Gabby Douglas, Natalie Hawkins (mother)
theJasmineBRAND.com exclusively reports, Olympic Gold Medalists Gabby Douglas’ mom has saved her family home from being sold off at a foreclosure auction, dropping thousands of dollars in back mortgage payments to save the family from being evicted from their home.
Natalie Hawkins – Gabby’s mom – filed for Chapter 13 bankruptcy back in 2012 … only months prior to her daughter winning 2 gold medals in the Summer Olympics.
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. $1,534 to Capital One, $158.78 and over $72K on the mortgage to her Virginia Beach, VA home.
Hawkins filed for Chapter 13 bankruptcy to have the federal court judge sign off on a re-payment plan to help make her debt manageable.
The court eventually approved a payment schedule in which Hawkins would beginning making 8 monthly payments starting in February of $400, then make one lump payment of $5,817 in October 2012 then 49 monthly payments of $400 for a grand total of $28,617 paid by Hawkins back to her creditors.
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