System of Debt Relief

By Emancipation Network

System of Debt Relief
Don’t Suffer in Silence

In recent years we have seen a disturbing increase in the number of people trapped in financial bondage. For example, people with good credit for buying a car have decreased from 70% to 30% of new car buyers. The housing crisis has left many people in underwater home loans and more and more young people cannot earn enough to pay their student loans. At the same time Congress has reduced bankruptcy protection available to wage earners and students. Add in a dismal employment climate, and many have become slaves to The Money System.

We say enough is enough. So, through the Internet, we’re making our System of Debt Relief available to everyone to set people free and help them get back on the path to a successful life.

If you are like most people, a money problem can be so personal and so devastating that you feel like you must keep it hidden from your family and friends. Fear of being branded a failure and becoming a social outcast throws a dark shadow over your life. Even places which should offer a helping hand, like your church, may instead offer condemnation and guilt. It’s almost easier to confess to an STD than to a money problem.

To be sure, there are complex financial, legal, moral, and spiritual issues which come from money problems. And most people, especially those who have never experienced a money problem, do not have the knowledge or temperament to help you. Then, of course, there are vultures looking to rob you of what little you have left. It’s a jungle out there.

But if you stay isolated and frozen by fear, you will never make it out. You must get moving.

You Are Not Alone

You may feel like you are alone in the howling wilderness, but in fact you hare in the company of millions of Americans. Over 70% of them have bad credit for auto purchases. As many as 50% are underwater on their homes. The number of unemployed and underemployed are at the highest level since the Great Depression. Even the government has had its credit downgraded. It seems that the whole country is awash with money problems.

Even so, it is little comfort that there are many other lost in the financial wilderness. The good news is that there are those who have gone before, finding pathways like financial Daniel Boones and killing bears like financial Davy Crockets. In fact, many of the most successful people in America have fought through money problems, losses, and bankruptcy to come roaring back. The wilderness was where they learned the secrets to success.

We like to point to the life of the Great Emancipator, Abraham Lincoln, to show how to build a successful life. Like many of us, Lincoln suffered a financial catastrophe which left him deep in debt. History records that after the Panic of 1837 his creditors took his assets from him on more than one occasion. Nevertheless, Lincoln pulled himself together and increased his earning power by becoming a lawyer. He married, bought a home, and after he had built his life earned the nickname “Honest Abe” by finally repaying his debt several years after. Then, using the lessons he learned in the finical wilderness, he achieved his destiny as one of our greatest presidents.

We believe that you can get free from debt and build your life just like Abraham Lincoln did.

• Language: English
• Publisher: Phillip L Scheldt
• Release date: Jul 30, 2012
• ISBN: 9781452448466

Emancipation Network

The Emancipation Network is a non-profit organization designed to help people get free from financial bondage and build a successful life on the foundations of faith, family, and financial freedom. Our roots go back to the Savings and Loan Crisis of the late 1980’s, when we brought together a group of crisis veterans and began to reach out individually to those in financial distress. Since that time we have used the System of Debt Relief to help over a thousand individuals on a pro bono basis. We also used the same principles to help clients work through over a billion dollars in problem debts. In recent years we have seen a disturbing increase in the number of people trapped in financial bondage. For example, people with good credit for buying a car have decreased from 70% to 30% of new car buyers. The housing crisis has left many people in underwater home loans and more and more young people cannot earn enough to pay their student loans. At the same time Congress has reduced bankruptcy protection available to wage earners and students. Add in a dismal employment climate, and many have become slaves to The Money System. We say enough is enough. So, through the Internet, we’re making our System of Debt Relief available to everyone to set people free and help them get back on the path to a successful life.

Book preview

System of Debt Relief

The Emancipation Network

Copyright by Emancipation Network 2012

Published by Praise River Production Corp. at Smashwords

This eBook is licensed for your personal enjoyment only. This eBook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

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Table of Contents

Chapter 1 - You Can Become Financially Free

Chapter 2 - Gain Control

Chapter 3 - Know Your Adversary

Chapter 4 - Find Out Where You Are

Chapter 5 - Bring Income and Expenses into Balance

Chapter 6 - Negotiating Reduced Cash Payments on Debt

Chapter 7 - Is Bankruptcy for You?

Chapter 8 - Protect Your Family and Friends

Chapter 9 - Dealing With the IRS

Chapter 10 - Test Your Plan

Chapter 11 - Put Your Plan into Action

Chapter 12 - Making Financial Freedom a Reality

Appendix

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System on Debt Relief Introduction

"Always bear in mind that your own resolution to succeed

is more important than any other one thing."

Abraham Lincoln

Congratulations!

By purchasing the System of Debt Relief, you have taken the first and most important step in gaining control of your financial life. Using the System you will achieve freedom from debt by developing your personal Debt Relief Plan.

Your next step consists of gaining an understanding of the System. It may look complex, but you can put the System to work for you quickly as you begin to study the material contained in the Workbook.

Foundations of Debt Relief Chapters 1-3

The System of Debt Relief Chapters 4-9

Making Your Plan a Reality Chapters 10-12

Appendix, Containing Four Sample Plans

In addition, on the Emancipation Network website, there is a Forms section containing blank forms for your use in preparing your Debt Relief Plan, and a Comprehensive Example to help you develop your plan available after purchase of the book.

