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Gary L Scism - Johnson City, Tennessee

Debtor:

ᐅ Scism, Gary L - Johnson City, Tennessee (Court Case:2:15-bk-51728)

Bankruptcy filed - November 2015, discharged - February 2016
Full Name: Gary L Scism 
Court Case:   2:15-bk-51728
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: November 16, 2015
Discharged: February 14, 2016