The Different Chapters of the U.S. Bankruptcy Law

The more than 1.5 million Americans who filed for bankruptcy in 2010 clearly shows the financial hardship suffered by many individuals and families in the U.S., especially by those falling in the lower-income bracket. These financial problems are not caused by reckless spending, that’s for sure, but by job loss and cost of medical treatment.

Besides loss of job, a direct effect of the 2008 – 2009 Great Recession and the struggling economy, and an accident or illness that requires medical treatment, other causes of financial hardship that hit many Americans like plague were divorce, reduced pay, and death of a bread-winner in the family. These have resulted to families and individuals diverting available funds to basic needs rather than to paying debts and monthly bills; these, in turn, lead to debts accumulating, eventually growing to an amount that makes these impossible to settle.

It will take only about three months before creditors start referring bad debts to collection firms. These firms have only one purpose: to make debtors pay. Thus, they do not hold back employing whatever tactics they have in their bag, especially those that will scare debtors and make them decide to pay.

Overwhelming debts can definitely cause too much stress and worry. These, however, cannot ruin any person’s life, thanks to bankruptcy, a legal way of freeing oneself from unsurmountable debts. Bankruptcy is the government’s way of helping individuals, families and businesses find the best way they can pay their debts and regain control of their finances. Protection from creditors and collection agencies, which is provided by the U.S. Bankruptcy Code, is made through the Code’s different chapters, each designed to address debtors’ specific financial situation. This Bankruptcy Code’s different chapters include:

– Chapter 7 – also known as liquidation bankruptcy. Under this chapter, a court-appointed trustee is tasked to liquidate all non-exempt assets and properties surrendered by a debtor (non-exempt assets may include a second house, a vacation house, a second vehicle, expensive tools or musical instruments, jewelry, etc.). The cash raised will be used to pay a debtor’s secured debts and the remaining amount, if there is any, will be returned to the debtor.

Secured or non-dischargeable debts include government-related debts, child support, alimony and student loan (under certain conditions). Other debts, which a debtor has, like credit card bills, medical bill, past utility bills, personal loans, and so forth, are called dischargeable debts ; the court can decide to free a person from these debts.

– Chapter 11, which is also called business bankruptcy, allows a business to restructure its finances (repayment plan) for more affordable payments. Though Chapter 11 is risky, time-consuming and expensive, many small corporations, limited liability companies, and partnerships choose it because it is the only chapter that allows firms to restructure and continue business operations.

Chapter 12 is designed for families of farmers and fishermen with a regular annual income, which own and operate the fishing or farming business, or which own at least 50% of the farming or fishing business.

– Chapter 13, which is a reorganization or restructuring type of bankruptcy, allows debtors to design a debt payment scheme. A Chapter 13 plan usually lasts for three years, but may be extended to five years if allowed by a court. Unlike in Chapter 7, a debtor is not required to surrender any of his or her properties for liquidation.

In the Ryan J. Ruehle Attorney at Law, LLC, website, it is said that getting back to financial solvency, no matter how difficult your financial situation may be, is always possible; thus, losing hope, while this may be understandable, is still a very poor and lame excuse. By filing for bankruptcy through the help of a highly-skilled bankruptcy lawyer, regaining control over your financial is now within reach.

Debts that can be eliminated through bankruptcy

Filing for bankruptcy should only be viewed as the last resort, because depending on the type of bankruptcy you file for or which one you would qualify, you might end up losing everything you own. Talking with a bankruptcy lawyer in your area and exploring your options is the best way to ensure that you will have a smooth financial solution to your woes without having to sacrifice so much. For those wondering if they can go ahead and file for Chapter 7 bankruptcy, here are some facts that you need to understand first.

Many Americans are not aware of their options which lead many residents of North Carolina believing they would lose all of their properties when they file for Chapter 7 bankruptcy. This is not the case, however; a great majority of people who has filed for bankruptcy end up keeping their properties due to exemption laws. For Chapter 7 bankruptcy, also known as “straight bankruptcy”, is a federally-organized process aimed to discharge unsecured debts such as medical bills, mortgage and personal debts, and credit card debts. Usually, this type of bankruptcy takes 4-6 months to complete and ends when the Bankruptcy Court releases a discharge which will serve as a permanent injunction preventing creditors from collecting anything from you.

