Get To Know Bankruptcy More}

Get To Know Bankruptcy More

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Suzy VanstrusenBefore filing for bankruptcy, you have to know the different kinds of it for you to be able to tell which category you qualify. The categories are created to specifically correspond to an individual’s situation. Years ago, a person can declare bankruptcy and choose from the categories. But since there is a new amendment beginning October 17, 1995 in the Bankruptcy Law that governs the US, there are slight changes when filing for bankruptcy.

Today, a person cannot make a decision on his own. Bankruptcy chapters 7 and 13 particularly are now accompanied by certain qualifications that the individual needs to pass. This is called the means calculation. In this test, the expenses will be subtracted from the monthly income of the individual. The result will then be multiplied by 60 (a fixed number) in order to determine whether he or she will be eligible for a Chapter 7 or Chapter 13 bankruptcy.

Chapter 7 bankruptcy gives the individual freedom from all charges in his account. This is discharging a person completely from all the debts he has. If the result of your means test calculation shows that you will not be capable to pay off your debts, then you will be qualified to declare Chapter 7 bankruptcy.

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If your means test calculation results to at least $6,000 and above, you are then ordered to file for Chapter 13 bankruptcy. Under Chapter 13, you are required by the law to pay your debts by submitting at least 10% of your monthly salary. However, you are allowed to maintain ownership of your properties.

Other kinds of bankruptcy are the Chapter 9, 11 and 12 bankruptcies. Chapter 9 is a bankruptcy provision intended for municipalities or public agencies. This can be considered as the most complicated category since it involves a large group of people.

Chapter 11 is a bankruptcy proceeding done by business corporations. No bankruptcy trustee will be designate to decide on a Chapter 11 case. The corporation that filed for bankruptcy will have to create a recovery plan on its own.

Chapter 12 bankruptcy is for family farmers and fishermen. Filing for a Chapter 12 bankruptcy protects a farmer or a fisherman from losing his assets to his creditors. With this, he will only be required to pay his debts through his salary.

Generally, the new bankruptcy law requires everyone to undergo credit counseling under a credit counseling agency accredited by the government. This must be done at least six months before they file for bankruptcy. The credit counseling agency will take a look at the individual’s debt problem and try to find solutions other than bankruptcy. If the credit counseling agency recommends filing for bankruptcy, that’s the only time the application can be started.

The individual should then find a bankruptcy attorney who will prepare the bankruptcy documents and who will be representing him in the bankruptcy court. After bankruptcy has been filed, the bankruptcy judge will be the one to seal the approval for the discharge.

Copyright (c) 2009 Suzy Vanstrusen

Suzy Vanstrusen is a credit analyst and a writer of the site; EZCreditRepairSolutions.com and has been providing consumers with tips and tricks in repairing your credit. Check the site for more information regarding

bad credit refinanceandbad credit repair.

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Shimon Peres discusses the future of Israel

Wednesday, January 9, 2008

This year Israel turns sixty and it has embarked upon a campaign to celebrate its birthday. Along with technology writers for Slate, PC Magazine, USA Today, BusinessWeek, Aviation Weekly, Wikinews was invited by the America-Israel Friendship League and the Israeli Foreign Ministry to review Israel’s technology sector. It’s part of an effort to ‘re-brand the country’ to show America that there is more to Israel than the Palestinian conflict. On this trip we saw the people who gave us the Pentium processor and Instant Messaging. The schedule was hectic: 12-14 hours a day were spent doing everything from trips to the Weizmann Institute to dinner with Yossi Vardi.

On Thursday, the fifth day of the junket, David Saranga of the foreign ministry was able to arrange an exclusive interview for David Shankbone with the President of Israel, Nobel Peace Prize recipient Shimon Peres. For over an hour they spoke about Iranian politics, whether Israel is in danger of being side-lined in Middle Eastern importance because of Arab oil wealth, and his thoughts against those who say Israeli culture is in a state of decay.

The only crime I committed was to be a little bit ahead of time. And if this is the reason for being controversial, maybe the reason is better than the result.

Shimon Peres spent his early days on kibbutz, a bygone socialist era of Israel. In 1953, at the age of 29, Peres became the youngest ever Director General of the Ministry of Defense. Forty years later it was Peres who secretly gave the green light for dialogue with Yassir Arafat, of the verboten Palestine Liberation Organization. It was still official Israeli policy to not speak with the PLO. Peres shares a Nobel Peace Prize with Yitzak Rabin and Arafat for orchestrating what eventually became the Oslo Accords. The “roadmap” that came out of Oslo remains the official Israeli (and American) policy for peace in the Palestinian conflict. Although the majority of Israeli people supported the plans, land for peace was met with a small but fiery resistance in Israel. For negotiating with Arafat, former Prime Minister Benjamin Netanyahu shouted at Peres, “You are worse than Chamberlain!” a reference to Hitler’s British appeaser. It was during this time of heated exchanges in the 1990s that Yitzhak Rabin was assassinated by Yigal Amir, a Jew who thought it against Halakhic law to give up land given by God (Hashem).

