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Bank of New York 7,574
G.E. Capital Credit 4,559
Florida Power and Light Credit Union 6,746
First North American National Bank 2,500
First Union Bank 15,253
$123,524
On August 27, 1996, petitioners had the following assets:
House, assessed value $55,490
FPL thrift plan 35,371
Thrift plan withdrawal 17,511
MetLife annuity 20,840
Van 5,000
Furniture, etc. 6,000
Automobile 3,000
Sedan 2,500
Cash and bank accounts 2,000
Trailer 100
$147,812
In addition, petitioners had potential interests in the FPL
pension plan and the Florida Retirement System, which we find
unnecessary to address in this case, as explained below.
On August 27, 1996, when the MBNA loans were discharged,
petitioners had assets of $147,812 and liabilities of $123,524.
On September 30, 1996, when the Barnett Bank N.A. loan was
discharged, petitioners had assets of $144,512 ($147,812 less the
payments to MBNA of $1,300 and $2,000) and liabilities of
$112,463 ($123,524 less the MBNA debts of $4,554 and $6,507).
On October 29, 1996, when the Nations Bank loan was
discharged, petitioners had assets of $142,012 ($144,512 less the
payment to Barnett Bank of $2,500) and liabilities of $108,428
($112,463 less the Barnett Bank debt of $4,035).
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