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How much unsecured??

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    How much unsecured??

    After reading tons of posts I am curious as to how much unsecured people have, not to be nosey but I am thinking I have more than anyone I have read up on. I saw someone post the other day that had 300k but I have 481k in unsecured.....maybe this is why they are seeking judgments so much quicker than normal.
    "I'm old enough to know better, but too young to care"
    Filed Chapter 7 January 25th 2010
    341 Hearing March 4th 2010
    Discharged May 10th 2010

    #2
    I am at a total of $361k in credit cards... We are around 60 days away from filing. Honestly I had so many cards that I never thought I owed so much until I finally took time to put every thing down in a spreadsheet. Over 100k is from a business I started which failed and the balance is from over the past 4 years ago when the company I worked for went BK and I lost my job and was not able to find a new job so I lived off of cards a while until I gave up looking for a job and decided to start my own business.

    Amazing how 4 years can change everything... I was on top of the world and my first son was born and I lost my job a few weeks later. I was in a high profile job that took me almost 10 years to build myself into this type of job getting promotion after promotion in the same company. In the end I was in a high level job with no college degree. Once I lost my job it was impossible to find another job without the college degree.

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      #3
      I'm just shy if $336K if you include my second mortgage ($127K). Some of it, is also from cram-downs of other secured debt. It adds up quickly!!!
      Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
      Status: (Auto) Discharged and Closed! 5/10
      Visit My BKForum Blog: justbroke's Blog

      Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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        #4
        97K unsecured 21 cards
        Chapter 7 07/30/2008
        341 09/17/2008
        Discharge 11/21/2008

        Comment


          #5
          128K unsecured 15 cards

          Comment


            #6
            75k credit card (not including mortgage 260k)...it makes me crazy to think that a little over a year ago, I had a zero balance on my cc
            May 2008 Hired 1st Attorney/Stopped paying CCs
            May 21, 2009 Retained 2nd Attorney
            May 28th - Filed for Ch 7 (FINALLY!)
            9/11/09 - DISCHARGED!!!!

            Comment


              #7
              I know 2 years ago I had zero balances as well. 750k for my home 2 rental properties at 140k and 481k in unsecured on about 20 different lines. I will be going chp 7 but I wish I could do 13 so I could get rid of my 2nd at 175k..
              "I'm old enough to know better, but too young to care"
              Filed Chapter 7 January 25th 2010
              341 Hearing March 4th 2010
              Discharged May 10th 2010

              Comment


                #8
                79k on unsecured cc's...been playing the cc game for so many years now I cant remember when I was debt free...I do remember about 4 years ago I only had 4k on my cc's..plans were to be debt free come Jan...that Jan never came.
                move over this boat is getting full....

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                  #9
                  Is the huge amounts business related? Did they include a house? Is it CC only?

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                    #10
                    The 481k is business related the 750k is a 1st and 2nd on my home not business related. The other 140k is 2 rental properties that I bought out of state.
                    "I'm old enough to know better, but too young to care"
                    Filed Chapter 7 January 25th 2010
                    341 Hearing March 4th 2010
                    Discharged May 10th 2010

                    Comment


                      #11
                      45K consolidation loan, 36K 2 cc's. 17K HELOC.

                      15K of it was for getting a small business started. Hoping I can save that part of it.

                      BG

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