ᐅ Cunningham, Michael A - Columbus, Ohio (Court Case:2:08-bk-58419)
Bankruptcy filed - August 2008, discharged - October 2013
Full Name: Michael A Cunningham
Court Case:
2:08-bk-58419
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.
ᐅ Cunningham, Michael A - Columbus, Ohio (Court Case:2:16-bk-51855)
Bankruptcy filed - March 2016, discharged - June 2016
Full Name: Michael A Cunningham
Court Case:
2:16-bk-51855
Chapter 7:
Chapter 13 bankruptcy is characterized by its repayment plan, which does not involve the liquidation of the debtor's assets. In this arrangement, instead of selling nonexempt property to pay creditors, the debtor makes payments through a structured plan overseen by a trustee. This approach allows debtors to retain their assets while working towards debt resolution.
