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Chemist sweeps and mops floors to clear overwhelming debt

Many times, a person will try to keep credit card debts a secret from his or her spouse. However, usually one will have to eventually reveal the overwhelming debt problems to one’s family in Texas or in any other state. This is what one husband was forced to do after the family’s credit card debt had reached unmanageable levels.

His wife was surprised to learn that he owed $89,000 in total debt on 11 credit card accounts. The family’s financial problems began when the wife decided to leave her part-time job in order to begin a family in 1994. However, the couple did not make any financial adjustments required to address the decrease in household income. Nine months later, the wife ended up giving birth to twins, which meant double the expected expenses.

Although their financial situation looked bleak, the couple was determined to overcome their credit card debt problems. By this time, the husband had also taken out an additional personal loan, which brought the total debt owed to $106,000. The husband, who was working as a chemist, began a second night job sweeping and mopping floors in a nearby grocery store. He did this for four years and even slept inside his car at night in order to avoid having to spend additional money on gas.

The couple eventually rid themselves of their overwhelming debt from the credit card bills. However, for those who are not so fortunate in Texas or elsewhere, there are still options available. One option is to file for a personal bankruptcy in order to obtain some debt relief. A Chapter 7 bankruptcy has the ability to discharge all unsecured debts, including credit cards.

Source: MarketWatch, "How one couple wiped out a $125,000 debt", Quentin Fottrell, June 27, 2014

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