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Ivy Marcella Steward - Winston Salem, North Carolina

Debtor:

ᐅ Steward, Ivy Marcella - Winston Salem, North Carolina (Court Case:12-50176)

Bankruptcy filed - February 2012, discharged - March 2016
Full Name: Ivy Marcella Steward 
Court Case:   12-50176
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: February 08, 2012
Discharged: March 30, 2016