Before beginning your in-depth study of this material, you should read the first chapter and flip through the Workbook to gain an impression of the overall System. The Workbook is designed to be both educational and useful as a reference later. There is more material in the Workbook than most people need, and it is not necessary for the user to memorize the material in order to be successful. A quick walk through the Workbook will show you the areas which will be of interest to you (The link to the workbook is located on the last page of this book and available after purchase).

The Foundations of Debt Relief’ contained in the first three chapters of the Workbook should be studied next. The key concepts will quickly emerge and you should not feel the need for extensive study of the material. At the end of each chapter is a ‘Workshop section which will enable you to begin putting your own Debt Relief Plan together. In the first three chapters the material and the ‘Workshops" are primarily conceptual in nature, laying the foundation for the development of your Plan.

Your actual Debt Relief Plan is developed in the System of Debt Relief from Chapters 4 to 9. You will be taken step by step through a process which will allow you to prepare your personal Debt Relief Plan. Material in Chapters 4 - 6 is of general application, while Chapters 7 - 9 cover special situations. You need only use the information which is pertinent to your personal situation.

If you are not comfortable working with numbers, you will be relieved to learn that many people can solve their debt problems without extensive financial analysis. But if more detailed work is needed, by following the step by step process, you will be able to successfully master the numbers! You will find that it is easy when you know what you are doing. In order to help you a Comprehensive Example is available on the Emancipation Network website to illustrate how to assemble a Debt Relief Plan. If you are looking for a quick overview of the process, the Comprehensive Example could be studied prior to Chapters 4-9.

Once you have developed a Debt Relief Plan, you must carry it through and make is a reality. The problems you will face are described in Making Your Plan A Reality in Chapters 10-12. We will show you how to find people who can help you with your Plan, and prepare you to deal with your lenders.

Don’t feel like you are in a race to get your Plan completed. Take the time to understand and carefully think through your course of action. If you are under heavy pressure read the Identifying Emergencies section in Chapter 4. You will find that your lenders can wait a few more days while you put your Plan together.

At the same time, do not lose another night’s sleep worrying about your finances. Find the answer to your specific questions in the Workbook. Study the first three chapters to get the foundational principles. Once you have seen the light you will know that you can gain control of your life and you will sleep like a baby.

The hardest part is getting this far. It’s downhill from here.

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Chapter 1

You Can Become Financially Free

We have developed Debt Relief Plans for people who owe a few hundred million dollars and people who owe a few thousand dollars. It has been our experience that there is a path leading to financial freedom which can be followed by everyone.

We have developed our System of Debt Relief to show you the path and to help you get started down that path. We don’t expect you to believe that it is easy. But we want you to know right at the start that based on our experience, there is a way for you to escape from debt and become financially free.

Take a minute and read through Sample Plan 2 in the Appendix. That man had over $150,000 in debt and could barely pay his rent. Yet he was able to implement a plan which called for debt payment of only $259 per month and turn his life around. If he can do it, so can you.

Yes, you can become financially free!

UNDERSTAND YOUR OBJECTIVE

To understand the System of Debt Relief, the first thing you need to learn is that just getting out of debt will not solve your problems. Most people can get out of debt by declaring bankruptcy, but they will still be in slavery to financial problems. What you really need is financial freedom.

You might be surprised to learn that most people don’t really understand what it means to be financially free. They work and slave thinking that if they can just make a little more money they will have it made. But the boss who works late to pay for his BMW is just as much a slave as the clerk who works late to pay for his Honda. Income level has very little to do with financial freedom.

Some people think that financial freedom can be found in the things they have. If they dress right, have the right kind of car, live in the right kind of house, take the right kind of vacation, and eat the right kind of food they will be successful. They are suckers for fads and advertisers can manipulate them to buy almost anything. The truth is that you can control your desires and own your things or your desires can control you and then your things will own you.

Another popular lie is that you can borrow your way to financial freedom. Instant gratification can be yours; they tell you, if you rush right out and get that new credit card. Rising income and inflation made this story seem plausible for a while, but most of you are very familiar by now with the dark side of debt! Debt leads to slavery and poverty; it is saving that lead to freedom.

Financial freedom starts out as a state of mind. You learn to control your desires and as you move to take control of your life a feeling of peace and contentment settles in. The outward manifestations of financial freedom become evident as you begin to control consumption and save money. As time passes the state of inner security you feel from achieving control of your life becomes an outward reality as your savings mount to provide financial independence.

It’s a little like going on a diet. First, you make up your mind that you are going to lose weight. On the inside you become thin: you think like a thin person, and you eat like a thin person. Pretty soon outside reality will begin to follow, and you will become thin on the outside as well. What you are on the inside will determine, sooner or later, what you are on the outside.

Your objective is to remove the stranglehold of debt on your life so that you may move into financial freedom. Let the outward manifestations of financial freedom, such as material possessions, take second place to the achievement of financial freedom itself. If you value your things more than your freedom, you will probably lose both. Pursue financial freedom, and its outward manifestations will follow.

You can achieve debt relief if you will determine to make freedom your objective

THE SYSTEM OF DEBT RELIEF

Consider the situation faced by young Midwesterner whose business had failed, leaving him holding the bag owing a debt the size of a home mortgage. Several lenders had sued him and had even had his transportation repossessed. He could have run away but he decided to take