What was the most amount of money in credit card and unsecured loan debt that you (or someone that you know of) got discharged in a bankruptcy 7 case?
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a friend.....$16,000.00 cc debtcase filed : 6 -5-2007 :blush2:
DISCHARGED ...9-26-2007..:yahoo::yahoo:
case closed : 11-13-2007 :yahoo::yahoo: -
Over $100K. All Unsecured, CC debt.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...Comment
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By law, there is no maximum that can be discharged in a Ch 7.Originally posted by storesstores View Post
Just to complete the picture, the maximum debt that can be discharged in Ch 13 is:
- Personal loans of less than $300,000
- Maximum total debt of $922,000I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED !
10/02/11 - CASE CLOSED
Countdown: 60 months paid, 0 months to goComment
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Almost $155K. All unsecured CC. We were lucky in that we had no additional scrutiny from the UST.Comment
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Our unsecured debt will be around $80,000 when we file. I was checking out the filings in the local paper and one guy filed for $286,000 in our district on a chapter 7.Comment
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I'm approaching Chapter 7 with more than $125,000 in credit card debt. Only a small percentage of Chapter 7 cases in my district get dismissed and it's usually due to failure to complete the credit counseling class and other obvious neglegence. I hope I'm not the first.
Discharged November 2008 100 days after filing no-asset Chapter 7. We intended to let a two-year-old vehicle go back to the bank and reaffirm an inexpensive ten-year-old SUV and our home mortgage. In the end we surrendered ALL of our vehicles and reaffirmed NOTHING. We'll "ride through" our mortgage after the court ruled it an undue hardship.Comment
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near 450K but only 5K was cc debt
All the rest was business/tax debt.
Did it pro se and not one objection.
Was also almost 3X above state median but luckily
none of that counts when it's not consumer debt.
Good luck storesComment
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Our's was around 100K in CC debt.Yo ho, Yo ho, a pirates life for me
Discharged 9/1/04Comment
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Mine will be around 45k in cc debt
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About 40,000 in unsecured debt.Petition Filed 6/4/07 :clapping:
341 meeting 7/31/07 :clapping: :unsure:
First Meeting Held and Trustee's Report of No Distribution 8/2 :yahoo::yahoo:
10/15/2007 - DISCHARGED!:yahoo::yahoo::yahoo:Comment
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The Most I filed in Unsecured debt
Mine was 40,000 in credit card and loans.
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Mine will be up there, around 70k I think. Haven't totaled it all up yet. I'm trying to put a lot of time inbetween because I do worry about objections.Filed Chapter 7 Pro-Se May 29, 2008
341 July 1, 2008
Discharged September 4, 2008
Closed November 10, 2008 :-)Comment
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Ours is about $162k unsecured.
Everything seems to be on track.Chapter 7 Filed - 11/27/07
Discharged - 2/29/08
Unsecured Debt Discharged - $162k +/- (small business, personally guaranteed)
Finally Closed - 3/1/09Comment
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Mine will be over $30,000 by the time I file. (Credit card + medical bills).Comment
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