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How much did you file bankruptcy over?
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Haven't finished all my numbers yet, but over 300k in unsecured debt...all business debt
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150k in cc debt. That number blows my mind! I sometimes wonder how it got that high, and never a late payment! Borrowing from Paul to pay Peter (or something like that) over the years.
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We should have about $50,000 in unsecured debt discharged. We are keeping our house and our almost paid off car, so that is not included. Plus I have $65,000 in student loans, but I can't discharge those.
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Haven't filed yet but I'm assuming 43K in cc debt, 38K in car loans, 130K in mortgage, and about 10K in med bills so over 220K and our income is only ME right now and for years to come it seems...
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Total = $252k
Over a quarter million dollars of debt is gone bye bye.....yeaaaaaaaaaaa
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I got about $42k discharged. $12k of that was a deficiency balance on a repo'd vehicle. My petition, however, was for $192k due to my student loans.
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At this time it stands at about $40k, still waiting for the right time to file. Actually, it's easy to hit much higher numbers because the creditors will continue tacking on interest and fees up to the day you file.
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Huh I must be odd, my total petition was 970k.... 600k of was house, 100k unsecured, and the rest student loans, medical debt etc....
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Keep in mind some amounts may seem small, but you have to look at the income to debt ration, without both it doesn't make as much sense.
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I filed over around $18,000 also. Was being sued by a creditor (credit card) for around $4,000.00 of this. The rest was medical and one other credit card with a balance of a little less than $3,000 including all the fees. My income is pretty low, though, so to me that was huge.
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I had about 100K all told. Could have made it but due to an enemy of mine he lost my wife two jobs and me one. Long story but to date he is in hospital in ICU. Karma. 'Hub
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