Hardie & Kelly RebuildRebuild

At 64, I was looking forward to retirement.  But with my wife gone, I couldn't keep up with the loan payments.



Thomas had five credit cards and two loans. He was 64 years old and had gone into debt when his wife was alive and they had two incomes. Now he couldn’t afford to maintain the payments.

His home had negative equity, as he had taken out secured loans in the past to consolidate other debts, and he still had $18,000 of debt from unsecured loans.  Thomas decided to file for bankruptcy and was able to start over.  His pension income was below what he was allowed to earn, and he paid $200 per month for nine months.