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