<p>My H lost $300,000. It involved hiding things from me and signing loan notes in his own name and not the name of the business. This made me responsible for his debt. We have too much home equity to file for bankruptcy.</p>
<p>He lost the money in his business (not gambling, drugs, or spending), but he made extremely foolish decisions (against my counsel of course) to bring him to that pass.</p>
<p>I had choices to make.</p>
<p>I could have divorced him
Sold his business
Locked him up and turned him into my slave
Tortured him every day of the rest of our marriage.</p>
<p>I was extremely shocked and hurt, especially because this was less than a year before D had to go to college, and I’m sure it’s obvious that this destroyed my plan for paying for it.</p>
<p>After I got over the initial shock I fired the accountant who H owed a lot of money to. He tried to do a hostile take over. I contacted other accountants, lawyers, bankruptcy lawyers. H was too demoralized to do much but sit in the corner looking like the proverbial deer in the headlights.</p>
<p>I kept the business; remortgaged the house, fired the staff, made the financial decisions and cried. A lot. Especially about college.</p>
<p>Three years later D is at Barnard; S is at Williams. Both are doing very well. D earns all her own spending money doing work study. S just doesn’t spend money in Williamstown (I wonder why, haha.)</p>
<p>H is doing fairly well in the business. Staff is now just him and one part-time asst. He is not earning a barrel of money, but he is earning.</p>
<p>Debt is down to about $75,000.</p>
<p>Kids are on financial aid, which is not what I wanted, but at least they are getting the experience they need.</p>
<p>I am teaching too much. Six courses instead of four; two over the summer instead of swimming. I won’t retire until 70 I’m sure. D is going to England for semester abroad; can’t afford to go visit.</p>
<p>But I still have my very comfortable five bedroom house in a town I love. I love my nine year old car; it’s a Saab. I “vacation” by seeing D in NYC (too close to have to stay over) and S in Williamstown (where we don’t actually have to but often do.) </p>
<p>I am not religious at all. I don’t believe people should just “stick it out”. I don’t know why I made the decisions I did. For one thing, I thought it would do unrepairable damage to kids to see their father psychologically, financially and emotionally destroyed. I love them.</p>
<p>I’ve also evolved, don’t ask me how, into a bit of a Buddhist who doesn’t see the material conditions of life as all that important, with the exception of the kids’ schooling. Some guardian angel was certainly watching there because both kids are at their first choice schools, perfect for them, and thriving.</p>
<p>Maybe I’m older than most folks here. I’ve had a lot of “action” in the past and am not too interested right now. I don’t mean I’ve lost interest in the physical stuff, but the emotional world of being in love and all that seems very sweet and young to me.</p>
<p>Here is a person I know. He’s my friend. He has problems, more than I do, but he cares for me and can do some things I can’t. We’re a family.</p>