Scary way Aussie went bankrupt after teacher insult

Liz Porter, 54, who has bought a home after being bankrupt in her 20s.

---

An Aussie IT manager has detailed the startling string of events that led her into bankruptcy and how she managed to turn things around and become a successful investor and homeowner.

Liz Porter was told she would never amount to anything and, by her 20s, was spiralling – emotionally broken, flat broke and branded a failure by the very people meant to guide her.

Today, at 54, she stands tall as an IT manager in Australia’s health sector and a proud homeowner in Melbourne’s Docklands, an impressive feat considering she was once bankrupt.

She said the chain of events that led her into this situation could happen to anybody, but at the time she felt ashamed.

“I…