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Michael Owenby - Clemson, South Carolina

Debtor:

ᐅ Owenby, Michael - Clemson, South Carolina (Court Case:10-03194-hb)

Bankruptcy filed - May 2010, discharged - August 2010
Full Name: Michael Owenby 
Court Case:   10-03194-hb
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: May 01, 2010
Discharged: August 17, 2010