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Added for You - New Bankruptcy Law - A Summary of Changes You Should Know About
How many times have I heard literal horror stories from Internet business startups? Too many times to count! I get emails from those who just simply can’t seem to make a living online. They’ve tried everything (according to them) and are still struggling to make ends meet.At some point, the "conversation" always turns to price. That’s where I find a lot of online business people making their mistakes.
Mandatory Credit Counseling
Potential bankruptcy filers must undergo credit counseling via an “approved nonprofit budget and credit counseling
While most companies talk about consumer friendliness, customer centricity, customer relationship etc. more often than not they are mere lip service or jargons with little sincerity behind these grand sounding words.When a company lacks the sincerity to deal with their customers fairly, some one comes along and puts the company on the dock and though the trial by the customers may be long drawn out it
The term “Creditor” refers to those organizations owed money. “Debtor” refers to the consumer who owes money. “Filer” refers to the consumer filing for bankruptcy.
Here is a summary of the major changes:
“Means Test” for Chapter 7
A creditor may file a motion to dismiss a bankruptcy case, if the debtor’s income is greater than the median state income and the debtor can afford to pay $100 per month over a period of five years towards paying down your debts. In this case, a debtor has to file for Chapter 13 instead of Chapter 7.
Mandatory Credit Counseling
Potential bankruptcy filers must undergo credit counseling via an “approved nonprofit budget and credit counseling a
Did you know that telemarketing is not illegal and it is allowed providing your phone number and name is not on the; DO NOT CALL LIST. If you are then telemarketing companies and telemarketers cannot call you; Unless: you are currently a customer with them or have bought or done business with them in a recent time. There are also several interesting little exclusions for certain types of non-profits or Of Cou
The term “Creditor” refers to those organizations owed money. “Debtor” refers to the consumer who owes money. “Filer” refers to the consumer filing for bankruptcy.
Here is a summary of the major changes:
“Means Test” for Chapter 7
A creditor may file a motion to dismiss a bankruptcy case, if the debtor’s income is greater than the median state income and the debtor can afford to pay $100 per month over a period of five years towards paying down your debts. In this case, a debtor has to file for Chapter 13 instead of Chapter 7.
Mandatory Credit Counseling
Potential bankruptcy filers must undergo credit counseling via an “approved nonprofit budget and credit counseling
I learned something very interesting this week. Thankfully, what I learned was really at no one’s expense. What I learned is that when you are on a sales call and you believe there is a possibility (even a remote one) that you may close, always take your contract or letter of agreement with you! This does not apply if your contracts are so complex that it takes a team of attorneys to sort through it. If, howe
Here is a summary of the major changes:
“Means Test” for Chapter 7
A creditor may file a motion to dismiss a bankruptcy case, if the debtor’s income is greater than the median state income and the debtor can afford to pay $100 per month over a period of five years towards paying down your debts. In this case, a debtor has to file for Chapter 13 instead of Chapter 7.
Mandatory Credit Counseling
Potential bankruptcy filers must undergo credit counseling via an “approved nonprofit budget and credit counseling
If you work for yourself, and are perhaps a teeny weeny bit resistant to selling, this wake up call is for you. It is possible that "learning to sell" -- as opposed to learning how to promote yourself -- is not on your priority list. But, if you truly care about your customers, self promotion deserves your attention.Maybe you feel that it is inappropriate to promote yourself in
Mandatory Credit Counseling
Potential bankruptcy filers must undergo credit counseling via an “approved nonprofit budget and credit counseling
1. Share with staff your definition of intrapreneurialism and intention of fostering it throughout the corporation well before the plan is complete and the details fixed.Poll staff's fears, seek their input and suggestions: create an atmosphere of excitement and support.2. Revisit with staff your corporate vission, mission and values.If these do not permeate the organisation like the r
Mandatory Credit Counseling
Potential bankruptcy filers must undergo credit counseling via an “approved nonprofit budget and credit counseling agency”, prior to filing for bankruptcy. Here is the list of government approved consumer credit counseling agencies.
Mandatory Debtor Education
Chapter 13 filers must complete a course in “personal financial management” prior to filing for bankruptcy.
Discharge of Debts
Certain debts cannot be discharged. Debts to a single creditor of more than $500 for luxury goods that were incurred 90 days before filing cannot be discharged. In addition, cash advances of $750 within 70 days are also non-dischargeable.
Proof of Income and Tax Return Filings
Filers must show proof that they paid taxes from the last year. This also provides verification of income. If a filer has not paid taxes for the previous year, they must pay before they can continu
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