General InterestARE you struggling with debt problems and have thought about filing for bankruptcy but are unsure if it’s the best option for you? Over the last 12 years, I have counseled and helped thousands of individuals in debt. From what I’ve seen, most people suffer for years in debt when they could have obtained relief sooner if they just took the time to find out what bankruptcy was really all about. Oftentimes, these people listen to advice given by well-meaning family and friends but in so doing, only make their situation worse instead of better. Why? Because most of the time, the advice they get is based on misconceptions about bankruptcy. Relying on incorrect information can be disastrous to your financial health.
Let me get one thing straight: If you are currently struggling with debt and one or both of the following statements are true- (a) your total liabilities exceed your total assets, (b) you cannot meet your financial obligations as they become due- you are ALREADY deemed insolvent or bankrupt. Now, you may be in denial about it. You may refuse to accept this reality. But you will never get anywhere with your debt problems unless you accept things AS THEY ARE, not as you wish they had been. You need to wake up and smell the coffee.
The Philippine Heritage Institute International, a private foundation, will celebrate its 20th anniversary on October 31 at the Sheraton Hotel in downtown Los Angeles."In the wake of natural disasters affecting our kababayans, we at PHI feel that we have to go on with our tradition of recognizing individuals, who through their careers, personal endeavors and volunteer work have contributed to the enhancement of community life," says Naomi Palma-Armada, PHI founder and executive director. 
