hey guyz
my first topic on these forums...
ok im gonna get straight to the point. a fellow buddy of mine and his family are sinking in debt. lemme tell you the reason why. an idea struck to his dad to start a basement renovation out here in toronto. now the problem is he wasnt able to find a good partner. and the insurance company rep he was getting all the contracts from bailed out on him and ate some of his money. he used his credit cards to finish off the remaining projects. but by the time he was done. he was abt $70,000 in debt. he's a really close friend of mine and i was wondering if you guyz can suggest any solutions to recover from the debt. although i know its not going to be an overnight job unless he wins a lottery. my buddy, and both his parents work. but they're unable to make ends meet and clear this debt. they're having a hard time tryin to pay the mortgage and all the utility bills.
any suggestions for this?
every penny of advice will most likely help.
thx alot guyz