What I Already Knew / What I Want To Know Confessions of a Shopaholic is one of my favorite movies. One day I was watching the movie and wondered is this a real thing? Can people actually get addicted to shopping? So many questions were going through my head so I decided to look it up. Now the question was were to start? Well I really ready knew it was a addiction, but that was about it. I remembered in the movie the girl went into big debt. It almost ruined her life. I thought up a list of questions
(BAPCPA). This act addresses the increased number of bankruptcy filing, loopholes and incentives that allowed for abuse and the financial ability of debtors. The Bankruptcy Code can be found under Title 11 of the United States Code (U.S.C.); this code is then divided into chapters 1, 3, and 5 which provide provisions concerning bankruptcy case and debtors. These chapters are then applied to six specific types of bankruptcy relief classified as Chapters 7, 9, 11, 12, 13, and 15. For businesses companies
Because of this change, the number of people declaring bankruptcy is at an all time high. Today, bankruptcy is a common thing among companies and individuals alike. The American bankruptcy law allows people to avoid paying their debts by offering the debtors a discharge without a harsh consequence. By not having repercussions for their actions, bankruptcy filers often plan future bankruptcies, allowing them to steal even more money from creditors with no punishment. There are 13 different chapters in
Organization. People see it as the beginning of the end of any business, individual or organization. Bankruptcy itself is a legal process that is initiated by a creditor against a debtor that is unable to pay outstanding debts. It begins with filing of petition on behalf of a creditor by a bankruptcy lawyer against a debtor. Different countries and states have their own separate bankruptcy law that is peculiar to their environment. This article is tailored towards unveiling the bankruptcy law in Canada
very common thing among companies and individuals alike. Sadly enough there were as many bankruptcy cases filed in federal courts, as there were all other cases. The American bankruptcy law allows people to avoid paying their debts, by offering the debtors a discharge, which eliminates all their legal responsibilities. However, bankruptcy is a controversial issue amongst religious members of the Jewish population, for one must question whether it is morally correct to avoid paying a dept by filing for
would have to live under a strict budget that would require discipline. Most debtors that file for chapter 13 bankruptcy never pay back all their creditors all that they owe. That can ruin your credit because it stays on file for at least 10 years. Money management seminars are available to those that have paid 75% or more of their debt. Chapter 13 bankruptcy allows creditors to get at least some of their money back. Debtors keep all of their property and would out a compulsory, court-enforced plan
Another Pro Athlete Declare Bankruptcy There are things that just go together: peanut butter and jelly, chocolate and marshmallows, franks and beans, and there are other things that shouldn't, but do. In this category are millionaire athletes who declare bankruptcy. While the financial failures of these well-paid, prime-time celebs and heroes of young boys and girls everywhere may not be quite as common as a PB & J, CNN reports that "60 percent of NBA players go broke within five years of retirement
is not a party to the bankruptcy proceedings, but who has an interest in the proceedings, may file an ex parte application with the bankruptcy court. An insolvent debtor may file a debtor’s petition for voluntary bankruptcy. The insolvent debtor must provide to the court a summary of debts and assets. An agreement between a debtor and creditor that the amount stated as being owed to the creditor is accurate is an account stated. However, an account that is open and unsettled is an account current
1 Determine if bankruptcy is the best option for you. Bankruptcy should be considered your last option, and should only be used if you have exhausted all other possibilities. 2 Find out if you qualify for bankruptcy. The qualification is based on your income and family size relative to the state you are filing in. This is done by filling out a federal form called "The Means Test". If you qualify, proceed to Step 3. If you DO NOT qualify, you're only option would be a Chapter 13 "debt consolidation"
Auto loans individual bankruptcy is the auto loan you availed of after incurring individual bankruptcy. The primary reason for filing personal bankruptcy is arrears management. You need to postpone submitting for individual bankruptcy until such time that options have been examined by you. Filing for bankruptcy should be as a final recourse. You will find two different kinds of personal bankruptcy: - Section 7 (liquidation) which is where your non exempt advantage can be purchased and the amount
