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Michael Lance Murray - El Dorado Hills, California

Debtor:

ᐅ Murray, Michael Lance - El Dorado Hills, California (Court Case:12-38246)

Bankruptcy filed - October 2012, discharged - January 2013
Full Name: Michael Lance Murray 
Court Case:   12-38246
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 11, 2012
Discharged: January 19, 2013