Filing for Bankruptcy was something that I never dreamed would “happen” to me. I worked hard to pay my bills and seldom even had a late payment. My husband made a good
. Life was good.
Then one day I found myself in the middle of a messy divorce and
about my soon to be ex-husband’s gambling problem. I ended up with $15,000 in
card debt (my half) and only one income. I had 2 small kids and made just enough to pay the mortgage, utilities and keep food in the house.
For 5 years after the divorce I paid the bare minimum to the
. That got me nowhere… I paid nothing but interest and the balances seemed to grow instead of shrink. We had no disposable income. I ended up selling my house because I just didn’t make enough to pay everything. My parents had to start helping me make ends meet by buying school clothes for my kids. I stopped answering the phone because it was always a bill collector on the other end – and they were nasty. I felt like something was going to give… me. I felt hopeless. I was never going to be able to dig myself out of this.
Then someone suggested Bankruptcy Chapter 7. I was horrified. But after much thought and a consultation with a bankruptcy lawyer I realized that it was not only a good option; it was my only option if I wanted to get my life back on track. It was a difficult decision, but putting my pride aside - filing was the best decision I ever made. Just a couple of months after filing I was able to start rebuilding my credit and my life. I had a fresh start. I will never regret my decision to file.
I realized that Bankruptcy did not mean I was an irresponsible person. This experience showed me I had the courage to take action, to resolve a huge problem. Bankruptcy gave me my life back.