“Me file bankruptcy? No not me! Me, the one who always had perfect credit and always paid my bills on time? Me? No, not me! Why did this happen to me? What did I do wrong? Lord help me! Where are you? Why hasn’t God shown up and helped me out of this mess? I don’t want to do this!”
These are some of the words Theresa Royal, Author of Bankruptcy “Ain’t” Broke, thought when she learned she had to file bankruptcy. This straight talk book about bankruptcy and the lessons learned was a God ordered process. Theresa, an entrepreneur specializing in event planning, was forced to file bankruptcy in 2006 due to her putting her trust in one client, and not putting her trust in God. She had good credit all of her life but due to the unethical practices of this client, her finances spun out of control. In addition, she had never been late on her mortgage payments until her income was abruptly cut off. Even though she tried to work out a forbearance with the mortgage company, they accelerated the foreclosure process and she found herself in a situation where her home was about to be auctioned off within a very short period of time. After many phone calls for help from so-called friends and family, the last option was to file bankruptcy to save her home.
Theresa D. Royal, an entrepreneur with a degree in Small Business Management from Central Pennsylvania College, dispels the myths that everyone who files for bankruptcy has bad credit or is just trying to get out of paying their debts. Bankruptcy “Ain’t” Broke will give a true account about the struggles of bankruptcy and addresses this taboo subject, especially in the African American and Latino communities. It’s a subject that is often whispered about in minority communities but is discussed openly in other ethnic groups. Bankruptcy in most cases can help those who have no way out of a really bad financial situation.
Theresa is the owner of TD Royal Enterprises, LLC, the holding company for her event planning, real estate investing and other business ventures she is pursuing, and is the President of Entrepreneurs and Professionals Network (EPNET). which encourages individuals of all races and nationalities to pursue their passion of owning their own businesses. She plans to educate others about bankruptcy and is working on the sequel to Bankruptcy "ain't" Broke, which will be released soon.