ᐅ Oliver, Denise C - Savannah, Georgia (Court Case:08-41554)
Bankruptcy filed - August 2008, discharged - November 2012
Full Name: Denise C Oliver
Court Case:
08-41554
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 Oliver, Denise C - Savannah, Georgia (Court Case:13-40559)
Bankruptcy filed - March 2013, discharged - May 2016
Full Name: Denise C Oliver
Court Case:
13-40559
Chapter 13:
Chapter 13 bankruptcy offers several benefits over Chapter 7, especially for homeowners facing foreclosure. It allows individuals to halt foreclosure processes and gradually catch up on overdue mortgage payments, although ongoing mortgage payments must be maintained. This chapter also permits the restructuring of secured debts (except primary residence mortgages), potentially reducing payments by extending them over the plan's duration. A unique feature of Chapter 13 is the protection it offers to co-signers on consumer debts, shielding them from liability. Additionally, Chapter 13 consolidates debts, enabling individuals to make payments to a trustee who then pays creditors, eliminating direct creditor contact.
