Has anyone filed with very high credit card debt?

[Pandora]

Question is... exactly who put liens on your house for debts owed and when?

I agree with all the others - find another attorney, interview several, and read up on here so you arent "blindsided" going in.

[Flamingo]

We have about $60,000 in credit card and lines of credit debt. Along with about $15,000 in medical bills. We were advised to file chapter 13, even though we would pass the means test because our unsecured debt is very high and might look suspcious (would cause an investigation for fraud). There is no fraud, but we were told everything would be looked through with a fine tooth comb and if 1 simple mistake was made it could cause a lot of trouble.

All of the $60,000 in debt is over 2 years old, we stopped paying on all of our credit cards in August 2009. The medical bills are more recent.

Any advice you have would be great - thank you!

Realize that your income and the amount of your assets has a lot to do with maybe having to file a Chapter 13. A Chapter 13 is based on many factors, not just the amount of debt. Please consult with several attorneys - I suspect from just reading your initial posting that you have a good income. Best of luck to you!

[sunshinepa]

I filed with about 58,000, under median and was never asked one question about the debt. Was less than 1 minute with trustee. I agree with all who have said "get another attorney". You can do as many free interviews as needed until you find one to get you into the CH 7. BK is a fresh start and the amount of debt (unless luxury purchases recently) should have no bearing on wether you get a discharge!

[Goteki45]

off topic, unibrow, I love your signature lol

[Unibrow]

Sorry guys, I'm a little late to the party. Not proud of the numbers, but 125K in credit debt here. I have over 40K in one particular card. Trustee doesn't even seem to notice when he went over my paperwork. I'm in CA, so that might make a difference. Best is consult with several more attys like the others say.

[NewStart11]

I filled 88,000K+ DISCHARGED; no questions; asked why I filled; said my Dedt to Income Ratio was to High, must have been in there for like 90 Secs or less, spent more time waiting and parking!
Get a good Lawyer; they are golden!

[dustin2471]

filed with $175k worth of cc debt, trustee asked how it got so high? Job loss for both wife and I. Only question trustee asked beside the normal questions. Unless you plan on trying to wipe out a second / third mortgage on your house, from what you have said best for you to file ch7. Like stated before FIND A DIFFERENT ATTORNEY, this one is looking at their income not yours.

[Goteki45]

I filed with $33k in unsecured debt.

[DeadManCrawling]

I think we had 100-120k in CC debt when we filed. Most of it was old, but no more than one year. No questions or problems.

[Flatbroke1]

We filed with about $85,000 credit card debt (nothing else, only credit card) debt and no assets. The trustee looked amazed and said, "How did you get so much debt, were you just charging with no intent to ever repay?", to which I responded, "This was a result of years of poor financial planning". He said okay and that was about it. I spent about an hour at the 341 listening to all those who were ahead of me. My time before the trustee was probably less that 2 or 3 minutes and then it was over. Get a new lawyer!

[SweetGeorgia]

More encouragement for you - we filed Chapter 7 with more CC debt (something like $85K but I can't remember exactly) and a WHOLE lot more other unsecured debt. Medical bills, like you have. Also some big deficiency judgments on investment properties. Of course, I still have my student loans!

I agree that you should get another lawyer's opinion. He might have been accurate about large numbers drawing more attention, but that just means you have to be more organized. Your CC debt isn't crazy high; and it's OLD for pete's sake! Not a good enough reason to file 13, IMHO.

[tobee43]

I'm looking for some rain, too!

Without trying to derail this thread, I don't know if you saw my discharge post, but if not, it's here!

http://www.bkforum.com/showthread.ph...s-finally-over!

I could NOT have done it without you, tobee!

really pikaroth, i just can't believe i missed your thread!!!!! of course, you could have done it without me!! you do!! i did want to go with you to your 341..LOL!! but i knew you would do just fine and you did! wwhopppppppeeeeeee!!!

[pikaroth]

glad to hear that! haven't seen you for a bit and was hoping you were doing wonderful.

by the way, can you please send us some rain?? LOL!!!!!!

I'm looking for some rain, too!

Without trying to derail this thread, I don't know if you saw my discharge post, but if not, it's here!

http://www.bkforum.com/showthread.ph...s-finally-over!

I could NOT have done it without you, tobee!

[Klesko]

I filed with 175k in pure credit card debt, about 280k debt total. We owed NFCU 75k alone between me and my wife. We had one Amex credit card with 25k on it. My wife decided to stay home with our young child so we could get under the median income limit and filed 6 months later.

Only about 70k of the credit card debt was actually used at first, we remolded a house with it and bought furniture. When things went bad we used credit cards to cover the negative income for about 2 years which caused the additional 100k in debt. The sad reality is if they had kept bumping our limits we would have kept doing it. We had some sad sense that we could somehow repay this down the road.

Now almost 3 years later we are completely different people. We have a strict budget and pay ourselves first. We do have credit cards now but they stay at 0 balance and only used for things like hotels etc where credit cards are needed. I never intend to seek high limit cards again.

[tobee43]

It's going GREAT. So, so, SO glad that I went through this. It's a scary ride, but the destination is worth it.

glad to hear that! haven't seen you for a bit and was hoping you were doing wonderful.

by the way, can you please send us some rain?? LOL!!!!!!