View source for Debt

{{quote|How the hell CWC is going to pay all that?|Twitter user TaoOfMao1, on viewing the result for Chris's third debt lawsuit.}}

{{quote|A bit at a time. Do Not Judge Me, [[Asperchu|Mao]]. It is wrong to judge others by outdated information and financial shit.|Chris's response<ref>https://twitter.com/CWCSonichu/status/1075548549142720512</ref>. He has been sued for nonpayment many times since.}}

[[File:Barb discover bank result.png|thumb|200px|The first of many debt lawsuits against the Chandlers.]]

'''Debt''' is money owed to a creditor. Due to their mutual [[Chris and work|laziness]] and [[Tour of Chris's House|propensities towards hoarding]], [[Barbara]] and [[Chris]] are both heavily in debt. Both have been taken to court for their failure to pay debts on multiple occasions: Barb twice and Chris nine times, including two garnishment hearings, as of [[February 2020]]. According to court records, Barbara owes at least $20,000, while Chris owes nearly $8,000, to say nothing of the $115,000 second mortgage on [[14 Branchland Court]] that consumes the lion's share of Chris's [[monthly tugboat]].

==Debts==
This table summarizes various debts between Chris and Barb. Keep in mind that these are only amounts found by [[CWCki|Christorians]] via Chris's online posts and Virginia District Court public records.<ref>[https://kiwifarms.net/threads/chandlers-sued-for-debt-megathread.55045/ Chandlers sued for debt megathread]</ref>

On 30 November 2016, Chris started a [[Patreon]] with a goal of '''$250,000'''; he estimated $200,000 to pay off the mortgage and other debts, plus an extra $50,000 for himself, [[Chris and negotiation|just ''because'']].

{| class="wikitable sortable"
|-
!data-sort-type="date"|Date debt incurred
!data-sort-type="string"|Debtor
!data-sort-type="string"|Item
!data-sort-type="currency" |Amount ($)
!data-sort-type="string"|Notes
|-
|
|Barbara
|Mortgage payments to Seterus Inc
!style="text-align:right;" |115,000.00
|Mortgaged [[14 Branchland Court]] for collateral to pay credit card debt. $900 per month, using money from Chris's [[tugboat]]<ref>https://kiwifarms.net/threads/the-chris-chan-extortionists.45366/post-3556926</ref>
|-
|24 September 2014
|Chris
|Loan for [[Son-Chu]]
!style="text-align:right;" |9,000.00
|
|-
|16 March 2016 - 14 September 2016
|Barbara
|Court judgements for debt (see next section for details)
!style="text-align:right;" |20,613.92
|
|-
|24 August 2017 - present
|Chris
|Court judgements for debt (see next section for details)
!style="text-align:right;" |7,927.23
|
|-
|1 March 2016
|Chris
|PS4 purchase (via Fingerhut.com)
!style="text-align:right;" |540.00
|
|-
|16 April 2016
|Chris
|Payday loan (not counting the extremely high interest rates)
!style="text-align:right;" |3,000.00
|
|- class="sortbottom"
!style="background-color:#E9E9E9; text-align:right;", colspan="3"|Total
!style="font-weight:bold;color:#FF0000"|156,081.15
|}

