7 Million Searchable Bankruptcy Files. Stop paying for leads!

Bankruptcy Database

Douglas Franke - Aledo, Texas


ᐅ Franke, Douglas - Aledo, Texas (Court Case:10-40975)

Bankruptcy filed - February 2010, discharged - May 2010
Full Name: Douglas Franke 
Court Case:   10-40975
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: February 09, 2010
Discharged: May 11, 2010