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Billy James Hill - Dickson, Tennessee

Debtor:

ᐅ Hill, Billy James - Dickson, Tennessee (Court Case:3:10-bk-00040)

Bankruptcy filed - January 2010, discharged - April 2015
Full Name: Billy James Hill 
Court Case:   3:10-bk-00040
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: January 04, 2010
Discharged: April 06, 2015