==Court cases==

{| class="wikitable sortable"
|-
!data-sort-type="date"|Filed date
!data-sort-type="date"|Judgement date
!data-sort-type="string"|Debtor
!data-sort-type="string"|Creditor
!data-sort-type="string"|Type
!data-sort-type="currency" |Amount ($)
!data-sort-type="string"|Notes
|-
|19 February 2016
|16 March 2016
|Barbara
|Discover Bank
|Warrant in debt
!style="text-align:right;" |4,706.93
|
|-
|4 August 2016
|14 September 2016
|Barbara
|Capital One
|Warrant in debt
!style="text-align:right;" |15,906.99
|
|-
|17 July 2017
|24 August 2017
|Chris
|Mariner Finance
|Warrant in debt
!style="text-align:right;" |
|Case dismissed
|-
|24 September 2018
|16 January 2019
|Chris
|Second Round Sub
|Warrant in debt
!style="text-align:right;" |2,467.63
|Failed to maintain payments; creditor filed for garnishment
|-
|23 October 2018
|19 December 2018
|Chris
|Midland Funding
|Warrant in debt
!style="text-align:right;" |2,777.90
|Failed to maintain payments; creditor filed for garnishment
|-
|2 April 2019
|19 June 2019
|Chris
|Portfolio Recovery Associates
|Warrant in debt
!style="text-align:right;" |1,079.08
|[[Debt hearing (eyewitness account)|Eyewitness account of the hearing]].
|-
|6 May 2019
|19 June 2019
|Chris
|Portfolio Recovery Associates
|Warrant in debt
!style="text-align:right;" |1,602.62
|
|-
|24 May 2019
|3 July 2019
|Chris
|Midland Funding
|Garnishment
!style="text-align:right;" |
|Closed early. Result: Dismissed No Funds
|-
|11 November 2019
|<s>15 January 2020</s>
|Chris
|Second Round Sub
|Garnishment
!style="text-align:right;" |
|Closed early. Result: Other
|-
|30 January 2020
|18 March 2020
|Chris
|Jefferson Capital Systems
|Warrant in debt
!style="text-align:right;" |
|Ongoing
|-
|30 January 2020
|18 March 2020
|Chris
|Portfolio Recovery Associates
|Warrant in debt
!style="text-align:right;" |
|Ongoing
|- class="sortbottom"
!style="background-color:#E9E9E9; text-align:right;", colspan="2"|Total debt cases
!style="font-weight:bold;color:#FF0000"|11
|}

==Gallery==
<center><gallery>
File:Barb discover bank result.png|Discover bank vs Barbara, Warrant in Debt, February 2016
File:Barb vs Capital One Bank result.png|Capital One bank vs Barbara, Warrant in Debt, August 2016
File:20170824 Mariner verdict.png|Mariner Finance vs Chris, Warrant in Debt, July 2017
File:Court Record - 2018 Second Round Sub Debt Case, Warrant in Debt (Chris, GV18000392-00).png|Second Round Sub vs Chris, Warrant in Debt, September 2018
File:Court Record - 2018 Midland Funding Debt Case, Warrant in Debt (Chris,  GV18000451-00).png|Midland Funding vs Chris, Warrant in Debt, October 2018
File:Court Record GV19000149-00 (Chris vs. Portfolio Recovery Associates, 2019).png|Portfolio Recover Associates vs Chris, Warrant in Debt, April 2019
File:Court Record - May 2019 PRA Debt Case (Chris, GV19000217-00).png|Portfolio Recover Associates vs Chris, Warrant in Debt, May 2019
File:Court Record - 2019 Midland Funding Debt Case, Garnishment (Chris, GV18000451-01).png|Midland Funding vs Chris, Garnishment, May 2019
File:Court Record - 2019 Second Round Sub Debt Case, Garnishment (Chris, GV18000392-01).png|Second Round Sub vs Chris, Garnishment, November 2019
File:Court Record - 2020 Jefferson Capital Systems LLC, Warrant in Debt (Chris, GV20000042-00).png|Jefferson Capital Systems, Warrant in Debt, January 2020
File:Court Record - 2020 Portfolio Recovery Associates, Warrant in Debt (Chris, GV20000043-00).png‎|Portfolio Recovery Associates, Warrant in Debt, January 2020
</gallery></center>

==Causes of debt==
===Credit cards===
That Chris's parents permitted him to acquire several credit cards is very surprising, but the foolishness with which he uses them wouldn't surprise anybody at all. As of [[February 2009]], Chris had managed to rack up $2,000 worth of debt (at the time of [[Mumble 4]], $1,000 of that sum came from the [[PSN]] store, but his bill for PSN downloads increased by the day) and had even stolen his parents' credit cards to use when his own were maxed out.{{cite}} According to an [[Vivian Gee E-mails 2|e-mail Chris sent to Vivian Gee]], by [[January 2010]] his debt was around $3,500 and had apparently been higher at some point in the intervening time.

