Financial Timeline

February 18, 2014 – Jennifer and Israel McKinney are sued in small claims court by a local window covering company, approximately one month after Jennifer posts photographs on Instagram of her new wooden window blinds.

January 15, 2014 – The bankruptcy trustee dismisses the adversary case against the McKinney’s.

November 23, 2013 – The deed holders of house #6, the Arndt’s, quit claimed the property to Jennifer, and then Jennifer quit claimed the property to herself and Israel. Following that Jennifer and Israel signed a 30 year adjustable rate mortgage in the amount of $318,750.00 with a starting interest rate of 11.50%. The initial interest rate is set until December 2018, at which time it may be adjusted as high as 13.50% but no lower than 11.50% The interest rate cap on the ARM is 17.50%.

November 12, 2013 – Jennifer’s parents re-financed their home for the amount of $60,000 with a ten year term. Jennifer McKinney is listed as a borrower on this document.

November 12, 2013 – Jennifer and Israel McKinney are sued by Israel’s mother for $66,683.54 stemming from a loan in 2008.

October 18, 2013 – Jennifer and Israel McKinney fail to respond to a small claims suit filed by Gundersen Lutheran Medical Center on 9/30/2013. The case is awarded to the plaintiff as a default judgment. Amount due: $3,996.24

April 9, 2013 – Jennifer Howe Sauls McKinney signs an amendment to the 7/27/2012 CFD, in which she agrees to pay an additional $10,000 down payment, $3,600 in fees and a new monthly payment of $2,113.05 at a new APR of 9.65%. The balance of $247,339.18, plus interest, is now due by or before October 31, 2013.

December 21, 2012 – The case pending against Israel McKinney / Kieran’s Contracting is settled in a default hearing in favor of the plaintiff, a former subcontractor for the company. Original principal in the case is now listed as $56,127.50.

November 2012 – Jennifer McKinney purchases, with cash, a 2005 Cadillac Escalade from a friend.

November 2, 2012 – The bankruptcy trustee files a Notice of Settlement indicating that the McKinney’s will relinquish the domains mycharmingkids.net and mckmama.com, pay $3,500 for undisclosed assets / Yukon equity and their discharge will be waived.

October 11, 2012 – Jennifer totals the 2005 GMC Yukon.

October 8, 2012 – The McKinney’s agree to a waiver of discharge, essentially ending their bankruptcy petition to discharge their debt. They will not be able to discharge it in any future bankruptcy filings.

July 27, 2012 – Jennifer Howe Sauls McKinney purchases a home in a contract for deed arrangement. Purchase price: $282,500; down payment: $20,000; APR: 6.95%; total balance due: April 15, 2013.

May 24, 2012 – Bankruptcy Trustee files complaint and opens an adversary case against McKinney’s, accusing them of fraud.

April 17, 2012 – The case against landlord is dismissed. MckMama agrees to drop case, relinquish claim to escrow rent payment and security deposit, and vacate the property.

April 12, 2012 – The McKinney’s file amended documents with bankruptcy court, admitting to additional income and assets.

February 2012 – MckMama moves MSC to rental house that is listed on the market for approximately $250,000; monthly rent listed as $1,500.

January 9, 2012 – McKinney’s file a rent escrow action against their landlord.

December 13, 2011 – McKinney’s file for bankruptcy.

October 20, 2011 – MckMama blogs that they are “going to need to” file bankruptcy.

September 22, 2011 – MckDaddy / Kieran’s Contracting sued for $55,177 for breach of contract to former employee (note page 2, item III-12). Court date scheduled for November 2011.

September 5, 2011 – Becker house abandoned to the bank; MckFamily moves to “The Farm.”

August 19, 2011 – MckMama ponders “what to do about the still ever looming issue of bankruptcy.”

July 23 – August 2, 2011 – MckMama travels to Africa with GHNI.

July 15, 2011 – IRS tax lien recorded in the amount of $35,763.19 for tax years 2008 & 2009.

May 22, 2011 – July 17, 2011 – MckNomading trip #2 in an RV purchased for the trip (dates include stay in hospitals for kidney stones). When asked about MckDaddy’s expired contractor license, MckMama skirts the issue and does not answer whether or not he is currently working (‘managing jobs from the road’) or whether he will renew his license.

