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Mark Arrington - Ponte Vedra Beach, Florida

Debtor:

ᐅ Arrington, Mark - Ponte Vedra Beach, Florida (Court Case:3:07-bk-04620)

Bankruptcy filed - October 2007, discharged - January 2013
Full Name: Mark Arrington 
Court Case:   3:07-bk-04620
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: October 14, 2007
Discharged: January 21, 2013