Scott became ill with a serious medical condition and was not able to work for an extended period of time. Scott also had a wife and 3 children all under 10 years of age. Scott and his wife rented the house they were living in. In the lead up to and during his illness Scott had accumulated credit card debts and personal loans of approximately $230,000.
Scott was becoming more and more stressed by collection agencies engaged by the various credit providers.
Upon discussing Scott’s financial position we assisted him in entering into voluntary bankruptcy and acted as his Trustee in order that he could get a clean start – which meant that the credit card debts and personal loans were quarantined in the bankruptcy.
Scott’s medical condition is now well under control, he is employed and moving forward with re-establishing their financial health.