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Ount Owed Immediately Before the Cancellation Liabilities (debts) 1. Credit card debt $ 2. Mortgage(s) on real property (including first and second mortgages and home equity loans) (mortgage(s) can be on personal residence, any additional residence, or property held for investment or used in a trade or business) $ 3. Car and other vehicle loans $ 4. Medical bills $ 5. Student loans $ 6. Accrued or past-due mortgage interest $ 7. Accrued or past-due real estate taxes $ 8. Ac.

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