Stories of the Indebted
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Jorge Newbery was once $26 million in debt. He needed a way out. When one of his creditors made a sloppy legal mistake, he battled them all the way to the Missouri Court of Appeals – and won. Newbery then applied what he learned to his other debts. One after another, his debts were either settled or gone forever.
Today, Newbery shares what he discovered with others crushed by unaffordable debts. He is the founder and CEO of American Homeowner Preservation and DebtCleanse.com, both dedicated to helping debtors escape from the financial nightmares he faced.
In Stories of the Indebted, Jorge recounts the heartbreaking financial tales of regular Americans struggling with unaffordable debt. Along the way, he imparts strategies, tools, and techniques to settle debts at big discounts and start a path towards debt-free living. Newbery shows how debtors can take control and regain the most important thing they’ve lost: hope.
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Jorge P. Newbery is a successful entrepreneur, distressed debt and real estate investor, endurance athlete, and author. He turned around some of the country's most troubled housing complexes in amassing a portfolio of 4,000 apartments across the USA from 1992 - 2005. However, a natural disaster triggered a financial collapse in which he lost everything and emerged over $26 million in debt. He never filed bankruptcy. Instead he developed strategies to gain leverage over creditors to settle debts at huge discounts, or simply did not pay them at all. He is a veteran of dozens of court battles, once fighting a creditor to the Missouri Court of Appeals. The entire debt (over $5,800,000) was inadvertently extinguished due to sloppy legal work.
As an athlete, Newbery raced bicycles for a living from 1986 - 1990 as a Category 1. He competed in the 1988 Olympic Trials and was 4th in the Spenco 500, a nonstop 500-mile bike race televised on ESPN. He also raced for the Costa Rican National Team in the Tour of Mexico, was 2nd in the 1987 Southern California State Championship Road Race, plus held the Green Jersey in the 1987 Vulcan Tour. Newbery also runs and has completed over 70 marathons and ultramarathons. In 2012, he was the overall winner of the Chicago Lakefront 50K. At 46-years-old, he was double the age of the 24-year-old second-place finisher.Today, Newbery helps others crushed by unaffordable debts rebuild their lives. Jorge is Founder and CEO of American Homeowner Preservation (AHP), a socially responsible hedge fund which purchases nonperforming mortgages from banks at big discounts, then shares the discounts with families to settle their mortgages at terms many borrowers find "too good to be true." Jorge's response to the nation's mortgage crisis creates meaningful social and financial returns for investors, while keeping families in their homes. AHP's mission is to facilitate win-win-win solutions for homeowners, investors and lenders.
"Burn Zones: Playing Life's Bad Hands" is Jorge's autobiographical account of how he was pushed to his physical and mental limits during his time of strife, and how he overcame the challenges he faced. Jorge's latest book is: "Debt Cleanse: How To Settle Your Unaffordable Debts For Pennies On The Dollar (And Not Pay Some At All)," which provides step-by-step help for families overwhelmed by debt.
Jorge is a regular contributor to Huffington Post and other publications, and speaks regularly on debt, investing, finance and housing issues.