A Fayetteville bankruptcy lawyer will have an understanding of which debts can be eliminated and which ones will remain. Exempt properties are the ones that will be kept by you, while the nonexempt are the ones that will be handled by the bankruptcy trustee and the proceeds will be distributed to your creditors. Because of the differences in exemption laws in various jurisdictions, it is important to have a bankruptcy attorney because they will be the ones who will classify which properties are exempt and nonexempt.

Workplace Injuries

In worst case scenarios, severe harm, and even casualties can be caused by accidents. Occupations like construction are physically working on the body. As well as this day-to-day wear and tear on the body’s muscles, workers are put by working as a worker in an increased danger of enduring a critical work-related injury. According to an attorney website (view website to learn more), many of the reported work-related injuries are caused by repetitive motion or unsafe worksites. Employees frequently suffer from back ache due to this persistent motion, neck, shoulder, and knee.

In 2012 Michael Simermeyer was murdered when working on a construction site. A tractor crane was caused by a frayed cord to collapse which crushed him. Recently, from Yonkers Insurance, his parents have collected one million dollars in July of 2013 for missing to monitor and keep the working condition. Employees compensation projects are put in place to be able to protect workers in high-risk environments. In instances the families like the family’s, of work- benefits can sometimes acquire in the party responsible for a wrongful death suit.

The recovery process is a critical schedule to respect when a victim survives a traumatic injury. Prolonged rest, nourishment, and treatment are necessary so that you can recover. Workers are eligible for a greater sum of money to get a longer number of time when an injury like an amputation occurred as an outcome of the negligence of the entire property’s management.

Cash paid to injured workers is meant to include multiple costs. Besides this payment, injured workers are eligible for financial compensation for medical prices. Worksite sufferers may want reconstructive surgeries just like a rhinoplasty or expensive prosthetic gear that they shouldn’t be responsible for buying out-of-wallet. View website to learn more about these types of injuries.

How to Create Marketable Content

Your website can have the best specs around. It can adhere to the trendiest aesthetic principles of the day. It can have all the cool coded features that attract your audience to go into a clicking frenzy. But at the end of the day, you can come up with absolutely nothing new and the investment for a purely pretty picture can amount to absolutely nothing.

Why? Well, according to the website of Kinetic Word, this can be attributed to the simple fault of bad content. Think of today’s marketing a bit like dating. The definition of it has changed over the years, definitely, but the basic principles of starting and maintaining a relationship remains. These days, it’s all about that individual connection. In order to build a relationship, there needs to be a foundation of mutual trust.

So how can you create marketable content with the goal of attracting a prospective client? It’s just like dating. You get to know your audience first – figure out what it is they’re interested in and why they would want you in the first place. This can be done by asking them questions (surveys, spouting out a question that can generate answers online such as through social media) and then using the data in order to give them more than what they want but what they need.

Then, don’t sell the idea – in a traditional way, at least. People in this day and age don’t take the shallow route and just believe everything they hear and read on the internet. They are more hypercritical of the information they consume through the media and so it is the job of content writers to provide content that is not only engaging and relevant but also accurate and new.

Old methods simply throw in keywords that don’t matter for the sake of getting a few hits. But, in truth, hits can be bought – but loyal clientele takes heart and hard work that cannot be artificially manufactured.

Excessively Top-Heavy Women May Qualify for Free Breast Reduction

Having disproportionately large breasts may cause a woman many issues. Their ability to participate in sports and other physical activities is limited, and they may face serious back and neck problems. Sweating in chest area may make falling asleep uncomfortable.

Women who have a cup size of DD or larger may be eligible for their insurance company to pay for a breast reduction surgery. The costs to these women may be as low as a simple hundred dollar deduction.

In order to qualify, however, the woman must prove that her reduction is a medical necessity.

To do this, insurance companies typically decide based on the weight of the tissue to be removed (it should be 1 to 4 pounds). Most women with a cup size of DD or larger pass this test.

Once the surgery has been approved, there are many things to consider before going under the knife. Firstly, breast reductions come with many potential consequences. Scarring is usually permanent, and in some cases, feeling in the breast and nipple may never return. The risks that come with all surgeries—such as heart attack or death while under anesthesia—apply as well. Most experts estimate that anywhere from 10-50% of women who undergo a breast reduction experience complications.

However, the surgery comes with many considerable benefits as well. The woman may be much more comfortable doing everything from jogging to wearing a swimsuit at the beach. Unwanted attention that comes with having large breasts is often reduced, and back and neck pain may be completely gone.

If you or a loved one are considering a breast reduction surgery, check with your insurance company to see if it could be deemed a medical necessity first.

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