Welcome to
loader image

Art Of debt Management

A Reference Guide For Your Optimum Debt Solutions.

The Keys To Release The Shackles Of Debt

International author of the book “Art of Debt Management”, Debt Management Expert, successful entrepreneur, artist and Certified/Registered NLP coach Liv Babra rose from personal loss to thriving businessman. Liv is now dedicated to helping people live a debt-free life — providing solutions that guide them on a path to personal financial recovery and freedom.

Formats and Editions:

  • Kindle
  • Hardcover
  • Paperback
art of debt management

About The Book

Art of Debt Management, reveals the journey and complete strategy that helped Debt Management Expert, successful entrepreneur, and artist, Liv Babra go from bankruptcy to success. A It is a roadmap for readers to determine the nature and severity of their debt issues, and get tips for solving them and avoiding them in the future.

While some debt problems require professional assistance, most are easily resolved if they are caught early enough. The key to such resolutions is admitting you have a problem managing your personal financial life and taking control of it.

Covering areas such as “the danger signs,” student loans, and the distinction between proposals and bankruptcies, Art of Debt Management provides practical, intuitive advice for individuals suffering financial difficulties.

“The word debt does not have a positive connotation and hence does not carry positive energy. To change debt energy into abundance, you must surround it with strong positive energy.

Generate positive energy, and abundance is yours.

In the realm of thought energy, positive attracts positive and negative attracts negative.”

 – Liv Babra

What’s inside

^

Facing Personal Debt

^

Creating Abundance in Your Life

^

Are Your Finances in a Knot? Getting Help

^

Understanding Your Options Under the Bankruptcy and Insolvency Act

^

Consumer Proposal: Modifying Your Debt Obligations

^

Bankruptcy

^

What to Expect from Personal Bankruptcy and Proposals

^

Getting through the labyrinth of paperwork for filing a proposal or Bankruptcy

Introduction

Like most people, I worked hard all my life. At the age of 58, I found myself facing bankruptcy. In my case, improper handling of finances had become a habit that moved in and stayed with me for a long time. A certain sense of helplessness and inadequacy came over me when I realized that I lacked knowledge of financial management. I was not exposed to it at any of the schools and institutions where I had studied. I started traveling around the world at a very tender age of 17. Therefore, parental guidance in this area was also not available.

I soon found that information on the subject was sporadic and just not readily available. Much of the information was not clear enough for the average person to make an informed decision. Some of the local consultants and advisers did not have complete or up-to-date information. Some of them were unable to speak proper English, making me question their knowledge of the law and their ability to read it, follow it, and communicate it effectively.

I started a long journey of studying the Bankruptcy and Insolvency Act (BIA), the federal law that governs consumer debt in Canada. Many so-called consultants had not read the Bankruptcy and Insolvency Act (BIA) in depth in this area, let alone understand its intent. They simply collect clients’ pertinent data and pass it on to a trustee for processing. The trustee does all the work. For this they charge a fee with an intent to make a quick buck. Some consultants aggressively promote bankruptcy because it is the easiest route and the fastest way for them to make money. They have no problem in modifying the client’s financial records to meet this end. Leaving the client in a very vulnerable position with his/her creditors. Looking back at my own case, I realize that if I had received the appropriate advice, my bankruptcy would have easily been avoided.

The debt consulting industry is not regulated and therefore attracts many unqualified individuals. Whereas an unscrupulous Licensed Insolvency Trustee can lose his or her license under the BIA (Section S 13.2 [4]), consultants are not licensed, nor is there a governing body or accreditation process. Federal regulations governing this are being considered. In the meantime I recommend that you do your research and obtain referrals before engaging with a consultant you may or may not know.

Having spent many years studying the Act and working closely with Licensed Insolvency Trustees to build a strong knowledge base, I have developed a deep understanding of the intent of the Act. This book is compiled with information, together with my own insights, to help you make a decision on how to manage your debt load. I sincerely hope that this will guide you through your difficult times.

I have long believed that managing finances should be a mandatory subject starting in high school, if not lower grades. Coincidentally, while I was finalizing this book in 2017, the Ontario Government announced a grade ten pilot project to teach students financial management. I am not aware of any other such programs in other provinces; I strongly believe that they’re necessary for the future of this country.

Chapters

Pages

This book helps readers to determine the nature and severity of their debt issues and offers suggestions for both solving them, and avoiding them in the future. Covering areas such as “the danger signs,” student loans, and the distinction between proposals and bankruptcies, Art of Debt Management provides practical, intuitive advice for individuals suffering financial difficulties.

This book was written flawlessly! An eye-opener for debt management, it gives hope to those who may be intimidated or overwhelmed with financial challenges. Liv Babra covers topics and information that you don't find anywhere else, and makes the world of finance a lot easier to understand. Well researched, pleasant to read, and empowers readers. A generous contribution by Liv Babra!

Viviana Puello
CEO ArtTour International Publications, Inc.

This book is very well written and easy to read and understand. There are worksheets and excellent support spreadsheets to help the reader assess their financial situation, make a budget, and includes other relevant worksheets. This book would be an excellent primer for Grade 12 students about to enter the world of adult responsibility for their money. Even if the parents are paying the bills, this will help explain the consequences of debt. Plenty of references to online sources as well. Social service organizations should offer this as well, to help those in financial constraints. Well done, Liv.

Tirchander Kanwar

Master Coach NLP, TLT, CHt
Trainer of Hypnotherapy
Mindfull Excellence

This book is very well written and easy to read and understand. There are worksheets and excellent support spreadsheets to help the reader assess their financial situation, make a budget, and other relevant worksheets. This book would be an excellent primer for Grade 12 students about to enter the world of adult responsibility for their money. Even if the parents are paying the bills, this will help explain the consequences of debt. Plenty of references to online sources as well. Social service organizations should offer this as well, to help those in financial constraints. Well done, Liv.

Patti Knight
Artist

About the author

liv babra

Author of the Book “Art of Debt Management,” Liv Babra, is a Debt Management Expert, successful entrepreneur, artist and Certified/Registered NLP coach who rose from personal loss to thriving businessman and is now dedicated to helping people live a debt-free life—providing solutions that guide them on a path to personal financial recovery and freedom.​

Liv Babra has helped many clients for over a decade with a uniquely creative approach using neuro-linguistic programming (NLP). His approach goes beyond the debt problem itself, whereby he helps clients rethink their approach to finance so they can rebuild their credit and turn their lives around.

Rising from the ashes of a divorce and job loss, Babra emerged from his personal experience with profound knowledge of the BIA (Bankruptcy and Insolvency Act). He began providing financial counseling and offering a suite of services to help people regain their finances and other aspects of their lives.