Many of you know we invested in a landscape company several years ago with some friends. Kenny and another partner were primarily responsible for the books, and another partner was responsible for managing the company and crews.
All was well for about a year, but after several setbacks, the company began to struggle. Long (dramatic and emotional) story short, ultimately our business partners decided to walk away from the company, leaving us responsible for a company we had neither the time (Kenny was already working full time, and still going to school), money, or know-how to run as well as the majority of the debt in our names. We closed the company. But, because the creditors still want to be paid, and will soon want to sue us (for money we don't have), we have to file for bankruptcy on all the business debt. Unfortunately, a portion of the debt was equity in our home so we need to include the house on our bankruptcy. After meeting with our lawyer, we have been advised this is our best option.
We are sad it has come to this, but we have lived in our home for over 6 years, and our boys continue to grow, so we have also outgrown our home. Fortunately, there are many nice rental homes out there, and we have found one that will be a better fit for our family and will provide us the opportunity to restart and rebuild. We signed the lease agreement and are officially MOVING the first week of March. The best part is, the rent is less than our mortgage now! The home is located in Highland Ranch, near Power and Guadalupe and is only about 10 minutes away. One good thing is since the kids go to a charter school, they don't have to change schools!
This has all happened so quickly! But everything has just fallen into place so specifically, and we have come to realize when that happens there is a purpose. We know better than to fight it. We have decided to have a positive attitude about the situation, and move forward with faith. We are so grateful for the support and love of our family and friends over the past year and for the chance to start over and have learned MANY hard lessons in this process, but we believe we will be better in the end.
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3 years ago
12 comments:
Wow! We are going to miss you guys a lot!! We have enjoyed having you in the ward and will miss you. We hope that everything works out for your family and that all will be well. Let us know how we can help.
What Highland Ranch!!!!! Right across the street from me. Ya, that will be great. Maybe you anc be my friend. You sure have been out on luck. Things will pick up. I am happy for you, sad for you all the above. Now...let's get Mindi to move by us! Deal. Maybe you all will be my friends and spark my social life.
Wow! Your family will definitely be missed. All those handsome boys of yours, what will we do without them? You will keep in tough, yes?
Man, Michelle, that is crazy! I will miss you, but then I was going to miss you anyway. If you need boxes, let me know. I know where to get them free!
What a mess to have to deal with. I'm sorry you've had such a rough go of it. If there is anything we can do to help, let me know. We can help pack or watch kids, or both, or whatever you need. We'll miss you, but understand life is life and we have to go with the flow!
Later you will need to give the address to your new house so we can send you a card in the mail!
I'm so happy to hear you got the house! Yea! Closer to us!:) Jakers can see "My McKay" more often! Love you guys! Let us know how we can help!
Hey I am so sorry it had to come to this. I wish things would have turned out differently for you guys. It is exciting and sad at the same time. I am glad it is not to far away. Aubree is going to be very sad to see you go!
I am so sad that you are leaving. At least you will still be close by and I am sure we will get to still see you. You will be missed a lot! Hey at least your getting a bigger house right? Hang in there. If you need anything let me know.
That house looks great. I am gonna try to plan on coming down at that time b/c it is our spring break so I can help you do stuff...clean, sort, decorate etc...whatever you need. Yah, send us the address too. You guys will be fine, this I know!
We are sad to hear about you having to move. I will see you now and then.. good luck with everything.
Oh yeah, don't forget to take a picture of your old house and post it so you will have one! Yes, just because!
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