|
Other Consulting Articles
WHY CONSULTING FIRMS FAIL
The key to succeeding in the market has always been the abilityto gain and maintain a competitive edge. Today's consumer isobsessed with speed and has the false impression that speedlends itself to
Five Strategies To Strengthen Your Company’s Financial Management
<br />Too many businesses wait until a crisis occurs before they start to focus on improving their financial management. Often, by that time, it can be too late. By setting aside an hour now
The 4-Step Formula for Writing Sales Letters That Get Results
The 4-Step Formula for Writing Sales Letters That Get ResultsThere is a simple 4-step formula that will help you create clear, more powerful sales letters that get results. Most sales letters forget to
Does Your Life Include a RIPE Plan?—Planning Tips for Retirement, Investing, Protection, and Estate Planning – Part 1 (Retirement)
Does Your Life Include a RIPE Plan?—Planning Tips for Retirement, Investing, Protection, and Estate Planning – Part 1 (Retirement)by: Janet L. HallNo matter what your age or years of work, it’s
Will Social Security Be Enough For Your Future?
Will Social Security Be Enough For Your Future?By James A. GageWhile many Americans realize that Social Security won’t provide them with enough income to get by, most people might not realize just
|
|
Recent Consulting News
Energy Consultants From CRA International and Resero Consulting ... - WELT ONLINE
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/6-0fd=Rurl=http://newsticker.welt.de/%3Fmodule%3Dsmarthouse%26id%3D829074cid=1287493987ei=IhdkSY6JO5WKQ9rSucIDusg=AFQjCNEzTiG9dXBbZCypyvaMEF_kuQWHHwEnergy bConsultants/b From CRA International and Resero bConsulting/b b.../b/abrfont size=-1font color=#6f6f6fWELT ONLINE,nbsp;Germanynbsp;-/font nobr12 hours ago/nobr/fontbrfont size=-1bConsulting/b firms CRA International, Inc. (Nasdaq: CRAI) and Resero bConsulting/b today announced their role in providing an updated cost-benefit analysis for b.../b/font/div/font/td/tr/table
The harsh economy isn#39;t keeping OC#39;s small-businessmen down - Los Angeles Times
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/8-0fd=Rurl=http://www.latimes.com/news/columnists/la-me-parsons6-2009jan06,0,1994990.columncid=1287440731ei=IhdkSY6JO5WKQ9rSucIDusg=AFQjCNFJlsDtKM5_OEWqJmfs9PdsnnHeMgThe harsh economy isn#39;t keeping OC#39;s small-businessmen down/abrfont size=-1font color=#6f6f6fLos Angeles Times,nbsp;CAnbsp;-/font nobr18 hours ago/nobr/fontbrfont size=-1It also has other business sponsors and, besides bconsulting/b in one-on-one sessions, offers training programs. That#39;s the meat and potatoes of what the b.../b/font/div/font/td/tr/table
Atos Consulting offers tips on boosting business performance in a recession (Computer Weekly)
Atos Consulting has offered its top 10 tips to businesses on how they can improve business performance this...
|
|
RIGHT HERE WE captured the essence of a complex subject advantages of consulting and made it make sense FOR THE average person. We add new information as it comes in. you're welcome to browse these fine consulting articles as they arrive.
Chapter 13 bankruptcy basics
The purpose behind Chapter 13 Bankruptcy filing is rehabilitation of the debtor. Meaning you are given the opportunity to repay some or all of your debts.but under generally better terms (lower or no interest). Rather than having to liquidate assets to pay off debts, this process is designed to allow the debtor to use future income to pay off creditors. Chapter 13 Bankruptcy is basically an adjustment or reduction of debts for a debtor with regular income.
The United States Bankruptcy Code provides the debtor an opportunity to pay back their creditors over a period of time of up to five years. This process is completely supervised by the court. Your attorney will ensure that your interests will be protected.
Chapter 13 Bankruptcy allows the debtor to keep all of their property. However, an interest-free plan for repayment must be developed and approved by the court. The debtor begins to make payments within thirty to forty five days after the case has begun. Unlike Chapter 7 Bankruptcy, the payments are made to the trustee who will then pay the appropriate creditors. Chapter 13 Bankruptcy prevents creditors from collecting from the debtor. The creditors are required by law to follow strictly the terms of the repayment plan. Your attorney will prepare this payment plan.
After the repayment plan is filed the debtor's creditors will have an opportunity to object to the proposed plan. This process is called a confirmation hearing which is heard before a judge. The attorney will appear before the judge on behalf of the debtor. The judge will confirm the plan if the debtor is current with their payments and if the trustee and any creditor problems are resolved. After the plan is confirmed, if the debtor simply makes all the required monthly payments, then they will receive their discharge.
This whole process is very complicated and recommended the debtor has the advice of a good attorney.
In order to file Chapter 13 the debtor must be able to pay monthly living expenses and pay the trustee to consolidate the debt. In order to make these payments the debtor must have a consistent source of income or at least reasonable prospects of future income. Just like in a Chapter 7 Bankruptcy, the individual must live, reside, be domicile, or have a place of business in the United States. Additional, the debtor must have a regular source of income and the amount of their debt may not exceed a certain amount.
What does it mean to have a regular source of income? According to the Bankruptcy Code, "any individual whose income is sufficiently stable and regular to enable such individual to make payments under a plan under Chapter 13 Bankruptcy." is considered to have a regular source of income.
Although the limits of debt will not apply to most citizens, (the limits are extremely high), it is noteworthy to know the figures. The amounts of debt are different every year. The amount is based on and subject to the inflation adjustment provided in the Bankruptcy Code. Consulting an attorney is the best way to know if you are eligible for Chapter 13 bankruptcy.
If you meet all of the requirements listed above and you are tired of the daily harassment from creditors Chapter 13 may be the answer.
About the Author
Original content from www.bankruptcyhome.com
You can email us here
Appetite satisfied? We hope so. That is why we collect advantages of consulting data and make it easy to get to at this site. Please come back when you are hungry for more consulting information.
Add a Comment
|