Peres is the elder statesman of Israeli politics, but he remembers that he has not always been as popular as he is today. “Popularity is like perfume: nice to smell, dangerous to drink,” said Peres. “You don’t drink it.” The search for popularity, he goes on to say, will kill a person who has an idea against the status quo.

Below is David Shankbone’s interview with Shimon Peres, the President of Israel.

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Oil spill reported in Gulf of Mexico

Tuesday, December 26, 2006

At least 21,000 gallons of crude oil has spilled into the Gulf of Mexico near the United States mainland coast, about 30 miles off the shore of Galveston, Texas. The U.S. Coast Guard says that oil is still leaking at a rate of 80 to 400 gallons a day.

The High Island Pipeline began to leak on Sunday and was immediately shut down when a pressure loss was detected. The pipeline is owned by Plains All American Pipeline who state that the incident is “under investigation” and that officials are working to “minimize the impact of the incident.”

“A medium crude oil pipeline ruptured 30 miles southeast of Galveston, Texas, and leaked approximately 21,000 gallons of oil into the Gulf of Mexico Sunday, December 24,” said a press release by Coast Guard.

“There’s a 60-yard-wide oil sheen that extends for about half a mile. It is still leaking slowly, about 80 to 400 gallons a day,” added the Coast Guard.

Reports say that the oil is traveling away from any shoreline and that remaining oil is being suctioned out of the pipeline. Ships in the area have not been diverted.

“All appropriate agencies have been notified. Plains, the U.S. Coast Guard, and the Texas General Land Office are working within a unified command system consisting of Federal and state agencies and oil spill response organizations to manage and mitigate this incident. In addition, Plains has activated its spill response plan to contain and clean up the spill. At present, Plains has mobilized Airborne Support, Inc., Clean Gulf Associates and other additional resources in an effort to minimize the consequences of the incident,” said a press release by the Plains oil company.

So far, no injuries have been reported.

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Ontario Votes 2007: Interview with Green Party candidate Gordon Kubanek, Nepean Carleton

Tuesday, October 9, 2007

Gordon Kubanek is running for the Green Party of Ontario in the Ontario provincial election, in the Nepean-Carleton riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

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Tips For Thanksgiving Food And Table Linens

Tips for Thanksgiving Food and Table Linens

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wilson mat

With simple planning tips, you can host a wonderful Thanksgiving feast that is truly special and memorable. Cook tasty Thanksgiving food with classic recipes and the right cookware. Set a beautiful table with Thanksgiving table linens and easy-to-create centerpieces. Here are some tips to make your celebrations fun and festive.

Thanksgiving Food

The delicious food is the star of the Thanksgiving feast so to cook up flavorful dishes on Thanksgiving Day, remember to plan ahead. Browse through recipes ahead of time and visualize all the cookware and tools you will need. This helps you to organize and stock up on everything you will need to prepare your special Thanksgiving food. Make a printable checklist of your menu so you can check things off as you make them.

If you are attending a potluck-style Thanksgiving, make Thanksgiving food that can be transported easily. Salads and cold appetizers can be packed in a cooler. Insulated containers are great for transporting hot food. Choose recipes that need minimal prepping before serving as your host s kitchen may be busy.

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If the turkey is still frozen on Thanksgiving Day, thaw it by putting it in a plastic bag and immersing it in cold water. Use the drippings from the roast to make your gravy more flavorful. Add salt and seasoning before serving as the gravy becomes saltier while it reduces. These emergency tips can help to make small fixes to your menu.

Thanksgiving Tabletop

To save time, dress the table with Thanksgiving Table linens the night before. Iron the tablecloth to get rid of creases and give it a smooth texture. Choose Thanksgiving table linens that complement your dinnerware and serve as a backdrop for the food. Classic white tablecloths with botanical prints along the border are excellent choices. Add dashes of color with vibrant placemats, table runners and patterned Thanksgiving table linens.

Make easy centerpieces with seasonal produce and fall foliage. Colorful and fresh fruits and veggies are widely available at this time of the year. Visit the local farmers market and get gorgeous pumpkins, gourds as well as apples and pears. Simply fill baskets or bowls with this abundant produce and display on your table. These natural centerpieces are easy to put together and perfect for the harvest festival.

Plan the celebrations with ease using these helpful tips.

Authors Profile: Xavier Thomas is a certified interior designer and runs his own interior decoration consultancy. Xavier especially loves decorating a home in wooden furniture and believes that nothing gives a home as warm and cozy a touch as all-wood furniture and decor.

Xavier loves reading up on new design ideas, and has a special interest in space saving techniques. Here Xavier writes about

thanksgiving food

and

thanksgiving table linens

.

Authors Profile: Xavier Thomas is a certified interior designer and runs his own interior decoration consultancy. Xavier especially loves decorating a home in wooden furniture and believes that nothing gives a home as warm and cozy a touch as all-wood furniture and decor.Xavier loves reading up on new design ideas, and has a special interest in space saving techniques. Here Xavier writes about thanksgiving food and thanksgiving table linens.

