June 2009 Debt Report
Starting Balances calculated post-bankruptcy (May 2008):
- Debts excluding student loans and 1st mortgage: $38,707
- Plus debts incurred between May 2008 and March 2009: $8,583
- Student loans: $80,215
- Total: $245,308 $127,050
Current Debt Balances:
- IRS: $2,148.39 (TY 2007)
- LDR: $3,168.21 (Louisiana Department of Revenue, TY 2007, interest added, negotiating regular payment, made $18.10 pmt)
- Chase HELOC?: $4,537.52 bankrupting
- CFCU Visa: $6,142
- Capital One HELOC: $21,434.14
Debt Balance excluding co-signed student loans and first mortgage: $36,137 $32,893
Student Loans:
- Co-signed student loans, approximate balance: $80,215 (found out the new balance when my attorney checked my credit report. No letters I’ve received add up to this much. Attorney is checking on it).
Total balance including student loans: $116,352 $113,108
Change since highest balance ($127,050 starting May 2008): $13,942
Discussion
I took the first mortgage balance out of the debt report. That’s not in the list of debts I need to pay off first, and we have to live somewhere. Balance totals changed substantially because of it.
I also found out the Chase loan isn’t a HELOC, so it’s going with the rest of the debts in the bankruptcy.
The changes are based on my attorney’s advice for going forward after I sign the papers tomorrow.
To see everything I owed before I changed my balances to “post May 2008″, read my May 2008 Debt Report. Interest, fees and penalties have been added since then, and the actual amount of the student loans is now on my credit report with the correct amount due.
