Category: Debt

Life After Bankruptcy Modest Money6 Comments

bankruptcy

The following is a post by Sara Stringer. If interested in submitting a guest post please read my guest post policy and then contact me.

This is the story of Jane Grant (name changed to protect her privacy) a divorced mother of two from San Diego, California. As is the case with many women, the divorce had a negative impact on her finances. She and her ex-husband were barely getting by as it was, and the divorce pushed things over the edge. Although she received child support, her divorce settlement did not include spousal support and without their combined income, she started having trouble paying all of her bills.

After consulting a San Diego bankruptcy attorney, she decided to file Chapter 7. The bankruptcy eliminated a lot of her debt, and gave her the opportunity to start over, but it also presented a new set of challenges.

In an earlier post, we talked about the five causes of personal bankruptcy. Now we explore Jane’s experience of rebuilding her life after bankruptcy.

Getting Over the Stigma

There is a lot of guilt and shame associated with bankruptcy. Even though the combination of high unemployment rates and a sluggish economy…

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This entry was posted in Debt, Financial Advice, and tagged , Modest Money6 Comments
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