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Lester Charles Fausnight - Lake Village, Arkansas

Debtor:

ᐅ Fausnight, Lester Charles - Lake Village, Arkansas (Court Case:5:11-bk-12420)

Bankruptcy filed - April 2011, discharged - July 2011
Full Name: Lester Charles Fausnight 
Court Case:   5:11-bk-12420
Chapter 7: Chapter 13 bankruptcy is characterized by its repayment plan, which does not involve the liquidation of the debtor's assets. In this arrangement, instead of selling nonexempt property to pay creditors, the debtor makes payments through a structured plan overseen by a trustee. This approach allows debtors to retain their assets while working towards debt resolution.
Filed: April 11, 2011
Discharged: July 15, 2011