topic Re: Claims Scheduled, Claims Asserted???? What does this mean in PACER in Bankruptcy

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

Anonymous — Tue, 27 Jun 2017 22:57:14 GMT

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?

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

medicgrrl — Tue, 27 Jun 2017 23:30:07 GMT

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

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

Anonymous — Tue, 27 Jun 2017 23:39:44 GMT

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

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.

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

medicgrrl — Tue, 27 Jun 2017 23:48:35 GMT

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

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

DaveInAZ — Tue, 27 Jun 2017 23:49:28 GMT

@Anonymous wrote:

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

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.

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

Anonymous — Wed, 28 Jun 2017 01:24:38 GMT

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

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

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

medicgrrl — Wed, 28 Jun 2017 01:29:16 GMT

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.