7 Million Searchable Bankruptcy Files. Stop paying for leads!

Bankruptcy Database

Billy Wayne Otis - Aledo, Texas


ᐅ Otis, Billy Wayne - Aledo, Texas (Court Case:13-42951)

Bankruptcy filed - June 2013, discharged - October 2013
Full Name: Billy Wayne Otis 
Court Case:   13-42951
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: June 27, 2013
Discharged: October 01, 2013