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Patrick S Smith - Norfolk, Virginia

Debtor:

ᐅ Smith, Patrick S - Norfolk, Virginia (Court Case:15-73414)

Bankruptcy filed - October 2015, discharged - January 2016
Full Name: Patrick S Smith 
Court Case:   15-73414
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: October 06, 2015
Discharged: January 04, 2016