The man who once referred to himself as a "troubleshooter" clearly did not take his own advice regarding finances.

Last week, the advice guru filed for Chapter 7 bankruptcy, listing a serious amount of debt. While he does have $1.37 million in assets, the man managed to rack up nearly $78 million in debts to a variety of creditors. While that figure is high, he is already contesting it by stating that his debts are actually closer to $36 million.

The man who once gave financial advice to listeners on the radio found himself unable to make a deal with one of his creditors. As a result, he was forced to file for Chapter 7 bankruptcy. Had he been able to work out a compromise, the man said he believes he could have avoided bankruptcy altogether. When asked where the trouble began, the financial expert spoke about real estate investments that went awry.

If you're moving forward with Chapter 7 in Houston, contact the Malaise Law Firm now to discuss your options with a knowledgeable Houston bankruptcy attorney from our law office. We can provide you with advice and representation so you can get back on track with your finances.