Many people file bankruptcy every year. Here are the stories of two families that filed bankruptcy.

Every year thousands of people file bankruptcy and I am lucky enough to be able to guide a few of those people through the daunting bankruptcy process. I have recently been working on some advertising options and the marketing person from the advertising company asked me a simple question. "Who is your typical client?" she asked. As I thought, there is really no typical client. While many have similarities to one another, each case and circumstance is different.

Today I received two bankruptcy discharges so I thought I would share the story of those people.

The first discharge was for a young couple who recently moved here from out of state. After moving and finding a job, and while caring for their young child, they found themselves deeply in debt. They had a vehicle repossession, old unpaid tolls and various credit cards and personal loans. Many of the debts were several years old and had been transferred to various debt collectors. There was no doubt that they had made financial mistakes in the past but they weren't bad people. They were just folks who had fallen on difficult times and were ready to rebuild their life. I was able to help them with a Chapter 7 bankruptcy. I went through the couples bills, bank statements, tax returns and current paystubs. We determined that the best route for them was to file Chapter 7, get a new financial start and live on a budget they could maintain going forward. I helped them eliminate over $70,000 of debt. They can go forward and raise their child and have a happy life.

The Second discharge I received today was for a person trying to be a good partner. She was planning to get married but unfortunately she was carrying a lot of debt forward from her single life. While her future husband was aware of the debt and ready to take that on, she wanted to be responsible and resolve the debt prior to the marriage. In her case, most of her debt was accumulated during college. As with all my clients, I worked with her to find the best solution. We reviewed her credit report, bank statements, earnings records and other documents. Ultimately she was able to move forward with a Chapter 7 bankruptcy and eliminate about $74,000 of old credit card debt and personal loans.

Between these two cases I was able to help eliminate over $140,000 in credit card debt, medical debt, payday loans and signature loans. If you are interested in learning about how you can re-write your financial story, please schedule a free consultation with me.