Category Archives: Legalities in Tax

Why We Had to File for Bankruptcy

No one ever plans on getting in over their heads when it comes to money. Sometimes, it is just because of poor decisions, and other times it is because of unfortunate luck. For me, it was a combination of the two. When I was younger, I did make some foolish decisions when I got my first well paying job. I maxed out my credit cards, and then learned later about the high interest costs of doing that. That isn’t why I had to consult a Sacramento bankruptcy lawyer though.

I also had some unfortunate luck. My wife was diagnosed with cancer about six years after we were married. She had to quit her job, which really hurt us. I had been in the process of getting back on stable footing at that point, but all of that went out the window when we lost her income. Instead of paying high interest credit cards off though, we were now spending our money on medications, deductibles, and the bare necessities. She had some complications, and we both knew that we were going to have to do something before the stress overtook both of us.

We had talked about bankruptcy before, and we had tried everything in our power to avoid that. We finally decided that we had to put ourselves first, and that is when we contacted a bankruptcy attorney. It was a lot easier than I thought it would be, and I give all the credit for that to our attorney. He was very compassionate to what we were going through, and he put us at ease as he explained the different options that we had. He was able to guide us through the process with our pride intact, and it has made such a difference in our lives. I am so happy knowing that my wife doesn’t have to worry about that part of our lives anymore!