We Started a Business and Now Face Bankruptcy
The Ramsey Show Highlights
Ramsey Network
4.5 • 838 Ratings
🗓️ 16 August 2024
⏱️ 8 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 0:06.6 | So my husband and I, we started a trucking company in 2022. He was the owner-operator previously. |
| 0:14.0 | And since we started the company, we just kept losing money. And now we're at the point where we have everything maxed out, |
| 0:23.4 | all our credit cards, business credit cards and personal. |
| 0:27.5 | We have a truck loan and we had a claim that wanted to go into court, |
| 0:34.2 | but they kind of backed out for now. |
| 0:36.1 | We have two, um, few, um, companies that actually need their payments as well. |
| 0:45.6 | Um, so that's our situation right now. |
| 0:47.8 | And we, we don't know if we should be filing bankruptcy or if we need to figure |
| 0:53.3 | something out because we really don't want to file |
| 0:56.1 | bankruptcy but it's just that everyone's calling us you know scary yeah very very scary |
| 1:02.8 | so right now we have two little girls and how old are your babies? One's about two months. |
| 1:11.4 | One's just turned four. |
| 1:13.2 | Wow. |
| 1:15.0 | So what are you guys? |
| 1:16.1 | 28? |
| 1:18.1 | We are in our 30s, early 30s, 32 and 33. |
| 1:22.4 | Okay. |
| 1:23.1 | All right. |
| 1:24.4 | Okay. |
| 1:26.8 | So he's still running the company, right? |
| 1:30.4 | So for now, we had to shut down because our insurance was just costing way more than we were making. |
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