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Gabby-Douglas-and-mom

Olympic Gold Medalist Gabby Douglas was on the verge of losing her family home until her mother was able to drop thousands of dollars in back mortgage payments, saving the home from being sold in a foreclosure auction.

Natalie Hawkins, Gabby’s mom, filed for Chapter 13 bankruptcy back in 2012. According to the bankruptcy petition, Hawkins claimed she had assets totaling $163,706.10 and liabilities in the amount of $79,754.14. She owed $4,350.23 on a student loan and over $72K on the mortgage to her Virginia Beach, VA home. She filed for bankruptcy asking a federal court judge to sign off on a re-payment plan to help make her debt manageable.

The court approved a payment schedule in which Hawkins began making monthly payments in February 2012 until she eventually paid back her creditors over $28,000, theJasmineBRAND.comexclusively reports.

CLICK HERE to read story

source: BlackAmericaWeb.com

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Gabby Douglas’ Mother Saves Home From Foreclosure was originally published on praisecleveland.com

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