“the business enterprise expanded and developed quickly and had been fairly successful [but] very quickly we realised also cash did not make me personally pleased.
“we began to spend more and much more to locate joy. I happened to be residing a life beyond my means – maybe perhaps perhaps not tax that is paying time, maybe not having to pay VAT on time, generally overspending into the home, way too many breaks.
“I think it may have now been extremely effective for me personally. if it absolutely wasn’t”
After 2 yrs Mr Mycock had no option but to get into liquidation in which he had been declared bankrupt. He claims there is a misconception it is a effortless means of wiping debt clear.
“this isn’t the way it is. Usually the financial obligation will follow you or still be handed down to your partner, my partner in this situation. We nevertheless had to spend the income straight right back.”
‘Bold, revolutionary’ action
In the long run, it had been going to Alcoholics Anonymous that helped Mr Mycock. “we remember experiencing really frightened, accountable, ashamed, broken,” he claims. “The consuming got worse and my health that is mental suffered. I really could perhaps perhaps not see any way to avoid it, life seemed useless at that moment.”
After getting their life right back on course he embarked on a brand new profession in the church. He’s now the vicar of Bentilee, where lots of into the community you live with debt. Read More