how much debt and how much income?

[bkfiler]

poll survey question:

how much debt and how much income did you have when filing your BK?

(if unemployed how much income did you have before you filed)

[Genenco]

Well...That's ONE measure, but not the full amount.

I have $38,000 Debt. I make about $20-$24K a year.

However, due to living conditions, I have had to "Help out" parent for bills and so, I offer rent (With food and utilties mixed in) and she refused, but she had to take it (Medical insurance and bills) and so, that was good.

But I made an error of going with paperless billing and I also had to repair a car and so, when it all hit..Well, the sight of my wallet, bank account and such just made me get a but fustrated.

So I was about to declare, but chatting with some others, I decided to try, wouldn't you know, the CC companies refuse to work with me, same with Car loan company...I made a fairly decent request to reset things (In their favor too) and yet, they gave me the middle finger salute.

So, I have no pity, no care about them..After all, I did make the attempt, but was rebuffed and so, they now suffer for their intolerant behavior...Hmmm..I wonder if???.....

[StaciMM]

We filed jointly-income is approximately $45,000 per year and we filed on about $65,000. That includes vehicles we gave back, does not include student loans of about $11,000 that will survive the BK. Only about $5,000 of that was credit cards.

Edited to add: family of 5, easily below the 'median'.

[quest42]

As of October 2005:
Assets: $10k
Liabilities: $100k
Income: less than $1k/month: part-time, hourly, temp work...
Expenses: more than $1k/month: just to survive...

Laid off 4 times in the past 7 years... income varied widely from year-to-year...