Part 6/8:
Unsurprisingly, Jose is contemplating bankruptcy as a solution to his deepening fiscal predicament. He stated that he sought advice from a bankruptcy lawyer, who recommended waiting a year to file to avoid complications. During this time, Jose hopes to stabilize his financial situation through better job opportunities and possibly selling some assets, including one of his vehicles.
Currently, he is weighing the financial ramifications of potentially getting a cheaper car while facing imminent repossession of his Tesla. The psychological implications of making poor financial decisions further exacerbate the situation. The questions remain: Can he break the cycle? Can he revamp his financial habits before it's too late?