New Bankruptcy Law – Targeting the Wrong People?Written by Charles Essmeier
Last April, President Bush enthusiastically signed into law oddly-named Bankruptcy Abuse and Consumer Protection Act. This bill, representing biggest overhaul of bankruptcy law in twenty-five years, was written in order to discourage “bankruptcy of convenience.” Proponents of bill, which included credit card industry, say that bill is necessary in order to stop an avalanche of bankruptcy filings by drug users and compulsive shoppers and gamblers. The law makes it harder to have debts wiped away, requires credit counseling for those considering bankruptcy, and holds attorneys responsible for paperwork errors by their clients in bankruptcy cases. The net result will probably be chaos, as fewer attorneys will handle bankruptcy cases, credit counselors will raise their fees, and more consumers with problem debt will be clueless as to what they should do next. Adding to confusion are some new statistics that suggest that a large number of bankruptcies that are thought to be personal are actually business bankruptcies. As a result, new law may be unfairly targeting consumers for punishment when they are not actually biggest part of problem. Worse, it could be harming small businesses.
Studies
| | How to Reduce Car Insurance PremiumsWritten by John Mussi
Here are some useful tips on how to reduce car insurance premiums. Firstly, you need to find a sense of balance between coverage and cost. Apart from negotiating a good deal, there are some other things that you can do to further bring down your car insurance premium for example; Many insurers average yearly mileage at 12,000 miles. If you do not drive this amount, you can inform your insurer, thus resulting in a reduction in your premium. Park car - Parking your car in a secure location such as a locked garage or a secure designated off road parking spot can potentially reduce your premiums. Bulk buying - Most of big insurance companies offer all forms of insurance such as home, life etc. You may receive a discount for buying multiple forms of insurance with same company. Female drivers are statistically less prone to accidents. Women can avail their quotes from a firm that specialises in covering female drivers. Anti-theft alarm - Equip your car with electronic central locking and alarm. Most insurance companies have a discount if you have these devices fitted in your car.
|
