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Escaping a $6 Million Debt

Barbara was a real estate developer drowning in a $6 million debt. With her attorneys telling her to file for bankruptcy, she refused. See the bold move she made to reduce the debt by 97% in just a few years. Read Transcript


Reporter: BARBARA'S

SUCCESSFUL REAL ESTATE

DEVELOPMENT COMPANY

CLOSED ITS DOORS WHEN

THE MARKET DRIED UP IN 2007.

WHEN THE MARKET CRASHED,

I WAS SITTING WITH 36

PROPERTIES AND ABOUT

$6 MILLION IN DEBT.

MOST OF THAT WAS IN REAL ESTATE

AND ABOUT 10% WAS

IN CREDIT LINES.

IT FELT LIKE THE WEIGHT OF

THE WORLD ON ME.

EVERY NIGHT I WOULD GO TO

BED CRYING.

Reporter: BUT BARBARA

SAYS SHE WAS MAKING A BIG

MISTAKE IN BUSINESS LONG

BEFORE THE BOTTOM FELL OUT

OF THE MARKET.

THERE IS A BOOK I READ

THAT SAID IF YOU EVER GET IN

A DIFFICULT SPOT, IT IS THE

RIGHT THING TO BORROW.

EVEN IF YOU HAVE TO BORROW

PERSONALLY.

BEFORE LO LONG, THAT THE

WAY OF BUSINESS FOR ME.

Reporter: WITH

$6 MILLION IN DEBT, SHE HAD

NO WAY TO PAY BACK

CREDITORS.

HER ATTORNEY SAID THERE WAS

NO WAY BUT TO DECLARE

BANKRUPTCY.

BUT BARBARA HEARD A

DIFFERENT MESSAGE.

I STARTED LISTENING TO

PAT ROBER ROBERTSON, AND I

THOUGHT, I'M GOING TO TRUST

HIM.

Reporter: HER FIRST

STEP WAS TO START GIVING.

WITHIN A FEW YEARS, HER

TOTAL DEBT WAS REDUCED BY

97%.

I DO BELIEVE GIVING MADE

ALL OF THE DIFFERENCE.

I BELIEVE THAT WHERE WE PUT

OUR MONEY IS WHERE WE PUT

OUR FAITH.

THE BIBLE SAYS WHEN WE GIVE

TO THE LORD, HE SEES THAT.

HE GIVES GOOD INTEREST, YOU

KNOW.

Reporter: IN 2011,

BARBARA BECAME A CBN

PARTNER.

THAT'S ONE OF THE REASONS

I GAVE TO CBN, BECAUSE I

FELT THE SPIRIT LEADING ME

TO DO THAT, BUT, ALSO, I SAW

WHAT GOOD WAS COMING FROM

THEIR FOCUS.

Reporter: TODAY BARBARA

IS ALMOST DEBT-FREE AND

DETERMINED NOT TO REPEAT THE

MISTAKES OF THE PAST.

I REALLY BELIEVE THAT

WHAT GOD HAS SHOWN ME

THROUGH THIS, EVEN IF IT IS

A TIME OF NEED, THAT IS

ACTUALLY THE BEST TIME TO

GIVE.

IT IS THE GREATEST

OPPORTUNITY FOR THE GREATEST

RETURN.

HE TAUGHT ME SO MUCH ABOUT

HIS GRACE, HIS UNMERITED

FAVOR AND UNDESERVED

BLESSING.

GOD WANTS TO BLESS US WHEN

WE GIVE TO HIM.

WE CAN'T OUTGIVE GOD.

EMBED THIS VIDEO


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