A friend contacted me about the debt problems he has. While I know a lot about investments and alternative investments, I’m not an expert with defaulting on debt and the legal issues that come along with it.
I figured a great way to help my friend was to contact my fellow Yakezie members and ask for their expertise. Any advice or suggestions to my friend is greatly appreciated. Please comment on this post and help my friend out.
My Friend’s Story
My friend has been a computer programmer for over 30 years. With only a high school education he started in the mail room (literally), and worked his way up to the position he is at now. His income is in the low six figures, has no dependents, and lives in a New York city borough. He rents, and the only decent sized asset he has is a truck which is worth approximately $700.
Around the middle of 2007, he suffered a massive depression. Nothing he did seemed to work in getting out of it. He sought out help from friends and family, but no one was able to help him. He started to see a therapist, but wasn’t helping much either. Another friend of his, who had bouts of depression, suggested he see a doctor. Eventually my friend went to see the doctor, and received medication for his depression. Read More
