My wife have some friends with seriuos debts from nothing, just bought some <deleted> on credit for 10-20 years… She dont understand why they never seems listen to her, she tried to explain 1000 times about the debt trap.
One friend have made bankrupcy, next year she is finally free I am told.
She had a mortgaged home too, which she was forced to sell at a loss of course, the balance didnt cover even half of her debts so she filed for bankrucy. That process took about 2 years. Then into a period of about 5 years can not own anything, had to rent a small rathole and drive for Grab with no official income. Now she starts to see the light at the tunnel.