Hey guys,
When I was 25, life was hell and I filed Chapter 7 Bankruptcy. I had over 100k in debt from absorbing some of my mother’s debts (100% my choice), helping a friend pay for cancer treatments, and bad spending habits.
I filed in 2016 and worked on changing my spending habits (not having to absorb any more debt and no other friend’s with cancer helped haha), worked on my career, and kept as positive an attitude as possible.
Today, I am sitting on a 832 credit score, have tremendous net worth, and am close to achieving FIRE. I have a wonderful woman I am getting prepared to marry, and I have effectively retired my mother (my father is a bum, she’s divorcing him right now).
I will say that a career in SaaS Enterprise Sales and some insane luck in Pokemon card flipping contributed, but looking back, filing for Chapter 7 was what kickstarted everything.
In my culture – and in society as a whole – bankruptcy is viewed so negatively… but it is possibly the best choice I have made in my life.
For those of you thinking about it and in a dire situation where you cannot pay off large debts… strongly consider it!
submitted by /u/ElevatorNo4253
[link] [comments]