Search
Related Links

 

 

Informative Articles

Alternative Medicine & Herbal Preparations
Why Herbal Preparations are Becoming the Preferred Alternative While still regarded with some degree of skepticism in the medical community, alternative medicine and herbal remedies are gaining attention and recognition in the world of...
Got a Cold - Should You Work Out?
A recent study sponsored by the American College of Sports Medicine indicates that exercising moderately while you have a common cold doesn't affect the severity or duration of the symptoms. It's a widely excepted notion that...
Guide to finding healthcare information
The Internet is a wealthy source of information and if you're looking for healthcare information, the Internet can be a resourceful vehicle for you to find reliable and trustworthy guides and advice on healthcare products and supplies. It all...
Ten Ways to Make It Through the Holidays Sober
1. Plan to stay sober. Every day plan to stay sober and work your plan. 2. Have a support system. If you're going to a party where you know there will be alcoholic beverages served, and you're afraid you may be tempted to drink, bring a buddy...
What Are The Side Effects of Ephedra?
Ephedra has been used in Chinese medicine for thousands of years. However, in the last decade, ephedra products have been thrust into the media spotlight given to high profile lawsuits, the FDA all encompassing ban, and the recent ban reversal. ...
 
Bankruptcy:a paradox

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 the situation need be got rid of and we will tell you how.

Bankruptcy to the layman might mean only complete debt and a cash strap, but to the financial dealers it means the solution too. It is such a paradox to have both the disease and the medicine by the same name.

Every body at some point of time are in debt . Then they take loans and sign a deal but when the terms are breached due to inability to pay , one becomes bankrupt. This condition needs to be declared formally . Prior to the 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 the 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 the debts or repay them.This is available in a number of ways:

By formulation of a new repayment plan
By reducing the 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 the legal process are:
•Debtor- who will be subject to the procedure
•Creditor- who suffer during a bankruptcy
•Bankruptcy Judge- who chairs the hearing of the case
•Case Trustee- who is


appointed to check the assets of the debtor and submit report to the 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 the assets of the debtor , appointing a trustee and selling them off. This is done to discharge the 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 the debt in installments.

The Bankruptcy rate of each country is of importance in deducing the economic state .This also a yardstick for international organizations to sanction funds.
Even if one avails of the 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 the 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


About the Author

Lance Wiliams is an accomplished contributing writer presently working in association with
http://www.mortgagefit.com.
He specialises in mortgage and real estate arena.

 

National Library of Medicine - National Institutes of Health
Part of the National Institutes of Health, the National Library of Medicine offers access to health information for consumer, patient, and physicians ...
www.nlm.nih.gov
 
Health and Medical Information produced by doctors - MedicineNet.com
Doctor-produced health and medical information written for you to make informed decisions about your health concerns.
www.medicinenet.com
 
Medicine in the Yahoo! Directory
Collection of sites for health professionals, with sections on specific disciplines, organizations, continuing education, conferences, publications, ...
dir.yahoo.com
 
MedlinePlus Health Information from the National Library of Medicine
Health information from the National Library of Medicine. Easy access to Medline and Health topics, medical dictionaries, directories and publications.
medlineplus.gov
 
Medicine - Wikipedia, the free encyclopedia
Medicine is a branch of health science and the sector of public life ... The practice of medicine combines both science as the evidence base and art in the ...
en.wikipedia.org
 
Journal Home - Nature Medicine
Nature Medicine has a vacancy for a Locum Assistant Editor for six months. The position involves working in all aspects of the editorial process, ...
www.nature.com
 
The New England Journal of Medicine: Research & Review Articles on ...
The New England Journal of Medicine (NEJM) is a weekly general medical journal that publishes new medical research findings, review articles, and editorial ...
content.nejm.org
 
eMedicine Clinical Knowledge Base
eMedicine features up-to-date, searchable, peer-reviewed medical journals, online physician reference textbooks, and a full-text article database in 62 ...
www.emedicine.com
 
Open Directory - Health: Medicine
the entire directory, only in Health/Medicine. Top: Health: Medicine (11429). Description · Medical Specialties (4888); Surgery (2265) ...
dmoz.org
 
the www virtual library biosciences medicine
www.ohsu.edu/cliniweb/wwwvl/ - Similar pages
 
Medicine - home
Bimonthly journal covering the latest results in clinical investigation relevant to hospital and office practice.
www.md-journal.com
 
Institute of Medicine
The Institute of Medicine serves as adviser to the nation to improve health.
www.iom.edu
 
ScienceDaily: Health & Medicine News
Medical Research News. Health news on everything from cancer to nutrition. Full-text, images, updated daily.
www.sciencedaily.com
 
Google Directory - Health > Medicine
Search only in Medicine Search the Web. Medicine. Health > Medicine, Go to Directory Home. Categories. Alternative Medicine (6308) Basic Sciences (66) ...
www.google.com
 
the world wide web virtual library biosciences medicine
www.mcb.harvard.edu/biopages/medicine.html - Similar pages
 
PLoS Medicine - A Peer-Reviewed Open-Access Journal
PLoS Medicine is a peer-reviewed, international, open-access journal published ... Every issue of PLoS Medicine contains a selection of readers' responses. ...
medicine.plosjournals.org
 
Medicine On-Line - Medicine Online -The International Medical Journal
Medicine Online - independent and peer reviewed journal published by Priory Medical Journals - priory.com.
www.priory.com
 
Entrez PubMed
PubMed is a service of the US National Library of Medicine that includes over 16 million citations from MEDLINE and other life science journals for ...
www.ncbi.nlm.nih.gov
 
Stanford University School of Medicine
Home Page of the Stanford University School of Medicine.
med.stanford.edu
 
Medicine OnLine
Meds.com offers medical information and education on cancer (lung cancer, colon cancer, breast cancer, leukemia) and HIV / AIDS for patients, ...
www.meds.com