Is Bankruptcy Our Only Option?

The Ramsey Show Highlights

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 838 Ratings

🗓️ 7 March 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	brought to you by the every dollar app start budgeting for free today all right becca is up next in
0:07.9	orlando becca how are you doing i'm good thank you thanks for taking my call sure what's going on
0:15.4	i'm just checking in um well last week my husband's bank account was garnisharnished, and we found you guys in the Ramsey
0:22.7	show after trying to figure out what to do.
0:24.7	And we're just wondering if bankruptcy is our only option or how to proceed.
0:29.7	Oh, gosh, Becca.
0:31.1	What's the situation?
0:32.3	What's going on?
0:34.7	Well, it was about eight years ago that he had a car repossessed, and that was before we were
0:40.7	together and he didn't realize that there was further action that needed to be taken at that
0:45.0	time.
0:46.0	So then last week, his, we had, well, we just were married a year ago and we finally merged
0:51.4	our bank accounts and everything over, so thankfully the account that is garnished didn't have anything in it because we combined
0:58.8	everything on my side.
1:00.7	So they try to drain an empty bank account?
1:03.6	Correct.
1:04.3	So we can still pay our bills because they didn't garnish our shared account through a different
1:08.7	bank, but we don't have enough in savings to pay for
1:14.1	the amount that we believe is owed. Okay, how much is owed?
1:20.1	$9,000. $9,000. Okay. How much you guys make a year?
1:27.6	About $89,000.
1:30.3	Okay.
	...

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