On the Ramsey Show - Highlights YouTube channel, the finance professional provided recommendation to Margie on how she may get out of debt.

The 40 years outdated and her husband had been $145,000 (round £120,000) in debt with a £22,000 earnings.

The pair wished to know if they need to file chapter and begin recent.

The couple had been despatched a letter from a bank card firm requesting pressing motion.

In concern, Margie spoke with debt reduction attorneys, who urged submitting for chapter.

READ MORE: 'Shock to the system!': Dave Ramsey staggered as woman, 29, is £800,000 in debt

The couple defined to Mr Ramsey that that they had $34,000 (round £30,000) bank card debt, $11,000 (round £9,000) in automobile loans and a joined debt of $100,000 (round £80,000) in scholar loans.

Their annual earnings is $28,000 (round £22,000).

Margie defined that their earnings is low as a result of her husband is the one one working as she suffers from anxiousness.

Mr Ramsey defined the scholar loans couldn't be cleared so if the couple had been to file for chapter, they'd solely be clearing the $34,000 (round £30,000) bank card debt, because the automobile mortgage additionally wouldn't clear.

He stated: “You guys are starving to death with that income and bankruptcy will not fix your income problems.”

“I’m not shaming you but you have an income issue. I’ve been there. There was one year I only made $6,000 (around £5,000).”

Margie defined her husband works as a porter in a automobile dealership driving automobiles round.

Mr Ramsey defined the couple’s debt was not their challenge, however their earnings issues. He urged they would want to discover a method to herald extra money, or would proceed to battle. They “need a miracle”, he defined.

He urged a aim they each can aspire to.

He stated: “For me to help you have a good life a decade from now, I need to paint a picture that gets rid of the stress around the bankruptcy.

“Can you imagine what it would feel like in your home if you guys made $60,000 (around £50,000) a year with no debt? That’s where I want you to go.

“There are a lot of things that need to happen before you can live that dream I set out.”

The finance professional warned her that residing on her husband’s earnings alone shouldn't be sustainable in the event that they need to stay a debt-free life.

Margie’s husband would both want to choose up one other job, or she would want to attempt to discover work. He urged a distant job if she has anxiousness when seeing others and going exterior.

Mr Ramsey stated: “The advice you were given from a professional was self-serving advice on their part. These are things that are disturbing me, you’ve been given the wrong advice. No, you’re not bankrupt just ignore that. We need to get you on a budget. The main thing is that we get your household income up or you’re not going to make it.”