Claims Scheduled, Claims Asserted???? What does this mean in PACER

[Anonymous]

Had my 341 today, PACER was updated with the following:

Chapter 7 Trustee's Report of No Distribution: I, XXXXXX, having been appointed trustee of the estate of the above-named debtor(s), report that I have neither received any property nor paid any money on account of this estate; that I have made a diligent inquiry into the financial affairs of the debtor(s) and the location of the property belonging to the estate; and that there is no property available for distribution from the estate over and above that exempted by law...blah, blah, blah...Claims Scheduled: $ 234267.61, Claims Asserted: Not Applicable, Claims scheduled to be discharged without payment(without deducting the value of collateral or debts excepted from discharge): $ 234267.61. (XXXXXX) (Entered: 06/27/2017)

What does the red stuff mean?  Where do those numbers come from?

[medicgrrl]

Looks like the amount of your debt. Do you have a mortgage and car loan?

[Anonymous]

@medicgrrl wrote:
Looks like the amount of your debt. Do you have a mortgage and car loan?

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Yes, mortgage and two car loans.  The math doesn't seem to add up though when I calculate the outstanding balance on my mortgate, car loans and unsecured debt which is what makes me wonder - maybe I am doing the math wrong or missing something.

[medicgrrl]

Is it to high or to low? Did you reaffirm the car loans?

[DaveInAZ]

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@Anonymous wrote:

@medicgrrl wrote:
Looks like the amount of your debt. Do you have a mortgage and car loan?

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Yes, mortgage and two car loans.  The math doesn't seem to add up though when I calculate the outstanding balance on my mortgate, car loans and unsecured debt which is what makes me wonder - maybe I am doing the math wrong or missing something.

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Sounds like that by your math your combined debt is less than the amount the Trustee listed? The loans have likely added penalties, late fees and/or higher default interest rate  you may not be aware of, making your combined debt more than you realize.

[Anonymous]

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@medicgrrl wrote:
Is it to high or to low? Did you reaffirm the car loans?

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Seems high.  Did not reaffirm but I am paying and retaining.

[medicgrrl]

You should have received a schedule that itemized everything. I would double check it to make sure there's nothing listed that shouldn't have been.