Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

6 of 6
BACKNEXT
Found work and is debt-free
Found work and is debt-free
John Ahrens, 43, lives in Brooklyn, N.Y.
Name: John Ahrens
My recession ended: March 2010
Location: Brooklyn, N.Y.

I had mounted $40,000 in debt, having been forced to make mortgage and car payments on credit cards because my employer was nearly six months behind on paying me. I searched for another job for over a year with no success. I was virtually unemployed and my home was valued at $100,000 less than what I owed on it--now it's in a short-sale.

I filed for bankruptcy and moved to New York, and after six months, I found work at a non-profit energy conservation organization funded in large part by stimulus money. Because of the bankruptcy, I am free of credit debt. I don't even have a credit card, and I am enjoying a cash-based lifestyle.

More galleries

Email | Print | Share
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Last updated April 26 2010: 5:18 AM ET
More Galleries
Banned! 10 things you won't find in China China says it wants to open its economy more to the rest of the world, but Beijing keeps a tight grip on technology and access to media. These 10 items are still off limits. More
A morning at the AltSchool, an education startup that Silicon Valley is crazy about The AltSchool is a system of "micro schools" and an education software maker that has raised about $133 million from investors like Andreessen Horowitz and Mark Zuckerberg and Priscilla Chan's philanthropic fund. More
Coolest cars for $18,000 These are the best budget cars, according to the experts at Kelley Blue Book. More

Special Offer