April 9, 2011 – MckMama writes about “deciding wether [sic] or not to file bankruptcy.”

March 31, 2011 – MckDaddy’s contractor license expires and is not renewed.

March 28 – April 25, 2011 – MckNomading trip #1 in an RV “rented” from a neighbor. Per MckMama on 3/31/2011, MckDaddy is self-employed and since work in the construction industry is slow during winter, he is not missing any work. In addition he no longer “puts hammer to nail,” only manages jobs, so the RV trip will not hamper his work.

February 11, 2011 – MckDaddy’s 2007 Dodge Ram is repossessed.

February 11-27, 2011 – MckMama travels to Africa with GHNI.

November 30, 2010 – MckDaddy / Kieran’s Contracting sued for $5,008.77 due to unpaid contractor supplies bill from Beacon Sales Acquisition, d/b/a Roof Depot (original supplies invoice dated 3/19/2010). Judgment filed against him on January 20, 2011.
MckMama later justifies nonpayment of invoice by stating that client didn’t pay MckDaddy, so MckDaddy couldn’t pay supplies company.

December 15, 2010 – MckMama sued for $27,114.73 for outstanding balance on repossessed 2007 Cadillac Escalade. Judgment filed against her on March 1, 2011.

September 2010 – Loses BlogHer ad contract due to plagiarism on blog.

February 15, 2010 – MckDaddy writes about “Seriously contemplating, with the help of a trusted financial adviser, the possibility of bankruptcy, we just wanted our problems to disappear.”

January 2010 – McKinney’s host a one week Caribbean MckCruise for interested readers.

November 2009 – Stellan undergoes ablation; corrects SVT.

August 28, 2009 – McKinney’s sign a $485,000, 5 year Contract for Deed on Becker house (including $30,000 down payment) with $3,300/mo payment terms.
[House specs: 4,162 sq ft, 4 bed / 5 bath, 2.5 acres, built 2006]

August 28, 2009 – MckDaddy gets his residential building contractor license.

Summer 2009 – Facing foreclosing on Mound lake house, McKinney’s stop payment and instead save money for down payment on new house. Mound lake house forecloses on July 9, 2009. They also “begin to be able to start supporting our family with money from my blog as well as continuing to support a handful of ministries, missionaries and charities.”

May 1, 2009 – IRS tax lien recorded in the amount of $52,207.33 for tax years 2006 & 2007.

Late Spring 2009 – MckMama adds advertising to her blog and “initially give all the money away to charities.”

April – November 2009 – Stellan in and out of ERs / hospitals with SVT episodes.

March 2009 – Stellan hospitalized with SVT.

February 2009 – Escalade repossessed by the bank.

January 2009 – McKinney’s fall behind in payments on Mound lake house.

October 2008 – Stellan born; no SVT issues.

August 25, 2008 – Second DV arrest.

July 2, 2008 – First DV arrest.

July 2008 – MckMama and MckDaddy find out about Stellan’s heart condition (in utero).

September 4, 2007 – MckMama’s sister Hilary moves her family (husband and son) from Illinois to Minnesota to occupy (and pay rent on) Mck’s Chaska house, essentially saving the day.

August 29, 2007 – MckMama signs purchase agreement for 2007 Cadillac Escalade.
[Terms: principal of $67,879.15 at APR of 7.69%, down payment of $13,000]

August 28, 2007 – MckMama hires a nanny named Karissa.

July 5, 2007 – MckMama mentions MckDaddy bought a boat.

June 15, 2007 – MckMama and MckDaddy move into the Mound lake house even though their Chaska house has not sold. [House specs: 2,500 sq ft; 3 bed/3 bath]

June 11, 2007 – MckMama mentions on her blog that she is busy interviewing girls for the nanny position she has available.

April & May 2007 – MckMama mentions several times her cleaning lady, Merly, who just also happens to be the “sometimes caretaker” of her kids.

March 19, 2007 – MckMama announces that the offer they put in on the Mound lake house was accepted.

March 14, 2007 – MckMama and MckDaddy decide to put their Chaska house on the market and make an offer on the Mound lake house. Chaska house does not sell; eventually forecloses in 2008.
[House specs: 1,431 sq ft; 3 bed/2 bath]

March 1, 2007 – MckMama quits her full-time elementary art teacher job.

June 2005 – MckDaddy’s construction business established.

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