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Ernesto Jr Abad - Harlingen, Texas

Debtor:

ᐅ Abad, Ernesto Jr - Harlingen, Texas (Court Case:10-70451)

Bankruptcy filed - June 2010, discharged - August 2015
Full Name: Ernesto Jr Abad 
Court Case:   10-70451
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: June 23, 2010
Discharged: August 17, 2015