It would be nice to see your personal list of creditors and amounts for everyone

[oldhack]

I think it would be nice if everyone would post a listing of all of the creditors and how much they included in the BK that was discharged so other people could see real-life BK's that were discharged.

Something like this as an example, with rounded figures. Don't need the exact amounts.

i.e.:

Discover $1200
AMEX $4700
Wachovia $18300
Hospital Bill from XYZ Hospital $46500
WaMu $3800
Ford Motor Credit $7900
GMAC $16000
Capital One $4800
Grand Total: $103,200...

Hmmm -- guess I don't see the vicarious thrill in viewing folks' failure -- and that's what bankruptcy is, whether it be ambition failure, professional failure, or a failure of financial acumen -- but I seem to be a piker compared to some of these figures, which may explain why my Chapter 13 creditors (sorry -- that's all I could qualify for!) will receive almost 80% of their claims.
In any case, I'm 6-10 weeks away from my final payment, and the trustee estimates a 4-6-week period to discharge. I'm told my chances of getting approved then for an FHA mortgage in time to take advantage of the federal $7,500 tax credit on a first home by July 1 is 50-50 or better, even today. So, I'm happy enough.

[debtmonster]

How are all of you able to get such high credit lines?! All of my credit card limits have always been $600 to $2000.

[Aaaaah!]

Amex Gold: $7,000
Amex Platinum: $27,000
Etrade Bank: $16,500
Citibank: $23,000
Discover: $15,000

*sigh*

[debtmonster]

All the folks that have AX debt..These fu---kers are calling me every hour on the hour...How are you?
To top it off I owe them a total of 800.00

With those hassles, now I can see why you chose the username that you did. That username is very appropriate for the situation at hand!

[ansky0007]

All the folks that have AX debt..These fu---kers are calling me every hour on the hour...How are you?
To top it off I owe them a total of 800.00

I owe amex close to $200k, I spoke with my Relationship Manager and informed then that we were going to file since our business has failed with the economic conditions. All they asked was I call them back when we do file and they have not called since.

[jessegirl]

READY - Send them a cease and desist letter. They stopped calling me about 1 week after i sent it out. Send it out certified mail return receipt. It defiantely worked for me.

[ready2puke]

All the folks that have AX debt..These fu---kers are calling me every hour on the hour...How are you?
To top it off I owe them a total of 800.00

[Overmylimit]

The 1st Lawyer told me I couldn't file because I made too much and I couldn't do chp 13 since I had too much debt. But after looking at all my recent losses in business I think I will be close to the median. They told me they would work it out so we'll see. The thing is when the $ started to flow we started to grow and so did the expenses. More and more expenses and not anticipating loss of income we just kept growing. I am talking about business expenses and growth.. I kept trying to make my company bigger and it was too fast to sustain, so downward I spiral........it will come back it always does but the bill collectors won't accept "hey come back for your $$ next year and we will have more then" so I am being forced into bk

[debtmonster]

I am self-employed and I barely make $3-5k gross. After taxes and business expenses, I don't net enough to live on. How do you do a Ch. 7 with those high incomes?

The median in my state is about $51k. When we file, we may be a few thousand over that.

[Overmylimit]

Man, you're not kidding. How on earth could you make $300k in a year? I am obviously in the wrong business. That's over 5 to 8 years of income for me since maybe 2000.

I know people who are in my line of work who make 300k per month....no joke thats after all expenses...and no we aren't in the Narcotics biz..lol

[Overmylimit]

I almost forgot I am in California. Also keep in mind it sounds like a lot of $$ but it fluctuates also being self employed, it's not like collecting a steady paycheck every two weeks...

[Stilltheone]

We had an income of around $60K...then commissions got cut and it went down to $35K. Regardless, someone making $60K should not have that equal amount in CC debt like we did.

[Overmylimit]

I was making about 240k a year untill we lost some big contracts, now I'm not sure what my bottom line is yet my accountant is working on it now. And I haven't filed yet.

[debtmonster]

Well, you asked about HH income - I was making over $300k annually at the time the debt was incurred. Now my income is a very small fraction, less than $60k YTD (this just happened over the past 8 months - although the reduction started last year). The BK 7 filing was just over $1M on 9/30 per my previous post.

Talk about an adjustment!!!

Man, you're not kidding. How on earth could you make $300k in a year? I am obviously in the wrong business. That's over 5 to 8 years of income for me since maybe 2000.

[StartingOver08]

Well, you asked about HH income - I was making over $300k annually at the time the debt was incurred. Now my income is a very small fraction, less than $60k YTD (this just happened over the past 8 months - although the reduction started last year). The BK 7 filing was just over $1M on 9/30 per my previous post.

Talk about an adjustment!!!