She left him with a 700,000 dollar mortgage and 85,000 worth of credit card debt.
They were a two earner couple with twin Mercedes with car notes.
The wife makes about twice as much as him being the administrator of a large community business.
He has a very good attitude and told me jokingly that his credit score was zero after filing for Chapter 7.
However,he is getting all kinds of credit card offers and the local car dealer/salesman called to say he had a hell of a deal on a new Lexus.
Several credit card companies will give a recently-bankrupted person a $300 limit on an unsecured, but high-fee, credit card.
It’s actually a good way to re-establish yourself. The companies charge such high fees to start with, they figure they have little to lose issuing the card. Besides that, a person can’t file bankruptcy again for 7 years, so they can’t walk away that easily.