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A New Hope

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The Good, The Bad, and The Ugly



My wife and I were recently married and were blessed with our first child together. We have come this far by trying to out-earn our bad habits and mis-management (to varying degrees of success).


Let us begin with the good.

  • All bills are current
  • Emergency fund of $2500
  • No car loans
  • Committed to the budget (YNAB)
  • Two (2) good sources of income

The bad (her)

  • Approximately $13K in credit card debt
  • Approximately $23K in student loans

The ugly (him)

  • Chapter 13 Bankruptcy (4.5 years remaining)

The only other debt we have is $124K on the house.


In the words of Captain Jean Luc Picard, "The line must be drawn here! This far, no further!"

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I (thankfully) don't know much about bankruptcy... by 4.5 years, does that mean you have to make payments for 4.5 more years or is that how long it remains on your credit report?  If it's payments, is there an option to pay early?  

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