Bankruptcy Case Results

Chapter 7 21-12213

Debt Discharged: $52,700

Total Cost of Bankruptcy: $2,400.00

Family Assets Protected in Bankruptcy:

• No real estate - renting
• 1 Motor Home
• 1 motorcycle
• 1 Pickup Truck
• Over $5,000 in bank accounts and cash
• Retirement Accounts
• All family household and personal belongings

Household monthly Income: $5,500
Household monthly expenses: $4,700
Exemptions used to protect assets: $40,730.00
This case was pending for 4 months.

Chapter 13 18-16064

Value of Assets Protected in Bankruptcy: Over $441,400

Total Cost of Bankruptcy: $7,000 plus $4,400 for Chapter 13 Trustee fee

• Unsecured Debt: over $257,000
• Behind in mortgage payments: $4,000
• Unsecured Debt Discharged: over $215,100
• Mortgage Arrears paid: $4000
• Value of Assets protected in bankruptcy: over $441,400
• Monthly Household Income $8,600
• Monthly Household Expenses $5,650
• Chapter 13 plan payment: Starting at $2900/mo.
• Mortgage delinquency cured.

Case concluded early because of receipt of inheritance.