What is currently the best ways to discharge debt?

Hello all,
I have a question for those well versed in discharging debt. Without going into too much detail, I have a very good friend of mine who is a mighty man of God who has planted many churches all over the world and done many great works. He is now in a very bad position financially no fault of his own and has been taken advantage of.

A "regular bankruptcy" won't pull him of this mess. I have no other option but to learn and teach him how to discharge his own debt as he has gone blind and can't do the research and learn on his own.

Just like many other people who have come on here looking for help and of course time is of the essence. I know it is going to now be a lifetime work for me and him to learn to live a life free and stay free in Christ as no man can serve two masters.

My life is not my own and I will do whatever it takes to learn the process, as long as it takes. I know I need to learn to manage and defend myself as well he must himself. Satan nor any system can't touch this mighty man of God as Satan was defeated 2000 years ago as they have no authority nor power over him or those in Christ unless we give it them.

Here is my question: What are the opinions of those on this board are some of the best methods start this journey as well maybe those who might be able to help along with the materials that are best to learn from?

God Bless,
1InChrist

[charlesa6]

1inchrist, welcome to the forum!
You want to elaborate more about the "regular bankruptcy" won't pull him of this mess.
There are no magic bullets, you have to do research, and study some of this material @ members download section for more detailed.

thanks charlesa6,
What I meant by "regular bankruptcy" was chapter 7 or 13. Yes I know I am going to have to study and then some probably for the rest of my life. My question is what materials do I study that actually work? Where does one start and what path does one go to be free?

[Shoonra]

Probably the "best way to discharge a debt" is to pay it off, in full, with money.

Some people, here and elsewhere, have focused on a purported distinction between paying a debt and discharging a debt. The distinction is now mostly worn away. Paying a debt with money is the primary means - certainly ought to be the intended means - of discharging it.

The distinction, such as it is, is that a debt might be "discharged", either fully or partially, with something other than money. And, unlike a money payment, a discharge might be invalidated, the debt reinstated, in certain unusual circumstances.

Bankruptcy is, or was, one way of discharging a debt -- but (1) the debt could be revived, for example, if the debtor wanted something again from the creditor who wouldn't let him have it without a commitment to pay the original debt that was already covered by the bankruptcy, or, another example, if for some reason the bankruptcy decision (or at least the part relating to this particular debt) was somehow overturned in a subsequent court order; and (2) under the new amendments to the Bankruptcy Code, it is now almost impossible for a debtor to have his debts completely discharged and he may still be required to pay a large portion of them as part of his reorganization.

A debt might be discharged, fully or partially, if the creditor is willing to accept something other than money payment, such as merchandise, work, investment shares, etc. The creditor's consent is necessary to this alternative. Even this might be overturned if it is discovered that whatever the debtor gave as a substitute for money was itself later found by the creditor to be defective, esp if the debtor knew it was defective but concealed that fact from the creditor.

[Judge Roy Bean]

The simple answer is pay it off, but there are always situations in which that may not be possible.

Depending on your conditions and circumstances, bankruptcy may or may not be a viable option. As Shoonra mentioned, there have been changes in the bankruptcy code that make things more complex.

One thing far too many people fail to take into consideration in getting rid of debt, particularly when they negotiate a settlement with a creditor, is the creditor will issue a 1099C form to the IRS for the amount of forgiven debt. That the IRS views as ordinary income to you, and as we all know, they are notoriously persistent in going after people who owe substantial amounts.

I've seen cases where victims settled out of court with lenders and didn't take the tax implications into account. For example, let's say you've been battling with a lender and finally they agree to a settlement out of court. They agree to back out all the bogus late fees, charges, etc., and you're back to where the account should have been when they started screwing with you. Sure enough, at the end of the year, they issue a 1099C for all those amounts they agreed to back out, and depending on your income bracket, you're on the hook to the IRS for a percentage of that.

Keep your eyes wide open when you swim with the squaliformes.

[palani]

Debts under Law are Extinguished.

Debts under Color of Law are Discharged.

Which system of Law is being discussed?

If your friend is a religious person he might go the the party he owes the debt to and asked to have his ear bored. Voluntary slavery is still permitted.

Otherwise there are enough apologists for the new world order on site for someone to actually define the term 'money'.

[idknow]

Originally Posted by 1inchrist

Hello all, I have a question for those well versed in
discharging debt. Without going into too much detail, I have a very good friend
of mine who is a mighty man of God who has planted many churches all over the
world and done many great works. He is now in a very bad position financially
no fault of his own and has been taken advantage of.

A "regular bankruptcy" won't pull him of this mess. I have no other option but
to learn and teach him how to discharge his own debt as he has gone blind and
can't do the research and learn on his own.

Just like many other people who have come on here looking for help and of
course time is of the essence. I know it is going to now be a lifetime work for
me and him to learn to live a life free and stay free in Christ as no man can
serve two masters.

My life is not my own and I will do whatever it takes to learn the process, as
long as it takes. I know I need to learn to manage and defend myself as well he
must himself. Satan nor any system can't touch this mighty man of God as Satan
was defeated 2000 years ago as they have no authority nor power over him or
those in Christ unless we give it them.

Here is my question: What are the opinions of those on this board are some of
the best methods start this journey as well maybe those who might be able to
help along with the materials that are best to learn from?

God Bless, 1InChrist

First of all, respectfully to the disciple you refer to, he is the one who
should be here reading and learning.

If he is not so saavy at using a computer then it's time for him to learn, he
is the one that needs to repent of using debt.

the best method is to walk in the light completely; no straying into shadows.

next, is to learn; Sun Tzu said "know thy enemy" and that is completely congruent
to the word of our father in heaven.

If you are saavy with computers, teach him quick and show him how to get here.

any other questions?

[idknow]

Originally Posted by palani

Debts under Law are Extinguished.

Debts under Color of Law are Discharged.

Which system of Law is being discussed?

If your friend is a religious person he might go the the party he owes the debt to and asked to have his ear bored. Voluntary slavery is still permitted.

Otherwise there are enough apologists for the new world order on site for someone to actually define the term 'money'.

Shroona and Roy Bean are both members of the problem and do not offer solutions.

[Leiahi]

Originally Posted by idknow

First of all, respectfully to the disciple you refer to, he is the one who
should be here reading and learning.

.... teach him quick and show him how to get here.

any other questions?

Yeah, idknow, did you read the post correctly?

as posted by 1inChrist
A "regular bankruptcy" won't pull him of this mess. I have no other option but to learn and teach him how to discharge his own debt as he has gone blind and can't do the research and learn on his own. (emphasis mine)

Welcome 1inChrist. Not to dispair, your answers are forthcoming by competent witness'. You will learn fast, and work fast. Count on it. Read the pages herein and you will find what you need.

[mystic one]

Im laughing so hard at this thread i am crying..

Id not know, did you hear what the poor man said, he said his friend is blind and can not do the research. Obviously you did not research his comment well enough or your college degree would have ascertained what he was trying to say.

Maybe you could offer his blind friend a "Brail Version" Of SuiJuris.net, I feel this is the best way you can do your "tithing for blind people" this week.

any questions???