What Now?


First of all… I can breath.  It’s like I have been holding my breath. 


An expensive lawsuit,  fourteen years of ridiculously expensive childcare,  high cost of living, bad real estate choices and a horrible economy were the major cause of my demise.  Poor saving and spending habits were significant contributors as well.

I just kept thinking that the economy would get better, that I would get a raise, that I could catch up.  I kept throwing whatever money I could at the debt load and then turn around to find that I needed something and I had no money!  I never created a safety net.

I am not 20.
I am not 30.
I am not 40.
I am 52.

No raises, No equity, Underwater mortgages, Debt load galore, and Aging with chronic illness.  That is a recipe for long term disaster.

There was no light at the end of the tunnel.  The stress alone could kill anybody.  In order to get back on track, I had to file.  I had no choice.

I have learned so many lessons here.  This BK will count.  I will be the poster child for Chapter 13 success.

I can now work for the 15 – 20 years, health permitting, be out of debt in 5 years, put some money away for emergencies,  retirement, a wedding or education or both. 

If this works, in 5 years, we will be able to move forward.  My daughter and I have both been given  a second chance.


What now?  I scrimp, I save, I blog my way through my payments, I keep my nose down, I put one foot in front of the other to the light!

Tomorrow, I’ll blog about  Student Loans & Chapter 13.


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