Business

How to Recover From Crushing Debt

Published

3 years ago

July 4, 2022

Most of us have at least some debt. You might have a mortgage, a standing student loan, and a standing balance on a credit card. But for some people, debt is crippling. They have more debt than they can ever easily pay off and the balance just seems to climb higher and higher.

What can you do if you feel like you’re in a hopeless financial situation like this?

The Good News

First, the good news: you have options. Some of the options are difficult. Some of the options have short-term consequences. But all of your options give you a potential path forward, allowing you to move past this difficult period of your life.

File for Bankruptcy

One option is to file for bankruptcy. You’re likely familiar with the idea that bankruptcy allows you to eliminate your debts in exchange for putting you in a kind of financial quarantine, damaging your credit score and making it much harder to apply for credit cards and loans in the future. However, in reality, typically, bankruptcy only negatively effects one’s credit for a relatively short period.

There are many misconceptions about bankruptcy. For starters, there are multiple types of bankruptcy and not all of them play out the same way. Chapter 13 bankruptcy, for example, generally allows a person to eliminate a substantial portion of their unsecured debt, while allowing someone to restructure other debts, to permit an individual to keep their property. If you have steady income, and you want to avoid some of the worst ramifications of bankruptcy, this option could be perfect for you.

Bankruptcy is a complex topic, and it’s not a good fit for everyone. Because of that, it’s important to talk to a bankruptcy lawyer to get more information, evaluate your options, and make the best decision for your situation.

Negotiate

If bankruptcy isn’t an option, or if it’s not of interest, you can consider negotiating with your creditors. Oftentimes, credit card companies and loan providers will be willing to work with you so that you can continue paying off your debts without much hassle. Sometimes, simply asking for a lower interest rate or an extended deadline for your payments is all it takes to put yourself in a better financial situation.

Debt Settlement with the Assistance of Third Parties

There are two accepted options for settling debt with the assistance of a company. The first is debt settlement and the other option is a debt management program.

Debt settlement companies may be able to work out a settlement with one or more creditors. Generally, after a certain amount is paid into the company’s account, the company will use the funds to pay off a specific creditor.

Typically, a company that handles debt management programs will work out a settlement with numerous creditors that requires a monthly payment.

Further to that, real estate note selling is also a viable option in this scenario where you can sell your mortgage notes while obtaining the best market value.

There are two issues that occur when working with either option. One’s credit report will still reflect the payment arrears amount, even though a settlement agreement is in place. Also, any creditor that has not yet agreed to settle, or that refuses to settle, may continue to pursue the debt, which includes filing a lawsuit for the funds.

Transfer and Consolidate Your Balances

After negotiation, consider transferring and consolidating your balances. High interest rates can quickly skyrocket your debt, putting you deeper into a hole that’s already almost impossible to climb out of. But with lower interest rates, you’ll buy yourself more time and end up paying less over the long run. Transferring balances from high interest accounts to low interest accounts allow you to take advantage of this course of action .

Put Together a Strict Repayment Plan

After taking these initial steps, consider putting together a strict repayment plan. Ideally, you’ll be making more than the minimum payment each month, gradually chipping away at the principal you owe. You should make debt repayment one of your highest priorities in your budget, second only to absolute necessities.

Many people find it difficult to put together a repayment plan because they’re living paycheck to paycheck and barely making ends meet. If this is the case, you’ll need to improve your financial situation in other ways.

Increase Your Income

One option is to increase your income.

Start a side gig. There are dozens, if not hundreds of ways to make money on the side. You can babysit, walk dogs, practice freelance photography, or work as a chauffeur. The options are limitless, so even if you only have a few hours each week to dedicate to this project, you can make some extra money.
Work overtime. Are there overtime opportunities at your current place of employment? Can you take on more responsibilities to make more?
Apply for a new position. If your current position doesn’t give you much money or flexibility, consider applying for a new one. Look for promotions or an alternative employer.
Improve your skills. Set yourself up for long-term career success by improving your core skills. Learning new things and getting more experience will set you up for much higher pay in the future.

Reduce Your Expenses

You can also work to reduce your expenses.

Move to a cheaper area. Different places have different costs of living. Consider moving someplace cheaper.
Downsize your home. Smaller houses and apartments are much more affordable.
Cut unnecessary lifestyle expenditures. Entertainment subscriptions, restaurant meals, and personal vices are unnecessary luxuries.

Increasing your income, reducing your expenses, and sticking to a strict repayment plan should be enough to help you crawl out of debt, even if you have to do it slowly. If that’s not an option for you, filing for bankruptcy could be the better option. Make sure you talk to a lawyer about the possibilities and think through all your forthcoming decisions carefully. If done right, you can start a new financial life – and leave all your old debts behind.

Business

13 Reasons Investors Are Watching Phoenix Energy’s Expansion in the Williston Basin

Published

5 hours ago

April 23, 2025

Matthew Wiles

As energy security becomes a growing priority in the United States, companies focused on domestic oil production are gaining attention from investors. One such company is Phoenix Energy, an independent oil and gas company operating in the Williston Basin, a prolific oil-producing region spanning North Dakota and Montana.

