What was the most any of your filed BK 7 for?

[frogger]

Advice: Don't wait to long file, realize it and calmly look at it from an outsiders perspective of where you are at financially and make the decision. My problem is my business still had income coming in so I could have kept robbing Peter to pay Paul for much longer...but for what...

That's some of the best advice that anyone can ever get from this board.

[Overmylimit]

That's some of the best advice that anyone can ever get from this board.

Thanks Frogger! To bad I had to live it to advise it...

[Overmylimit]

All chump change (except for the person with 500k in unsecured debt!). Had a client discharge 260,000+ in credit card debt alone. The real question is, how did he get all that in the first place. But it went through, without a hitch.

That is a good question, mostly it was due to one of the 3 business's I run. When one started to fail I tried to keep it afloat with the other 2 which brought them all down. And believe me money adds up fast when you have 30 employee's and overhead, supplies etc. 2 warehouses a fleet of service vans..it just goes like water....

[liboton21]

64K CC plus mortgage need loan mod.

[MonaCK]

About 45K in unsecured, plus two cars, neither of which I reaffirmed. My total being discharged is about 103K.

Discharge is due to happen, hopefully, sometime next week.

[keptdigging]

About $200K unsecured when I file (probably next month.) CCs and lines of credit; personal and business. I am told the UST will drop in and ask questions. Here's how I got into serious 6 figures: (1) being self employed and having business prospects made it easy to live slightly beyond my means (I didn't live that well, but I did have negative monthly cash flow.) (2) Then it snowballs a bit, but you think the solution is to just work harder: you're self employed and income is not a fixed thing. And you've been paying your bills on time for years so the credit is quite available especially last decade! At this point you are just trying to be responsible and stay afloat--you are NOT living well. Oh and since the debt was for business expenses the interest is deductible so it's "manageable" (3) THEN Something serious happens like a serious drop in income. And still you're the self reliant type who tries to keep it all afloat until your next prospect hits.

I'm guessing that most of the 100K+ unsecured didn't live wildly. It takes a level of responsibility to build up that much credit and that much unsecured debt. And I got here because I could--don't we all avoid bk too long?

I may or may not be an asset case by the time I file. But through the miracle of balance transfers I have very little to show for it.

My secured (2 mortgages) is 613K. For California, I'm a wimp in that department. Good news is I think I can hang onto the house.

I don't know what the UST is like here (San Diego), though my attorney didn't seem too concerned. I'm prepared to be put through the ringer though. Damn if I really had significant assets I'd be going the settlement route.

[2manybills]

About $200K unsecured when I file (probably next month.) CCs and lines of credit; personal and business. I am told the UST will drop in and ask questions. Here's how I got into serious 6 figures: (1) being self employed and having business prospects made it easy to live slightly beyond my means (I didn't live that well, but I did have negative monthly cash flow.) (2) Then it snowballs a bit, but you think the solution is to just work harder: you're self employed and income is not a fixed thing. And you've been paying your bills on time for years so the credit is quite available especially last decade! At this point you are just trying to be responsible and stay afloat--you are NOT living well. Oh and since the debt was for business expenses the interest is deductible so it's "manageable" (3) THEN Something serious happens like a serious drop in income. And still you're the self reliant type who tries to keep it all afloat until your next prospect hits.

I'm guessing that most of the 100K+ unsecured didn't live wildly. It takes a level of responsibility to build up that much credit and that much unsecured debt. And I got here because I could--don't we all avoid bk too long?

I may or may not be an asset case by the time I file. But through the miracle of balance transfers I have very little to show for it.

My secured (2 mortgages) is 613K. For California, I'm a wimp in that department. Good news is I think I can hang onto the house.

I don't know what the UST is like here (San Diego), though my attorney didn't seem too concerned. I'm prepared to be put through the ringer though. Damn if I really had significant assets I'd be going the settlement route.

I can tell you that I thought for sure the UST was going to be there at our 341 hearing ready to grill me. I realized at our 341 how unimportant we really are, and we were just a pimple. If all of your documentation is there, you will be fine! The Southern California Courts are so busy, you will be shocked at how fast they push you through. At our hearing, there were more than 60 cases per hour. That's less than a minute a case.

[Overmylimit]

I realized at our 341 how unimportant we really are, and we were just a pimple.

Very, Very True!


I had tons of credit transfers, equipment, vehicles, land, rental properties, mortgages etc.... the list goes on and on.....I was out of the 341 in less than 10 minutes....

[NewPage]

40k+ in cc, and unknown medical. My C-section was 8 days ago & bills have not arrived yet.

[JackBondLove]

140,000 big ones here, all credit card except for $6500 for a government disaster loan.

[spikelavende]

$93,000 in credit card debt, with nothing really to show but years of minimum payments and interest

[bkinparadise]

After I did my docs for the BK attorney recently, I totalled it all up - over $43,000 in credit card and store card debt. I'm underwater on the mortgage at about $80,000.

[montana59451]

CH. 7 NON CONSUMER $658,889.68 out of that only $14,000 (approx) was personal credit cards and $227,323.95 was our mortgage (keeping the house)

[redhunter]

About $40k in cc debt. But mainly filed to protect from a promisory note on the home of about $700k

[Brazzy]

Ive seen the $2 million dollar mark in unsecured debt broken on several occasions. All of them were pretty sad cases, and some pretty bad people.