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My wife and I filed for Chapter 13 last month and just made our first payment. 

The last 30 days have possibly been the most humbling I can ever remember.  I’m not sure I can fully describe my story in one message or even one conversation. The story, like the event itself, built over time until it was too late to fix. 

We lived in Chicago after I graduated from law school and we lived above our means from day one.  We had the money to make the payments each month and the career path pointed upward.  I’m not sure we ever put our arms around the amount of debt we were carrying, just that we kept making payments and believing that the income and/or profit from house sale would catch up. Read the rest of this entry »