Need some advice--my husband and I were realtors (2004 to 2011, I'm still licenced), had 5 rental properties in three states and a home that was $200k upside down due to a negative am loan and a second. In 2010, we filed bankruptcy. The same year, we both got into insurance.
Fast forward to now, we're getting divorced, splitting our book of business and starting fresh. I've moved out and moving on. We've made some dumb decisions on marketing, expensive mentorship programs, leads, business travel, etc. In order to recover, we're considering bankruptcy again. He's keeping the house, but there's no way to get out from under the debt load. We tried a new agency model in January and worked night and day in it till we separated in June. It didn't pan out.
My question is, how will carriers view two bankruptcies? Both were due to very different causes and personal. However, I don't want to jeopardize my business and livelihood. Any thoughts would be appreciated.
Fast forward to now, we're getting divorced, splitting our book of business and starting fresh. I've moved out and moving on. We've made some dumb decisions on marketing, expensive mentorship programs, leads, business travel, etc. In order to recover, we're considering bankruptcy again. He's keeping the house, but there's no way to get out from under the debt load. We tried a new agency model in January and worked night and day in it till we separated in June. It didn't pan out.
My question is, how will carriers view two bankruptcies? Both were due to very different causes and personal. However, I don't want to jeopardize my business and livelihood. Any thoughts would be appreciated.