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Douglas W Mcgarrity - Bainbridge, New York

Debtor:

ᐅ Mcgarrity, Douglas W - Bainbridge, New York (Court Case:11-61590-6-dd)

Bankruptcy filed - July 2011, discharged - November 2011
Full Name: Douglas W Mcgarrity 
Court Case:   11-61590-6-dd
Chapter 7: In the framework of Chapter 13 bankruptcy, a structured repayment plan is central, differing significantly from scenarios where assets are liquidated to satisfy debts. Here, rather than resorting to the sale of the debtor's nonexempt property, a managed plan allows for debt resolution while the debtor retains their property. This method involves organizing payments to creditors, overseen by a trustee, without the need to liquidate assets. It's designed to protect certain assets from being sold, providing a path for debtors to avoid the potential loss of property while addressing their financial obligations.
Filed: July 19, 2011
Discharged: November 11, 2011