By that point, Chris's debt had gotten so out of hand that [[Bob]] was forced to step in, making Chris reduce and manage on his spending, and forcing Chris to make regular payments to pay off his outstanding debt. Chris, thoughtless and uninterested in the fact that unpaid credit card debt accrues severe interest, had historically made payments in the smallest installments possible.

At some point, Bob paid off Chris's credit card debt and took payment in installments out of the tugboat in compensation.<ref>[[Jackie E-mails 6]]</ref> This foolish act of parental financial enabling allowed Chris to avoid the immediate consequences of his gross financial irresponsibility, and resulted in Chris learning nothing about how to manage his own finances, reinforcing Chris's attitude that he should be able to do anything that he wants and not suffer any negative consequences.

Not surprisingly, it only took Chris a few short months to land himself in more financial trouble. Chris had not only acquired a MasterCard charge account through [[Best Buy]], but as of the second week of [[August 2010]], Chris had predictably used it to land himself in yet more debt and had been laden with fees for bouncing a card payment.<ref>[[Matthew Noble call]]</ref> Chris acquired the Best Buy charge card without his parents' permission; he only told them about it after receiving 2 bounced check fees that showed up on his bank statement, which his father was actively monitoring.<ref>[[Jackie E-mails 7]]</ref> In true Chris fashion, he tried to repay the minimum balance each month. When he was forced to reveal the debt to his parents, Bob was obviously less than thrilled. He promptly took control of Chris's bank account as well as his credit cards. From that point until Bob's death, he received only an allowance in the form of Visa gift cards, leaving him unable to accrue any more debt for a short time.<ref>[[Jackie E-mails 8]]</ref> At the time, the prospect of not being able to blow his welfare on frivolities stressed him out.

Curiously, even in his private communications with Jackie, Chris claimed that the overdraft fees that gave away the existence of the card to Bob were the work of trolls. Elsewhere in their conversations, however, he recounts other instances of "getting carried away" and accidentally overdrawing his bank account, suggesting that he was just using the trolls as a handy scapegoat for his own mistakes. 

Bob, delusional and in the throes of some sort of conspiracy paranoia involving the staff and patrons of The GAMe PLACe, claimed that it was most likely [[Michael Snyder]] who had hacked Chris's credit card and checking accounts{{cite}}.

Bob probably salvaged Chris's credit rating when he paid off all his prior card debt at once, but he angrily claimed Chris ruined it with the Best Buy debt (certainly true), and, in disturbingly Chris-like fashion, seemed to use this damning information to try to make Chris's latest brush with the [[Chris and the Law|law]] seem "petty" in comparison{{cite}}.

After Bob's death, Chris took back control of his credit cards. As he learned nothing due to Bob's enabling, Chris quickly accrued more debt. Unverified information on Chris's credit card debt was leaked on the CWCki Forums on 4 June 2014. It was revealed that Chris had at least five active credit cards, with at least $7,600 in combined credit limit. Of the five known active cards, at least four were revealed to be maxed out, with at least $7400 in unpaid debt between the five cards. It was estimated that the minimum payment on Chris's known debt was at least $220 a month, and it was revealed that the only reason that Chris had been able to obtain the credit that he had was that, historically, he had almost always at least paid the minimum payment each month, although it was implied that he rarely if ever paid more than the minimum.<ref>[http://cwckiforums.com/threads/chris-and-his-finances-an-in-depth-review-of-his-debt.3809/ CWCki Forums: "Chris and his finances: An in-depth review of his debt"] ([https://archive.today/K6R2c archived version])</ref>

In [[June 2016]], Chris's got a credit limit raise from one of his credit cards. Chris immediately blew his "bonus" on [[Transformers]] only to later beg for money over [[Facebook]] while blaming his [[Barb|mother]] for "impulsively" spending more on their overdue bills than the minimum amount due.
<center><gallery>
File:Transformers fb post1.jpg|Chris bragging about using his credit increase to buy Transformers.
File:Transformers fb post2.jpg|''Nine minutes later'', Chris blaming his family's financial shortfalls on his mother's bill payments.
</gallery></center>

Nearing the end of the 2010s, Chris began to ignore his minimum debt payments, causing multiple collection agencies to file suit against him. [[Aly Hirschberg]], a financial [[enabler]], tried to help by sending Chris free money<ref>https://kiwifarms.net/threads/aly-hirschberg-alan-christopher.60596/page-14#post-5858020</ref>, but Chris simply spent the money on entertainment such as printing up a line of personal [[TSSSF]] cards instead.

