|November 24, 2014||Comments Closed|
Frank and I made a decision to go bankrupt last year after selling our business. It was all starting to get on top of us. We had invested in property pretty seriously in and around the Bendigo area over the past ten years, and one thing lead to another where we ultimately had to sell the entire portfolio because the market prices of the houses just kept decreasing. It got to the point where we owed the credit union a lot of money and had no rental income to cover it. As I reflect now I realize we probably should have acted quicker when things started to deteriorate, but you hope things will get better. Bankruptcy Experts Bendigo gave us some very good advice, as it was a really nervous time for us and we have never not paid an expense in our entire lives. Bankruptcy Experts made us feel comfortable. It’s weird, but bankruptcy has been one of the best things for our marriage. We live 100% debt free, and we are even saving some money. We will buy another house for our old age, but at this time we are just enjoying each day as it comes.