in credit cards and personal loans prior to filing BK?
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2much -
Including our house, we were at approx 700k.
400k was the mortgage loan. The rest was CC, medical, and so on.
All gone now.
11-20-09-- Filed Chapter 7
12-23-09-- 341 Meeting-Early Christmas Gift?
3-9-10--DischargedComment
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We had $98,748 in assets (mostly accounts receivable that will never be paid) and had $596,095 in loans, much of which was a mortgage and HELOC on a foreclosed-on house, and my wife's student loan (which wasn't discharged) -- then other miscellaneous things, like medical bills, back taxes (also not discharged), personal loan from family (will still repay), etc.Comment
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$140K here (all unsecured)Comment
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We will be filing ch. 7 soon on approximately 10k in cc and 6k in medical debt incurred while my husband was out of work several months due to an injury. Sounds small until taking in to consideration our income is only 30-32k/year.Comment
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We have $40K in unsecured credit card debt, $10K car loan, and $15K in student loans(which I know won't be discharged, not that I care)
No assets, and $10K under the median income(that is including student loan disbursements as income as well.)I am not an attorney and any advice given is simply opinion based on my personal experiences. Always ask an attorney before making legal decisions.Comment
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$32k credit cards
$31k 2nd mortgage that we're stripping
= $63k unsecured
+$26k auto loan, paying back 100%Filed Chapter 13 on 2-28-10. 341 completed 4/14/10. Confirmed 5/14/10. Lien strip granted 2/2/11
0% payback to unsecured creditors, 56 payments down, 4 to go....Comment
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$70k Credit Cards (Unsecured)
$30k Car Loan (Secured)
Never Again...
3/11/2010 - Filed Ch. 7
4/21/2010 - 341 Scheduled
6/21-7/1/2010 - Hopefully DischargedComment
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219K mortgage
55K cars
40K cc
22K student loansFiled Ch.7 on 03/17
Statement of Presumed abuse filed 707(b) 05/03
Statement of Non-Abuse filed!!
Discharged 06/23/10
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Too embarrassed to admit.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.Comment
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157k Mortgage (Paying back 100%)
115k cc
40k Vehicle (Paying back 100%)Filed Chapter 13 - 18MAR10 ~ 341 - 10MAY10 ~ Confirmation Denied - 12MAY10 :unsure: ~ Motion to Dismiss - 12MAY10 :cry: ~ Withdrawal of Motion to Dismiss - 01JUN10 :cool: ~ Trustee now Recommends Confirmation - 01JUN10 :clapping: ~ Plan Confirmed - 04JUN10 ~ Only 4Yrs 9Months left in Plan :DComment
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credit card debt was about equivalent to annual gross income. Student loans were about 1.3x annual income. couldn't pay them both on annual income, filed when I received letter from lawyer that credit card was planning to sue.Comment
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That is small. I'd take your debt level and income any day. In any case mine is 87k for just cc's and 40k for student loans. Homes have been foreclosed on ages ago. Income at the time was double yours.Originally posted by raidermom View PostFiled: 6-7-2010 341: 7-15-2010 DISCHARGED: 9/17/2010
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100K unsecured
445K securedChapter 7 Filed: 2/24/10
341 Meeting: 3/23/10
Deadline for Objections: 5/24/10
Discharged and closed: 5/29/10Comment
Bankruptcy Wizard
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