I have a long sob story guys. I apologize. Maybe it just helps to ramble a bit. The story helps explain my question & position. My story feels unique. I could be wrong. When I was in my early 20's, right out of high school really, I started a business with a business partner who was in his late 40's. Old church friend. He found investing in what I was doing to be worth a look. I trusted the guy and it was fine for years. Business grew, we made money. I "made" enough money that my annual income was high enough where my cost of healthcare was about $350/m. Still crazy expensive, but that was the lowest cost I could find.
Ok, so I kept it for a while. (He told me to bill it to the company credit card) Years pass by, business starts hurting. Business partner was doing a lot of spending I didn't quite understand. I was production, creative director, everything else, he was money, and sales for the most part.
Soon after we hit the bottom of the money bucket. He allowed us to spend every dime of many credit accounts we had. From vendors, to banks to more. I couldn't believe it. It didn't make sense to me because we were still in business, still had sales, still had money coming in.
Idiot, young me suggested he retire from the company (he talked about it for a long time before). I figured maybe without him it would bring down some of the major payroll expenses (his), and some poor money spending habits. He jumped on the idea in a heartbeat and within a month, he had a lawyer, wrote up contracts covering his butt for all debts, and putting them on me. Dumb-ass me signed them thinking how much I wanted to hang on to the business.
So after, I hit the ground running. I paid back tens of thousands of dollars of debt. I canceled my health insurance to pinch every penny I could. This lasted about 2 years before we had a major slow season, and I just didn't have the financial backup to get through it. Meanwhile my wife left me, leaving me emotionally and physically just exhausted.
I sold the business for the amount I thought I had left to pay off. Well over $150k. This was before I was 30. (At least from my research, I thought this would start me off clean)
New owner payed me 50% down, and then the rest month to month. I used every dollar to pay debts. My tax returns reported that money as part of my income, during which, I was still working. But to pay back all these people, I was paying more and more. Health insurance wasn't even a possibility. I was paying debts out of my paycheck and more.
Come to find out, there were MORE accounts with MORE money I owed that I wasn't even aware of. It's been OVERWHELMING.
2 years of the payments have come to an end in January, and because of financial hardships at work, my pay has been cut in half the same month.
I just found out in January my Mom has terminal cancer probably won't make it past this month. The pain is unexplained.
Last week my old business partner showed up at work my work, and said he needs to sue me because I can't pay him anymore. I'm sure there are vendors and more who are out to sue me at this point because I just couldn't pay them off.
I'm so spent and I think it's hurting me physically. Health insurance at this time would be so helpful. I have major panic attacks. Debilitating. I don't sleep, and I haven't seen a doctor in a clinic or hospital for years.
Does anyone have some ideas? January 1st my monthly income DRASTICALLY decreased. I used health.org to see a doctor yesterday, who couldn't help with my panic attacks and sleeping because they legally can't prescribe sedatives or things like that, but helped with some ongoing bronchitis, which is at least one more issue taken care of. It cost me over $200 for that and the meds, and now I'm sucked dry.
I'm the oldest sibling, my Dad is crushed and at home with my Mom is hospice, and my Brother and Sister are looking to me for direction and I'm doing all I can, but the ongoing panic attacks, the financial hardship, and the thought that my Mom is dying... damn. It's hard.
TL;DR Started biz when 19/20yo. Had biz partner... (& in my opinoin) screwed me leaving me with over $150k debt, my wife cheated and left me, finally got divorced in 2016. Jan 2017 found out my mom has terminal cancer... weeks left. 2 weeks later biz partner threatened to sue me, and with all the ongoing debt, and pain, major panic attacks and health issues, but can't afford help. Meanwhile 2016 tax returns show I made a lot of money. (all paid to debt).
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