Four years ago I had a credit score on 740. $60k in available credit. 2k in usage. 19k in the bank.
Three years ago I had to change jobs and took about a 30% pay cut. After two years of being there I managed to expel all of my funds and rack up 30k in debt.
I consolidated and paid on that loan for a year. Car broke down, swipe. Utility bill way higher than budgeted, swipe. Need groceries for the family, swipe. Kids need school clothes, swipe. Health insurance premiums, swipe. Throughout that year I paid 2k off the loan even though my payments were $900/mo. Racked up another 20k in debt.
I completely gave up paying all of it. All of my income has been going to the household. Haven’t been able to pay for insurance. Had a bad neck issue and had to go to the er. 25k bill.
I spent two months filling out all of the schedules to file chapter 7 on my own. Most of the time I was just doing research on the laws around it all. Got pretty nervous thinking about all of the avenues that this could fall through on me. I sold off some stuff and saved what I could. Found and paid a lawyer last week. Filed on Monday and got notice today that my 341 is scheduled the end of August.
I’m nervous as can be but am praying that I catch this break and can put all of this behind me. I was a young father and was very stubborn about making sacrifices for my daughter. I worked hard to give her everything she needed. She deserves it, she is a really amazing person. I think about all the could have and should have but here we are.
Wishing the best to those in similar situations. Praying for relief and looking forward to moving into the next chapter of my life.
submitted by /u/Rothyn1
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