225: How to Lose $26 Million by Getting Hit by an Ice Storm with Jorge Newbery

How to Lose Money

Jorge Newbery is on a mission to help Americans crushed by unaffordable debts. He is Founder and CEO of American Homeowner Preservation and AHP Servicing, which crowdfund the purchase of non performing mortgages from banks at big discounts, then share the discounts with struggling homeowners. He is also Founder and CEO of Debt Cleanse Group Legal Services, a nationwide legal plan to help consumers and small businesses get out of debt without filing bankruptcy. He is also the Founder and a non-attorney Partner in Activist Legal, a law firm in Washington, D.C.

A 2004 natural disaster triggered the financial collapse of Newbery's former business, leaving him with $26 million in debts he could not pay. Newbery rebuilt himself through AHP, sharing what he learned to help families at risk of foreclosure stay in their homes.

He has authored three books, including Burn Zones, which shares the story of his financial rise and fall, as well as Debt Cleanse: How To Settle Your Unaffordable Debts For Pennies On The Dollar (And Not Pay Some At All).