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Gloria Ann Spagnola - Richton Park, Illinois

Debtor:

ᐅ Spagnola, Gloria Ann - Richton Park, Illinois (Court Case:08-30270)

Bankruptcy filed - November 2008, discharged - November 2013
Full Name: Gloria Ann Spagnola 
Court Case:   08-30270
Chapter 13: Chapter 13 bankruptcy provides distinct advantages compared to Chapter 7, particularly in aiding individuals to prevent home foreclosure. It enables pausing foreclosure and settling overdue mortgage payments over time, while maintaining current mortgage dues. This chapter also offers debt restructuring opportunities for secured debts, extending the repayment period and potentially lowering payments. Notably, Chapter 13 includes provisions safeguarding co-signers on consumer debts from liability. It operates similarly to a consolidation loan, where the debtor pays the trustee, who then disburses funds to creditors, avoiding direct interaction between the debtor and creditors.
Filed: November 05, 2008
Discharged: November 06, 2013