===Payday loan===
In early 2016, [[CatKnight Interview|Arthur Spatchcock]] discovered that Chris had taken out a payday loan for $3,000.<ref>https://kiwifarms.net/threads/chris-spent-over-425-on-ebay-last-month.19451/page-13#post-1392146</ref>

{{quotebox|Chris "borrowed" three thousand dollars. What he did with it is hazy, sure, but how do you think he bought all those lego sets for Lego Dimensions? }}

A payday loan charges extremely high interest rates (usually at least 400%), which does not bode well for Chris, due to his habit of only paying back minimal amounts at a time.

==Looking ahead==
{{see also|Financhu Crisis#Future|l1=Financhu Crisis, Future section}}

At present, Chris is basically immune to the consequences of his own debts. The [[monthly tugboat]] technically cannot be garnished, money from financial [[enablers]] is squirreled away in Paypal or spent too quickly for the court to note, and his debts are unsecured as he does not have collateral in his name ([[14 Branchland Court]] is in the name of his parents).

However, the dominoes will begin to fall once Barbara passes away. Without her own tugboat to defray living costs and mortgage payments, it is unlikely Chris will afford the bills to remain at home and must move to an apartment. The damage to Chris's credit rating and background check from so many debt judgements (as well as wannabe [[weens]]) make it highly unlikely prospective employers and landlords will take a chance on him.

Concerned followers have urged Chris to sign up for Section 8 housing soon since the waiting list may be long, as debt is irrelevant regarding Section 8 applications, though Chris has not bothered to do so, instead pretending that the [[Dimensional Merge]] will bail him out.

=== What about bankruptcy? ===

In the United States, creditors can force Barb or Chris into bankruptcy by filing an Involuntary Petition against either or both of them.<ref>https://www.vsb.org/site/publications/the-bankruptcy-process</ref> If the creditors manage to force the Chandlers' into bankruptcy, the bank that owns [[14 Branchland Court]] may think twice about letting the Chandlers' stay (same for any other bankrupt household), increasing the risk of the so-called 'Homeless Saga' becoming a reality. The Chandlers' would also lose all but the most basic possessions, since the liquidators will try to get as much money as possible, even if it means accepting an offer by a local recycling firm for his toys and video games.<ref>Guardsman42 (21 June 2019). [https://kiwifarms.net/threads/chandlers-sued-for-debt-megathread.55045/page-23#post-4880132 Re: Chandlers sued for debt megathread]. ''Kiwi Farms''. Retrieved 19 December 2019.</ref>

However, there are a lot of requirements and risks that make an Involuntary Petition very unlikely: for example, Chris needs to have a total debt of at least $10,000 before Midland Funding can take the next step after their failed attempt at garnishment, and if the court rules that they filed an Involuntary Petition against Chris in "bad faith", Midland Funding may end up [[Enablers|realising]] Chris's alleged wealth in Dimension [[C-197]].<ref>https://www.southerncaliforniabankruptcylawblog.com/2012/01/13/involuntary-bankruptcy-what-is-it-and-why-would-anyone-file-one/</ref> For those reasons, the creditors will likely wait for the foreclosure of 14 Branchland Court — a much greater threat to Chris's future than an involuntary bankruptcy.

==See also==
*[[Chris and money]]
*[[Debt hearing (eyewitness account)]]
*[[Financhu Crisis]]

==References==
<references/>

{{Money}}

[[Category:Things bought with taxpayer money]]