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Lester Lee Connell - Indianapolis, Indiana

Debtor:

ᐅ Connell, Lester Lee - Indianapolis, Indiana (Court Case:07-09896-JKC-13)

Bankruptcy filed - October 2007, discharged - December 2012
Full Name: Lester Lee Connell 
Court Case:   07-09896-JKC-13
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 09, 2007
Discharged: December 25, 2012