Bankruptcy-Bills-H.O.A.

Combined Year-End Income

December 31, 2013

Combined Income $147,256

The Watts’ have a YEAR-END COMBINED ANNUAL INCOME of: $147,256

December 31, 2014

Combined Income $90,790

The Watts’ have a YEAR-END COMBINED ANNUAL INCOME of: $90,790

December 31, 2015

Combined income $58,908

The Watts’ have a YEAR-END COMBINED ANNUAL INCOME of: $58,908

The Watts’ File for Bankruptcy

June 5, 2015

Chris & Shanann's bank statements:

USSA joint checking account balance: $864.34
USSA joint savings account balance: $3.51
USSA joint savings account balance: $6.00
Available Cash: $873.85

Bankruptcy Debts:

BB&T credit card: $14,796.00
BELK credit card: $43.55
CAPITAL ONE credit card: $4,026.00
FURNITURE ROW credit card: $2,919.00
Chiropractic and Wellness: $740.00
PIER 1 credit card: $289.00
Student loan: $4,208
HOME DEPOT credit card: $1,682
Medical service: $1,301.27
MACY’S credit card: $1,547.00
NORDSTROM credit card: $3,038.65
Student Loan: $7,037.00
Civil Judgement-2015: $1,449.60
Sharon View Credit Union: $18,968.00
Mecklenburg Radiology: $96.00
ToysRus credit card: $298.21
USAA credit card: $3,860.00
AMERICAN FURNITURE credit card: $1,559.68
Good Samaritan Medical Center: $2,612.09

TOTAL: $70,472.11

Monthly take-home pay:
Debtor 1: $3,380.55
Debtor 2: $1,841.67

Total monthly take-home pay: $4,909.03

Monthly expenses: -$4,897.66

Monthly net income: $11.37

Bankruptcy is Discharged

July 26, 2016

Chris & Shanann's bankruptcy is finalized & discharged.

Chris withdraws money from his 401K

April 13, 2018

Shanann is in charge of paying the bills, but she hasn’t paid the mortgage or HOA fees for 3 months.

She tells Chris to take out $10,000 from his 401k to make payments but Shanann doesn't make any payments. It’s unclear what Shanann did with the money.

July 12, 2018

Chris and Shanann receive a Summons to Appear in Court regarding unpaid HOA dues.

Case #C622018C34877

Monthly Bills

The $10,000 that Chris took out of his 401K was not used to pay bills.

Shanann pays all of the bills, she has not paid the house payment for three months; if they don’t make August payment, they will be four months past due.

Shanann has not paid the H.O.A. fees for 18 months and they are being sued by the H.O.A. company.

First Savings Credit
Card ending in: 6885
Credit Limit: $500.00
Credit Available: $163.00
Previous Balance: $358.53
Payments & Credits: $30.00
New Balance: $336.71
Minimum Payment Due: $30.00
Payment Due Date: May 17, 2018

Capital One Credit
Card ending in: 2674
New Balance: $3,055.75
Minimum Payment Due: $92.00
Payment Due Date: May 13, 2018

Merrick Bank Visa
Card ending in: 3673
Credit Limit: $600.00
Credit Available: $44.00
Previous Balance: $577.73
Payments & Credits: $41.00
New Balance: $555.29
Minimum Payment Due: $41.00
Payment Due Date: May 11, 2018

Young Living Essential Oils
May 29, 2018 Invoice: $64.30

Young Living Essential Oils
July 24, 2018 Invoice: $72.25

Young Living Essential Oils
July 27, 2018 Invoice: $66.25

South Denver Neurosurgery
account ending in: 2285
Minimum Payment Due: $270.37
Payment Due Date: May 6, 2018

Capital One Credit
(Account is in Frank Rzucek’s name)
Card ending in: 5491
New Balance $2,846.28
Minimum Payment Due: $84.00
Payment Due Date: Jan. 3, 2018