ᐅ Enlow, Velencia R - Little Rock, Arkansas (Court Case:4:06-bk-13452)
Bankruptcy filed - August 2006, discharged - December 2012
Full Name: Velencia R Enlow
Court Case:
4:06-bk-13452
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 Enlow, Velencia R - Little Rock, Arkansas (Court Case:4:15-bk-10665)
Bankruptcy filed - February 2015, discharged - May 2015
Full Name: Velencia R Enlow
Court Case:
4:15-bk-10665
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.
