WASHINGTON – Five years after leaving the White House, President and Senator Clinton have managed to dig themselves out from under the millions of dollars in legal debt they accumulated fending off impeachment and an array of independent counsel investigations.

“They are both pleased it’s been paid,” a spokesman for Mr. Clinton, James Kennedy, said in an e-mailed statement.

The fresh start for the Clintons was made public yesterday as the Senate clerk released annual financial disclosure forms filed by senators last month. On her form covering 2004, Mrs. Clinton checked a box that indicated the couple had no significant debts.

A year ago, Mrs. Clinton reported that during 2003, Mr. Clinton still owed between $500,000 and $1 million to a Washington law firm, Skadden Arps. The firm is home to Robert Bennett, the president’s civil attorney in a suit brought by Paula Jones. The former first couple reported that their debts to another Washington firm, Williams & Connolly, and an Arkansas firm, Wright, Lindsey & Jennings, were extinguished in 2003.

Mrs. Clinton’s new filing reports that her husband’s income from speechmaking dropped sharply last year to $875,000. He had earned more than $4 million in 2003 and nearly $10 million the previous year.

Mr. Kennedy said Mr. Clinton’s paid speaking schedule was cut back in 2004 as a result of the heart bypass surgery he underwent and for other reasons. Last year “was an extremely busy year for him, between his foundation work, writing his book, on the book tour, recuperating from heart surgery, and preparing for the library opening,” the spokesman said. “He’s more in demand than ever, but most requests have to be turned down.”

Mr. Clinton was paid $250,000 by Citigroup for a speech delivered in Paris in March 2004 and $125,000 by Goldman Sachs for a speech in December, among other appearances.

Under Senate rules, the amount of Mr. Clinton’s income from his memoir, “My Life,” does not have to be publicly disclosed. Mrs. Clinton did report $2.3 million in royalties on her book, “Living History.”

Just after Mr. Clinton left office, a now-defunct legal defense fund for the Clintons reported that the couple had incurred legal bills in excess of $11.3 million. The fund covered less than $8 million of that tab.

The Clintons asked the government to reimburse them for $3.5 million of the legal fees related to the Whitewater probe, but a federal appeals court ruled in 2003 that the couple was entitled to just $85,000 in compensation.

As part of a deal with the independent counsel who took over the expanded Whitewater investigation, Robert Ray, Mr. Clinton agreed not to seek reimbursement of the legal fees he incurred relating to the impeachment or his relationship with Monica Lewinsky.

In the new report, Mrs. Clinton said the couple has at least $5 million in a joint account at Citibank and at least $5 million in a blind trust.

Senator Schumer reported a far more modest financial picture. Mr. Schumer and his wife reported a net worth of between $250,000 and $725,000.The forms report only a range of values for each investment. None of those held by the Schumers exceeded $100,000, and nearly all of the investments appeared to be in bank accounts and federally backed bonds.

“I’m surprised it’s so conservative. I’m surprised it’s not focused on the tax implications of the investments,” said a Manhattan-based financial adviser, Gary Schatsky. “I think he’s banking on a lucrative speaking career. That’s where I’d be going with that kind of portfolio.”

A spokesman for Mr. Schumer, Israel Klein, said the senator’s conservative investment choices were a matter of “personal preference.”

While the reports for each of the New York senators amount to no more than half a dozen pages, the disclosure filed by Senator Kerry of Massachusetts extends to 73 pages and offers intense detail about the investments held by various trusts associated with Mr. Kerry’s wife, Teresa Heinz Kerry.

The report indicates that on February 20, 2004, one of the Heinz trusts sold more than $1 million worth of Wal-Mart stock. The sale came three days after Mrs. Heinz Kerry delivered a strongly worded speech in Minnesota in which she said of Wal-Mart, “They destroy communities.”

The attack drew a scathing letter from Governor Huckabee of Arkansas, Wal-Mart’s home state.

The following month, a spokeswoman for Mrs. Heinz Kerry, Christine Anderson, told the Cleveland Plain Dealer, “She did not own Wal-Mart stock at the time she made those comments.”

A spokesman for Mr. Kerry, David Wade, said yesterday that he did not have information about the timing of the sale or the reasons for it.

Mr. Kerry’s financial report also indicates that in May of last year, another trust connected with his wife bought a block of Wal-Mart stock worth between $100,000 and $250,000. Less than a month later, the trust sold the stock for an amount in the same range.