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.
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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.