personal-bankruptc

     7 Million Searchable Bankruptcy Files. Stop paying for leads!

Bankruptcy Database

Donna H Vitello - Pomona, New Jersey

Debtor:

ᐅ Vitello, Donna H - Pomona, New Jersey (Court Case:09-39510)

Bankruptcy filed - November 2009, discharged - February 2013
Full Name: Donna H Vitello 
Court Case:   09-39510
Chapter 13: Chapter 13 bankruptcy offers several benefits over Chapter 7, especially for homeowners facing foreclosure. It allows individuals to halt foreclosure processes and gradually catch up on overdue mortgage payments, although ongoing mortgage payments must be maintained. This chapter also permits the restructuring of secured debts (except primary residence mortgages), potentially reducing payments by extending them over the plan's duration. A unique feature of Chapter 13 is the protection it offers to co-signers on consumer debts, shielding them from liability. Additionally, Chapter 13 consolidates debts, enabling individuals to make payments to a trustee who then pays creditors, eliminating direct creditor contact.
Filed: November 01, 2009
Discharged: February 18, 2013




Debtor:

ᐅ Vitello, Donna H - Pomona, New Jersey (Court Case:15-33519)

Bankruptcy filed - December 2015, discharged - March 2016
Full Name: Donna H Vitello 
Court Case:   15-33519
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: December 16, 2015
Discharged: March 15, 2016