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Richard Abbate - Staten Island, New York

Debtor:

ᐅ Abbate, Richard - Staten Island, New York (Court Case:1-11-41634-jf)

Bankruptcy filed - February 2011, discharged - June 2011
Full Name: Richard Abbate 
Court Case:   1-11-41634-jf
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 28, 2011
Discharged: June 13, 2011