Well folks - doesn't look like filing will be in my future. And that's ok.
My husband, not hearing back from the dude selling his business thought he must have already sold it. Turns out he didn't. So looks like my husband is going for it. Hence, I posted prematurely last night.
He's got the fire in his belly for this. And I think he'll do good.
It's pretty much a turn-key operation and there is no doubt he'll make money. This will put me over the median for our state so I won't be able to file. He wants us to pay back everything although that prospect is daunting to me. I've tried so hard in the past to pay back everything and was never able to manage it. Maybe he'll do well enough that we'll actually be able to swing it. I should be jumping for joy but I was sort of hoping for that 'fresh start'. My husband is being very noble but I'm not sure how noble he'll be when he starts seeing all his money going to the credit cards. While he benefited from some of the debt, I'm not sure that he won't resent this after a while.
On the practical side though - this is good because since I work for a corporate entity - the reality is I could loose my job at any time. We both need to be making money.
We think it's smart that since his mom is loaning him the money, they are going to make out a loan agreement (for the equipment), so that if this thing backfires - at least the equipment will be secured.
I've learned so much on this site and you guys have all been so great. I'm not ready to say goodbye, so I guess I will just be a contributer where I can. (sorry for sounding so melodramatic in this post, I just have very mixed feelings about everything.)
My husband, not hearing back from the dude selling his business thought he must have already sold it. Turns out he didn't. So looks like my husband is going for it. Hence, I posted prematurely last night.
He's got the fire in his belly for this. And I think he'll do good.
It's pretty much a turn-key operation and there is no doubt he'll make money. This will put me over the median for our state so I won't be able to file. He wants us to pay back everything although that prospect is daunting to me. I've tried so hard in the past to pay back everything and was never able to manage it. Maybe he'll do well enough that we'll actually be able to swing it. I should be jumping for joy but I was sort of hoping for that 'fresh start'. My husband is being very noble but I'm not sure how noble he'll be when he starts seeing all his money going to the credit cards. While he benefited from some of the debt, I'm not sure that he won't resent this after a while.
On the practical side though - this is good because since I work for a corporate entity - the reality is I could loose my job at any time. We both need to be making money.
We think it's smart that since his mom is loaning him the money, they are going to make out a loan agreement (for the equipment), so that if this thing backfires - at least the equipment will be secured.
I've learned so much on this site and you guys have all been so great. I'm not ready to say goodbye, so I guess I will just be a contributer where I can. (sorry for sounding so melodramatic in this post, I just have very mixed feelings about everything.)
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