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Michael Hancock - Jacksonville, Florida

Debtor:

ᐅ Hancock, Michael - Jacksonville, Florida (Court Case:3:10-bk-08686)

Bankruptcy filed - September 2010, discharged - January 2011
Full Name: Michael Hancock 
Court Case:   3:10-bk-08686
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: September 30, 2010
Discharged: January 16, 2011