For Info Only: How much do you owe...

[BROKEDED]

$150,000 1st
$105,000 2nd
$33,000 CC
$12,000 CC
$300,000 Total


$29,000 Truck (reaffirm)
$23,000 Car (reaffirm)

[Stilltheone]

$60K in credit cards/unsecured loans.
$260K owed on house worth $230K (if we're lucky)
$20K owed on a Cadillac Escalade now worth $9K

We still have the house and Escalade.

[blockhead]

With the old 29.99%

CC is now up to about $290K

[tra2555]

bump.

[nc73]

80k unsecured but probably 20% fees. I don't have anything to show for it!

[wonderingrov]

For me:

Mortgage: 79K
Student loans: 8K (nondischargeable)
Car loan: 5K
Credit cards: 29K
Medical bills: 42K

I will be reaffirming the car loan, and my lawyer thinks I should be able to keep the house without actually signing a reaffirmation agreement with this particular lender (kind of a stay & pay thing) - he recommends going that route if possible as the house is an older house. That way, I'll be able to walk away later if I see that it is getting to be too expensive to try to maintain.

I was actually doing pretty good until I had a mild stroke last year. Due to that, I am on disability for now - which has significantly dropped my income level. If my disability had started one week earlier, I could have had all of the medical bills covered by medicaid (grrrr...). I've been working with DFCS for literally over a year now to get those approved under a one-month lookback/spendown deal, but it has gotten to the point where a couple of those creditors are talking about suing now - so my lawyer recommended going the chapter 7 route to get that off of my back.

[minan]

Too Much for me

208K - Mortgage
122K - Student Loans
92K - IRS Back Taxes
20K - State Back Taxes
47K - Unsecured Debt
Car is lease which is up in 4 mos.

Trying to decide whether or not to file Chapter 13. 7 is not an option because my income from being a 1099 right now is enough that I can pay bills. However starting 7/1/10, I will become a W2 and income will go down. After taxes I expect to have about 4K/monthly.

[LexiPoo]

About $35k in CC and unsecured loans

Maybe 15% of that is fees and interest.

[AlmostAmos]

440k Mortgage
110k Student Loans
3k IRS Taxes
62k Auto Loans
90k Credit Cards

Wowzers, that is a lot of $$$!