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Marvin Lynn Ratcliff - Indianapolis, Indiana

Debtor:

ᐅ Ratcliff, Marvin Lynn - Indianapolis, Indiana (Court Case:14-05944-RLM-7)

Bankruptcy filed - June 2014, discharged - September 2014
Full Name: Marvin Lynn Ratcliff 
Court Case:   14-05944-RLM-7
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: June 23, 2014
Discharged: September 21, 2014