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My Income Dropped But My Expenses Remained the Same. Help. – Jon

During 2010 my income dropped in half, but my family’s living expenses stayed constant. As result I’ve accumulated about $45,000 in debt. I paid off approx. $30,000 with an equity loan, but in this savage economy feel as though my debt will continue to increase. I thought of bankruptcy, however, I’m not sure how that would impact my agency and my partners. Your thoughts towards a solution would be greatly appreciated!

Jon

It’s time to put debt behind you and start dreaming about your life after debt. – Click to Tweet

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My Income Dropped But My Expenses Remained the Same. Help.   Jon
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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.
  • SeanDSLegalPlan

    Need way more info! What agency? Personal bankruptcy or CH11? In USA?

  • Anonymous

    Need way more info! What agency? Personal bankruptcy or CH11? In USA?

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