Phoenix Energy has established itself as a key player in this sector, expanding its footprint while offering structured investment opportunities to accredited investors. Through Regulation D 506(c) corporate bonds, the company provides investment options with annual interest rates ranging from 9% to 13%.

Here are 13 reasons why Phoenix Energy is attracting investor interest in 2025:

1. U.S. energy production remains a strategic priority

The global energy landscape is evolving, with a renewed focus on domestic oil and gas production to enhance economic stability and reduce reliance on foreign energy sources. The Williston Basin, home to the Bakken and Three Forks formations, continues to play a critical role in meeting these demands. Phoenix Energy has established an operational footprint in the basin, where it is actively investing in development and production.

2. Investment opportunities with fixed annual interest rates

Phoenix Energy bonds offer accredited investors annual interest rates between 9% and 13% through Regulation D 506(c). These bonds help fund the company’s expansion in the Williston Basin, where it acquires and develops oil and gas assets.

3. Record-breaking drilling speeds in the Williston Basin

Phoenix Energy has made significant strides in drilling efficiency, ranking among the fastest drillers in the Bakken Formation as of late 2024. By reducing drilling times, the company aims to optimize operations and improve overall production performance.

4. Expansion of operational footprint

Since becoming an operator in September 2023, Phoenix Energy has grown rapidly. As of March 2025, the company has 53 wells drilled and 96 wells planned over the next 12 months.

5. Surpassing production expectations

Phoenix Energy’s oil production has steadily increased. By mid-2024, its cumulative production had exceeded 1.57 million barrels, outpacing its total output for 2023. The company projected an exit rate of nearly 20,000 barrels of oil equivalent per day by the end of March 2025.

6. High-net-worth investor offerings

For investors seeking alternative investments with higher-yield opportunities, Phoenix Energy offers the Adamantium bonds through Reg D 506(c), which provides corporate bonds with annual interest rates between 13% and 16%, with investment terms ranging from 5 to 11 years, and a minimum investment of $2 million.

7. Experienced team with industry-specific expertise

Phoenix Energy’s leadership and technical teams include professionals with decades of oil and gas experience, including backgrounds in drilling engineering, land acquisition, and reservoir analysis. This level of in-house expertise supports the company’s ability to evaluate acreage, manage operations, and execute its long-term development plans in the Williston Basin.

8. Focus on investor communication and understanding

Phoenix Energy prioritizes clear investor communication. The company hosts webinars and provides access to licensed professionals who walk investors through the business model and operations in the oil and gas sector. These efforts aim to help investors better understand how Phoenix Energy deploys capital across mineral acquisitions and operated wells.

9. Managing market risk through strategic planning

The energy sector is cyclical, and Phoenix Energy takes a structured approach to risk management. The company employs hedging strategies and asset-backed financing to help mitigate potential fluctuations in the oil market.

10. Commitment to compliance

Phoenix Energy conducts its bond offerings under the SEC’s Regulation D Rule 506(c) exemption. These offerings are made available exclusively to accredited investors and are facilitated through a registered broker-dealer to support adherence to federal securities laws. Investors can review applicable offering filings on the SEC’s EDGAR database.

11. Recognition for business practices

As of April 2025, Phoenix Energy maintains an A+ rating with the Better Business Bureau (BBB) and is a BBB-accredited business. The company has also earned strong ratings on investor review platforms such as Trustpilot and Google Reviews, where investors often highlight clear communication and transparency.

12. A family-founded business with a long-term vision

Led by CEO Adam Ferrari, Phoenix Energy operates as a family-founded business with a focus on long-term investment strategies. The company’s leadership emphasizes responsible growth and sustainable development in the Williston Basin.

13. Positioned for long-term growth in the oil sector

With U.S. energy demand projected to remain strong, Phoenix Energy is strategically positioned for continued expansion. The company’s focus on efficient drilling, financial discipline, and structured investment offerings aligns with its goal of building a resilient and growth-oriented business.

Final thoughts

For investors looking to gain exposure to the U.S. oil and gas sector, Phoenix Energy presents an opportunity to participate in a structured alternative investment backed by the company’s operational expansion in the Williston Basin.

Accredited investors interested in learning more can attend one of Phoenix Energy’s investor webinars, which are hosted daily throughout the week. These sessions provide insights into market trends, risk management strategies, and investment opportunities.

For more information, visit the Phoenix Energy website.

Phoenix Capital Group Holdings, LLC is now Phoenix Energy One, LLC, doing business as Phoenix Energy. The testimonials on review sites may not be representative of other investors not listed on the sites. The testimonials are no guarantee of future performance or success of the Company or a return on investment. Alternative investments are speculative, illiquid, and you may lose some or all of your investment. Securities are offered by Dalmore Group member FINRA/SIPC. Dalmore Group and Phoenix Energy are not affiliated. See full disclosures.

This article contains forward-looking statements based on our current expectations, assumptions, and beliefs about future events and market conditions. These statements, identifiable by terms such as “anticipate,” “believe,” “intend,” “may,” “expect,” “plan,” “should,” and similar expressions, involve risks and uncertainties that could cause actual results to differ materially. Factors that may impact these outcomes include changes in market conditions, regulatory developments, operational performance, and other risks described in our filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and Phoenix Energy undertakes no obligation to update them except as required by law.