Core Insights - A couple from Ohio is facing significant financial challenges, with a total debt of approximately $1.1 million, including $628,000 on their house and additional debts ranging from $500,000 to $600,000 [1][7] Financial Situation - The couple's combined income was around $230,000, but they are now dealing with a job loss and tax issues [1][3] - The husband, previously earning about $120,000 annually, recently lost his job, which has exacerbated their financial difficulties [7] - They owe the IRS $56,000 and face a lien on their home due to unpaid taxes [7] Debt Breakdown - The couple's debts include: - $628,000 on their house, which is valued between $770,000 and $800,000 [8] - $80,000 in student loan debt for the husband and $45,000 for the wife [8] - $129,000 owed on two cars [8] - A $45,000 debt consolidation loan [8] Financial Management Issues - The couple has no emergency fund, leaving them vulnerable after the husband's contract ended [5] - They have struggled to live within their means despite their high income, leading to chaotic financial management [2][7]