Latest Posts
Home > Ask The Get Out of Debt Experts > My Husband is Disabled and We Can’t Afford Our Home Business Anymore. – Jennifer

My Husband is Disabled and We Can’t Afford Our Home Business Anymore. – Jennifer

“Dear Steve,

My husband is disabled, and we have a home retail business that is suffering tremendously. We have about $35000 in credit card debt due mostly to our business. We have never had a late or missed payment, but we cannot afford the minimum payments on these cards anymore. We have cut everything out of our budget that we possibly can. We are only paying for necessary utilities and food. I also have a student loan that I pay every month, and my husband has a court ordered child support that we cannot afford to pay. We basically are living on his social security disability and have 3 children.

Thank you for taking the time to answer our questions.

My questions are:

1. What would be our best option for handling our inability to pay our debt?

2. We live in Arizona and own our home. No mortgage or liens. Can we lose our home? If so, how do we avoid that?

3. Is there a way to prevent bill collectors from calling our friends and family?

Jennifer”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

Dear Jennifer,

It sounds like even though you have not missed a payment or been late that the business has been running negative for quite some time. Up till now it’s just that you managed to hide that by using the cards to make ends meet when they otherwise wouldn’t.

Ultimately what you need to do is to click here to find a local bankruptcy attorney to talk to.

Here are the answers to your questions:

1. What would be our best option for handling our inability to pay our debt?
A. Bankruptcy is the most logical solution since there is no expectation the current income will ever be able to remedy the debt the only real option is bankruptcy.

2. We live in Arizona and own our home. No mortgage or liens. Can we lose our home? If so, how do we avoid that?
A. Discuss this with the bankruptcy attorney when you talk to them.

3. Is there a way to prevent bill collectors from calling our friends and family?
A. Yes, step up and deal with the unmanageable debt. The only reason friends and family are getting calls is because you are potentially not taking creditor calls and have not addressed the problem. After you file bankruptcy the collectors and creditors may not call anymore.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

Big Hug!

My Husband is Disabled and We Cant Afford Our Home Business Anymore.   Jennifer
Get Out of Debt Guy – Twitter, G+, Facebook

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.