Share this article

print logo

ALL KINDS OF PEOPLE FILE FOR PROTECTION

It might be your neighbor, a relative, or the storekeeper around the corner. Bankruptcy involves real people who -- because of job loss, medical problems or rising debt -- find themselves unable to pay their bills. These are some of the dozens of people who file for bankruptcy every day.
Michael Centi Jr., Jamestown
Mechanic
1996 income: $7,000 Assets: $24,700
Liabilities: $37,514 Credit-card debt: $22,097
Expenses include $365 monthly child support.
Sherry Smith, Buffalo
Secretary
1996 income: $10,000
Assets: $2,900
Liabilities: $17,119
Credit-card debt: $9,872
Dorothy Hackett, N. Tonawanda
Sales associate
1996 income: $10,000
Assets: $14,617
Liabilities: $21,400
Credit-card debt: $8,500
Thomas Hardiman, Burt
Autoworker
1996 income: $45,557
Assets: $17,546
Liabilities: $51,320
Credit-card debt: $23,320
Gary Martin, East Aurora
Corrections officer
1996 income: $34,878
Assets: $5,072
Liabilities: $46,674
Credit-card debt: $46,674
Dorothy Holmes, BuffaloRetired
1996 income: $12,960
Assets: $30,730
Liabilities: $69,754
Credit-card debt: $57,754
Chapter 13 plan will pay 29 percent of credit-card debt.
Paul Pardee, Lewiston
Retired
1996 income: $31,320
Assets: $81,375
Liabilities: $137,551
Credit-card debt: $99,825
Chapter 13 plan will pay 10 percent of credit-card debt.
Joseph Luizio, Buffalo
Military
1996 income: $17,000
Assets: $2,000
Liabilities: $12,508
Credit-card debt: $12,480
1995 Chevrolet repossessed prior to filing
James Lee, Dunkirk
Massage therapist
1996 income: $649 a month
Assets: $1,310
Liabilities: $24,246
Credit-card debt: $22,815
Tried consumer credit counseling.
Patrick Geracitano, Niagara Falls
Disabled
1996 income: $493 a month
Assets: $58,491
Liabilities: $28,542
Credit-card debt: $14,150
Richard Marini III, Lancaster
Collision worker
1996 income: $20,000
Assets: $7,169
Liabilities: $17,240
Credit-card debt: $13,114
Allen Chisley, Buffalo
Foundry worker
1996 income: $41,800
Assets: $40,700
Liabilities: $52,635
Credit-card debt: $23,181
Peter Scanio, Kenmore
Police officer
1996 income: $56,000
Assets: $29,800
Liabilities: $49,482
Credit-card debt: $48,732
Exempt assets include $500 in guns.
Joseph Saraceni, Corfu
Laborer
1996 income: $31,391
Assets: $6,365
Liabilities: $37,657
Credit-card debt: $27,373
Kristen Munzi, Niagara Falls
Credit analyst
1996 income: $16,367
Assets: $13,310
Liabilities: $47,839
Credit-card debt: $38,600
Sandria Banks, Lockport
Dispatcher
1996 income: $15,840
Assets: $49,100
Liabilities: $101,675
Credit-card debt: $10,925

There are no comments - be the first to comment