Bankruptcy is a court process. It is designed to help consumers and businesses eliminate debt or repay debts under the protection of the bankruptcy court. There are two categories of bankruptcy, "liquidation" or "reorganization": Liquidation bankruptcy involves a consumer or business asking the court to discharge the debts owed (some debts cannot be discharged). In exchange, the business's assets or the consumer's property is sold (liquidated) and the proceeds are used to pay off the creditors. Reorganization
framework manages this borrower a final resort choice while everything, the indebted debtor 's investment plan falls. Yes, these criticisms are right. For instance, as it were, the bankruptcy framework refutes a few principles of loaning and borrowing, like, the concept of collateral. At the point when a creditor borrow money to a debtor and the debtor allocates properties as the collateral, and in this manner the debtor documents for bankruptcy protection, then the protection managed by the collateral
conclusion the court drew upon the statement of Glanville Williams that “the right to contribution among co-debtors is independent of any present rights of the principle creditor.” Further, Wolmershausen v Gullick was applied as authority for the proposition that the right to contribution exists between co-sureties despite the fact that enforcement by the creditor may be barred against one debtor. Therefore, because the covenant did not extinguish Ms Lavin’s liability under the guarantee, it followed
cyber security world would form. Anonymous has been shaping itself more each day to the get the brand of being internet anarchists and wearing the signature Guy Fawkes masks. Some even dub the group as the protectors of the internet fighting crime where they believe is morally right. The anarchist view of Anon was that no one had any sort of control over it and anyone and everyone could claim to be a part of Anon. There are no written rules when it comes to Anonymous but the idea is to collectively
Have you ever dealt with so much in life that you began taking all the anger out on yourselves, especially since you're maturing into adulthood? "Go Ask Alice" is a non-fiction diary, written by an anonymous author in the late 1960's. Alice, the main character, begins a diary because she has no one else to talk too, and she spends her energy searching not for drugs, but for someone who will understand her. The drugs only create the temporary illusion that she is in touch with nature and people. Alice
An Outsider’s View of Alcoholics Anonymous (AA) Meetings Today, one out of every thirteen adults abuse alcohol or are alcoholics. That means nearly thirteen million Americans have a drinking problem. (www.niaaa.nih.gov) This topic offers a broad range of ideas to be researched within the psychological field. For this particular project, the topic of alcoholism and the psychological effects on people best fit the criteria. Alcoholism is defined as a disorder characterized by the excessive consumption
from years of the use of alcohol but you can become an alcoholic at a young age. You may not be physically dependent at a young age but you can definitely become mentally dependent. Many specialists say that alcoholism is hereditary. In alcoholics anonymous, it is said that if you have an inherited alcoholic gene then you are at high risk of being an alcoholic. One sign that you might have this gene is if you have a black out while over consuming alcohol. It is said that if you black out then you are
uncomplicated to occupy my thoughts. Subsequently, reading can also put me in an improved mood by allowing me to walk away from a dangerous situation and think about the book. Books can also be a great resource in recovery. Books such as Alcoholics Anonymous (AA) ... ... middle of paper ... ...staying positive and thinking positive, my life became positive. Thinking positive is an ongoing process. Its unusually strenuous, but once you master the art of positive thinking you are guaranteed a happier
In the 1970s to 1990s, the number of casinos in Australia has been increasing which has helped the Australian economy. This is because the casino industry is one of the industries that are highly taxed as well as a popular tourist destination in Australia. The casino industry can increase the employment rate when it requires additional infrastructure and public services. Casinos have a positive economic contribution as it attracts a large number of tourists to travel to Australia for the purpose
My experience with the Alcoholics Anonymous meeting that I went to was an interesting one. I felt a couple different feelings while I was attending the meeting. The first thing that I felt was that I didn’t belong there, because I’ve never been in the situation that these other individuals had been in. The second thing that I felt was awkwardness. I felt awkward because nobody really socialized with me, other than the occasional hello. The third feeling that I felt was of empathy for these people