TABLE 1


Example:Petition date (pd):6-1-97
Plan filing date (pfd):6-1-97
Meeting of Creditors:8-1-97 (60 + pd)
Confirmation Hearing:7-15-97 (45 + pfd)


















TABLE 2


TOTAL CONSUMER FINANCIAL DEBT
[Includes all loan debts and rent, but not medical, utilities, or other debts or monthly expenses]
1-4 unit residential mortgage debt $3,912,079,000,000
Pro-forma housing debt of renters1 2,106,504,000,000
Auto debt 380,809,000,000
Revolving (card) 491,813,000,000
Other loans 354,339,000,000
Total consumer financial/rent debt: 7,245,544,000,000

1Pro-forma debt of renters calculated by SMR. Homeowners are 65% of all households and renters are 35% (Census Bureau). Since renters have to pay monthly amounts just like homeowners with mortgages, we have added this pro-forma number to total debt based on the 35% of households being renters.

Source: Federal Reserve Bulletin, 6/97.