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Emmanuel Sta Maria Calderon - Woodbridge, Virginia

Debtor:

ᐅ Calderon, Emmanuel Sta Maria - Woodbridge, Virginia (Court Case:09-19734)

Bankruptcy filed - November 2009, discharged - February 2015
Full Name: Emmanuel Sta Maria Calderon 
Court Case:   09-19734
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: November 24, 2009
Discharged: February 10, 2015