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Financial Recovery From Failure and Bankruptcy

Owning a business is challenging. Losing a business and filing for bankruptcy is even worse. That’s what happened to Mike and Sue. They struggled to see a way out, but then found the advice they needed to succeed. Learn what they did that ... ... Read Transcript


Reporter: MIKE AND

SUSANNE LOVED OWNING THEIR

OWN ITALIAN RESTAURANT IN

BINGHAMTON, NEW YORK.

PEOPLE STARTED COMING AS

SOON AS WE OPENED.

BUSINESS WAS GREAT.

I REALLY LOVED IT.

I LOVED SERVING PEOPLE.

IT WAS A LOT OF FUN.

Reporter: THE COUPLE

KNEW HOW TO MAKE COSTUMERS

HAPPY, BUT NOT HOW TO MANAGE

THE FINANCES.

THE RESTAURANT CLOSED.

MIKE AND SUSANNE HAD TO

DECLARE BANKRUPTCY AND LOST

EVERYTHING THEY OWNED IN THE

PROCESS.

WE FILED BANKRUPTCY IN

THAT TIME PERIOD TO KEEP OFF

THE I.R.S. AND THE SALES TAX

PEOPLE.

WE RAN OUT OF MONEY, AND

WE WERE IN DEBT SO DEEP.

IT WAS LOSING MY HOUSE AND

WALKING AWAY IN SHAME.

WE HAD NO INCOME, AND WE

WEREN'T GOING TO HAVE A

HOUSE AND WE WEREN'T GOING

TO HAVE JOBS.

SO IT JUST WAS A DARK TIME.

A BAD TIME.

Reporter: THEIR PASTOR

GAVE THEM HOPE THAT THEIR

FINANCES WOULD BE RESTORED

IF THEY WOULD BE OBEDIENT TO

GIVE GOD 10% OF THEIR

INCOME.

AT FIRST THEY WERE

SKEPTICAL.

HOW COULD I START

TITHING?

HOW CAN THIS BE TRUE I WOULD

START TITHING ON $50 A WEEK

AND PAY MY BILLS AND GIVE

GOD 10%.

AND HE SAID, MIKE, IF IT IS

HARD FOR YOU TO TITHE ON A

LITTLE, YOU WON'T TITHE ON A

LOT.

THAT REALLY MADE AN

IMPRESSION ON ME.

IF I COULD TRUST GOD WITH

WHAT I HAD, I COULD BEGIN

TITHING.

Reporter: THEY BEGAN

TITHING ON SUSANNE

UNEMPLOYMENT.

AND THEN MIKE HAD AN IDEA, A

SANDWICH DELIVERY BUSINESS.

THEY TITHED ON THE INCOME,

AND THE SANDWICH DELIVERY

BECAME A BIG SUCCESS.

IT GREW.

IT GREW FROM ONE ROUTE TO

TWO ROUTES TO THREE ROUTES,

TO A COUPLE HUNDRED

BUSINESSES WE WERE SERVICING

OUT OF OUR HOUSE.

GOD PROVIDED THE THINGS WE

REALLY NEEDED.

Reporter: BEFORE LONG,

THE BUSINESS BECAME A

FULL-SCALE CATERING

COMPANY.

PEOPLE STARTED ASKING US

FOR CATERING EVENTS, AND

LARGER CATERING EVENTS, AND

BEFORE WE KNEW IT, WE WERE

DOING JOBS THAT OTHER

CATERERS IN THE AREA WANTED,

AND WE WOULD GET.

WHEN I DID GET MORE MONEY, I

DIDN'T SQUANDER IT.

Reporter: MIKE AND

SUSANNE ALSO GIVE TO CBN.

I GIVE TO CBN BECAUSE I

BELIEVE THEY'RE A TRIED AND

TRUE MINISTRY.

THEY HAVE BEEN AROUND FOR A

LONG TIME.

GOD HAS USED THEM MANY

WAYS.

I SEE ALL OF THE WORK

THEY'RE DOING, AND I THINK

IT IS A MINISTRY AFTER GOD'S

HEART.

Reporter: TODAY THEIR

CATERING IS THRIVING.

THEY OWN SEVERAL OTHER

BUSINESSES IN THEIR

COMMUNITY AS WELL.

MIKE AND SUSANNE ATTRIBUTE

THEIR SUCCESS TO GOD'S

FAITHFULNESS, AND THEIR

OBEDIENCE TO GIVE.

I REALLY BELIEVE WHEN I

STARTED TITHING, WHEN I

LEARNED THAT PRINCIPLE OF

TITHING, I BELIEVE THERE WAS

A TRANSFORMATION IN MY MIND

OF HOW I THOUGHT ABOUT

MONEY, THAT IT WASN'T MINE

ANYMORE, THAT IT WAS GOD.

AND THAT I WAS ABLE TO JUST

BE ABLE TO USE IT.

WE NEVER STOPPED.

BECAUSE I WAS ALMOST AFRAID

NOT TO TITHE BECAUSE I LIKED

THAT COMFORT OF KNOWING GOD

WAS IN CONTROL.

FINANCES ARE REALLY NO BIG

DEAL FOR HIM.

HE CAN FIGURE IT OUT FOR

YOU.

IF YOU DON'T HAVE THAT

PRIORITY THAT GOD IS THE

OWNER OF EVERYTHING AND

YOU'RE JUST A STEWARD, YOU

CAN GET ALL MIXED UP.

EMBED THIS VIDEO


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