Bankruptcy:a paradoxWritten by lance
Cash cannot be bound up in chains to prevent escape. It will flow inevitably and bidirectionally- in and out. So, bankruptcy or financial hardships have to be accepted that way.But situation need be got rid of and we will tell you how.Bankruptcy to layman might mean only complete debt and a cash strap, but to financial dealers it means solution too. It is such a paradox to have both disease and medicine by same name. Every body at some point of time are in debt . Then they take loans and sign a deal but when terms are breached due to inability to pay , one becomes bankrupt. This condition needs to be declared formally . Prior to declaration legal counsel is a must. This declaration can be made by two parties: •The debtor himself i.e. Voluntary Bankruptcy •The creditor or lender i.e. Involuntary Bankruptcy When condition is officially declared only then can one avail of any Bankruptcy scheme .The legal process is cut out to suit different people and helps one eliminate debts or repay them.This is available in a number of ways: By formulation of a new repayment plan By reducing percentage for payment By availing of a short delay to regroup resources These options need be properly studied and clubbed with an experts views, before deciding . The individuals involved in legal process are: •Debtor- who will be subject to procedure •Creditor- who suffer during a bankruptcy
| | Try , or Try not...Written by Ali shaikh (BSSE)
Try not. Do, or do not. There is no try. There is definitely a try, even if it doesn't lead to a do. And this separates winners from losers more surely than anything else. Trying does not, in and of itself, lead to success, of course. Depending on goal, there are many ways to fail. But not trying surely leads to failure. I was thinking about John Stockton, recently retired Utah Jazz basketball player who typified "trying". He had a lot of talent, of course, so his trying led to success, but he will always be noted for his effort rather than his talent. In thinking about John and giving full effort, I wondered "why doesn't everyone always try"? There is effort involved in trying; an investment of resources, if you will, and so one could argue that not trying when you know you will fail is prudent. But I don't think that's it. Not trying is not a calculated decision, it is emotional. People just don't like to fail. If you don't try, you can always reassure yourself with false comfort that you would have succeeded, if only you had tried. Once you try and fail, that's it. Actually there is a gradient all way from not trying to giving 100% effort. Sometimes people do something in a half-hearted way, and possibly this is their form of "not trying"; they can feel they would have succeeded if they had given full effort, and thereby feel less bad about themselves for having failed.
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