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Bankruptcy relieves marriage stress for Illinois couple in debt


Since coming out of bankruptcy, the couple has learned how to budget and are working to rebuild their credit. With time and effort, they hope to one day refinance their mortgage in order to move.


While debt can certainly put a financial burden on a couple, it can also alter their personal lives in a positive way. This fact was detailed extensively in an article for USA Bankruptcy Guide in which an anonymous writer from Illinois talked about how he accumulated more than $70,000 in credit card debt after marrying and buying a house with his wife.

“Because of my excellent credit, I had several cards with high available balance,” the author wrote. “We began to use the credit cards for larger purchases for our house, such as: new deck, fence, couches and bedroom furniture.”

Though this would have worked well had all gone to plan, the writer's wife quickly lost her job and had to take up a new position for less pay. As a result, the couple struggled to keep up with their minimum payment obligations.

Finally, the writer came to a point where he determined that bankruptcy was the only option. It was then that he decided to speak with a representative of a bankruptcy firm in his home state. This professional was able to provide him with the bankruptcy information he needed to finalize the process, after which the couple was able to keep major assets like their home and vehicle.

Since coming out of bankruptcy, the couple has learned how to budget and are working to rebuild their credit. With time and effort, they hope to one day refinance their mortgage in order to move.

“My wife is now pregnant with our third child. We feel that we now have control of our finances and if we still had the debt, there was no way we could [refinance], buy a new house or add another baby to our family,” the writer says.

At Atlas Law Firm, we specialize in helping those who are struggling under the burden of debt right their finances. To find out how you can take similarly beneficial steps today, call our offices at 1-763-568-7343.


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