New Bankruptcy Law – Where’s the Consumer Protection?

Written by Charles Essmeier


Continued from page 1
threshold, they will not be able to file under Chapter 7 ofrepparttar Federal bankruptcy code, which wipes out debt and givesrepparttar 141203 debtor a fresh start. Instead, they will have to file under Chapter 13, which establishes a five year repayment plan.

  • There are no provisions inrepparttar 141204 law for debt problems caused by job loss, illness or other traumatic events, despite studies that show that these arerepparttar 141205 cause of most bankruptcy cases.


  • Attorneys will now be responsible forrepparttar 141206 accuracy of paperwork filed by their clients. This will probably result in fewer bankruptcy attorneys, with those that continue to practice raising their fees substantially in order to offset their additional liability.


    • In short, most consumers are no longer protected from job loss or illness by being able to file under Chapter 7 and they will have less help from competent attorneys due torepparttar 141207 new liability provision ofrepparttar 141208 bill. There is little to “protect” consumers inrepparttar 141209 Bankruptcy Abuse and Consumer Protection Act. The sole benefit for consumers resulting from this bill will be lower interest rates and fees fromrepparttar 141210 credit card companies, who will save billions of dollars as a result of this legislation. Of course, shouldrepparttar 141211 credit card companies choose to keeprepparttar 141212 savings, rather than pass them on to their customers, then consumers will be left with no benefit or “protection” at all.

    ©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a site devoted to debt consolidation and credit counseling, and HomeEquityHelp.com, a site devoted to information regarding home equity loans.


    How to Save Money at Christmas

    Written by John Mussi


    Continued from page 1

    Decorations:

    Why buy expensive baubles to decoraterepparttar Christmas tree when home made decorations can be just as effective without incurringrepparttar 141162 cost.

    Involverepparttar 141163 children. It is their Christmas, after all! Get them to paint, colour, cut, design and make their own decorations forrepparttar 141164 tree.

    They can also be shown how to make a variety of decorations forrepparttar 141165 house including decorative seasonal paper banners, place setting tags, paper candles and paper lanterns.

    By involvingrepparttar 141166 children you will give them a sense of achievement and a certain amount of pride in what they have accomplished. That has to be more meaningful than just buying some costly decoration and placing it onrepparttar 141167 tree?

    Food:

    Why buy an expensive turkey when a chicken can be just as tasty and less costly? It will also take less time to cook thereby saving onrepparttar 141168 electricity bill.

    Shopping:

    When you do your Christmas shopping try not to be influenced by allrepparttar 141169 clever marketing ploys used to get you to spend more money. Still look forrepparttar 141170 bargains and continue to shop wisely. Select items that are on special offer. Select items that offer "Buy one - Get one free".

    Planning:

    With a bit of planning you will be surprised at how much you can save. Here is a useful shopping tip that will save you at least 50% onrepparttar 141171 cost of all Christmas decorations, Christmas cards, Christmas crackers and wrapping paper. Wait until just after Christmas whenrepparttar 141172 supermarkets begin to hold their after Christmas sales.

    You can then buy allrepparttar 141173 cards, crackers, candles, baubles, wrapping paper and other decorations at very low prices. They can then be used forrepparttar 141174 following year.

    If you followrepparttar 141175 above advice you will save money. The money you save can go towards paying for a summer holiday.

    You may freely reprint this article providedrepparttar 141176 author's biography remains intact:

    John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


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