7 Million Searchable Bankruptcy Files. Stop paying for leads!
| Court Case: | 1-09-48386 |
| 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: | September 25, 2009 |
| Discharged: | January 02, 2010 |