Bankruptcy:a paradoxWritten by lance
Continued from page 1
•Bankruptcy Judge- who chairs hearing of case •Case Trustee- who is appointed to check assets of debtor and submit report to Judge. The Federal Bankruptcy Act has designed a format for those liquidated (both individuals and firms) . The proceedings are as follows: Chapter 7 or Liquidation Bankruptcy or Straight Bankruptcy-This involves taking an account of assets of debtor , appointing a trustee and selling them off. This is done to discharge balance of creditors. Chapter 11 – This is applicable to a corporation only and it helps normal operation to continue. Nevertheless it is costly and complex. Chapter 12 – This is formulated for farmers , and this too involves non-interference in work. Chapter 13 – For all those who have a fixed income source, this scheme uses this income to pay off debt in installments.The Bankruptcy rate of each country is of importance in deducing economic state .This also a yardstick for international organizations to sanction funds. Even if one avails of proceedings of Chapter 7 ,one gets a clean slate to begin afresh but it would remain on record for upto 10 years in ones credit history. Bankruptcy could prove to be a pain in neck and a credit history blotter but there are ways and means to get past it with a new lease of life. For further queries you are welcome to log onto http://www.mortgagekb.com
Lance Wiliams is an accomplished contributing writer presently working in association with http://www.mortgagefit.com. He specialises in mortgage and real estate arena.
| | Try , or Try not...Written by Ali shaikh (BSSE)
Continued from page 1
As I've noted before, I believe happiness comes from liking yourself. Things which make you feel better about yourself are "fun", and things which make you feel worse about yourself are not. Trying to do something you are not good at may not be fun, in sense that you will feel worse about yourself for your lack of skill or success. This accounts for wide range of things people do to have "fun"; different people are skilled at different things. Certainly you don't have to feel worse about yourself for not trying or doing all of these things. That is "out"; if you don't try, you won't fail. But... That's fine for discretionary recreational activities. But what about life itself? What about your family? Your profession? Your contribution to world? In these things not trying is surest way to fail. You may be able to convince yourself that your lack of success is due to lack of effort, not lack of skill, but that is secondary; your lack of success will be a fact either way. The key seems to be to regard trying itself as a success. Yoda himself understood this, for he said: Learn to lose as well as win, a Jedi must. If you can feel good about yourself for your effort - regardless of results - then you can always succeed.
I study in KU in DCS department and dere is a lot of thirst of knowledge in me...
|
