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Robert Edward Kappelman - Des Moines, Iowa

Debtor:

ᐅ Kappelman, Robert Edward - Des Moines, Iowa (Court Case:09-02309)

Bankruptcy filed - May 2009, discharged - June 2013
Full Name: Robert Edward Kappelman 
Court Case:   09-02309
Chapter 13: Chapter 13 bankruptcy offers several benefits over Chapter 7, especially for individuals looking to avoid losing their homes. It allows for the temporary halting of foreclosure processes, giving homeowners the chance to catch up on missed mortgage payments through a structured plan, while staying current on their ongoing mortgage obligations. Additionally, this chapter provides avenues for restructuring secured debts, which can extend repayment terms and may reduce the amount of each payment. A key feature of Chapter 13 is its protection for co-signers on consumer debts, shielding them from being held liable. The process functions in a manner akin to a consolidation loan, with the debtor making payments to a trustee, who then allocates these funds to the creditors, thereby eliminating the need for direct contact between the debtor and creditors.
Filed: May 12, 2009
Discharged: June 18, 2013