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ArticleRich.com

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One of Saddam Hussein’s defense lawyers thrown out of court

Monday, May 22, 2006

Bushra Khalil, one of the defense lawyers for former Iraqi President, Saddam Hussein, was thrown out of court by Chief Judge Raouf Abdel after speaking out of turn.

“The right of defence is sacred. We have never seen in our whole career a lawyer ordered out of the court room like this. We should not be treated like this, we are defending those men who defended the honour of the nation, yes they are the honour of the nation,” said an Egyptian lawyer, in court for Hussein’s defense.

Khalil was attempting to make a speech when Judge Abdel told her to stop talking. When Khalil continued to speak out of turn, Judge Abdel ordered court guards to remove her from the courtroom. Khalil then threw her lawyer’s robe onto the floor and walked out of the courtroom.

“You have to stick to the rules, you are a lawyer, you should behave by the rules,” said Judge Abdel to Khalil while she left the courtroom.

Hussein objected to the judge’s orders and protested saying, “I am Saddam Hussein, president of Iraq. I am above all.”

“You were president, now you are the defendant,” replied Judge Abdel.

This is the second time that Khalil was thrown out of the courtroom. Back in April, Judge Abdel had Khalil removed for the same reasons. This is also her first appearance in court since April’s incident.

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US intercity passenger train collides with truck, derails

Tuesday, July 17, 2007

An Amtrak passenger train de-railed after hitting a pickup truck in Plant City, Florida, in the United States. The driver of the pickup truck was killed on impact. The crash occurred at a marked railroad crossing inside of an industrial area, according to an Amtrak spokesperson.

None of the 133 passengers were seriously hurt, however, the train’s engineer and five passengers were taken to a local hospital after suffering minor injuries. The remaining passengers were taken to a local bowling alley. Although the train’s two locomotives and nine cars de-railed, they remained upright.

Witnesses report the train sounded its horns at the appropriate times. It was reported the pickup truck simply drove in front of the train.

The crash is the second to occur this week with a train; on Monday, a driver in a Pontiac Grand Am deliberately ignored the lights and crossing arms at another railroad crossing in the area, and drove around them, into the path of a different Amtrak train on the same route. The impact caused the car to go airborne. All four people in the car were killed; no one on the train was injured.

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Viktor Schreckengost dies at 101

Sunday, January 27, 2008

Viktor Schreckengost, the father of industrial design and creator of the Jazz Bowl, an iconic piece of Jazz Age art designed for Eleanor Roosevelt during his association with Cowan Pottery died yesterday. He was 101.

Schreckengost was born on June 26, 1906 in Sebring, Ohio, United States.

Schreckengost’s peers included the far more famous designers Raymond Loewy and Norman Bel Geddes.

In 2000, the Cleveland Museum of Art curated the first ever retrospective of Schreckengost’s work. Stunning in scope, the exhibition included sculpture, pottery, dinnerware, drawings, and paintings.

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How To Get Started With Sports Betting

Online sports betting is probably the best option for those who are interesting in trying it for the first time. If you have never tried online sports betting, you are missing so much fun and excitement, and it can all happen in the comfortable surroundings of your home! The art of sports betting can seem confusing at first, but once you are familiar with some of the jargon that is used to explain the concepts and logic behind each type of bet, it is all much easier to understand.

One of the best ways for you to experience this engaging way to bet on your favourite racing and sporting events is to get acquainted with online sports betting. However, in order to best take advantage of all that sports betting has to offer, you need to know a little more about it.

Sports Betting – The Odds

How does online sports betting work? You should start by studying the odds for the sporting event you are most interested in placing a wager upon. When using online sports betting, you can find these odds in the various online sports books used by Internet gamers everywhere. You must open an account with an online sports book before you can place your bet, but this is simple to do.

Once you have chosen where you are going to do your sports betting, you need to decide how you are going to place your bet. There are many different ways for you to wager your chosen amount of money, but first, let’s talk about the spread and how it can affect the amount you bet.

Sports Betting – The Spread

The spread is a point advantage in sports betting, which is usually given to the team that is generally expected to lose a particular sporting event. If you decide that you will bet on the team that is expected to win, they will have to win by more than the spread number and cover the spread before you are considered to have chosen correctly. If you choose the team that is expected to lose, that team will have to lose by less than the spread number in order for your pick to be considered correct. If by chance the team wins by the number of points that were chosen as the spread, the game is called a push.

No one who engages in sports betting wins a thing if a game is called as a push, but you do get the amount of your original bet back. The point spread is done in order to make the all of the bets come out even for the sports book, and is usually done for sports such as basketball or football.

Sports Betting – The Bet

If you were to bet against the spread, most likely you would place a type of bet called an 11-10, or spread bet. By betting $11, you win $10 if your team’s score covers the spread. This is another way that the online sports book makes its money.

An over-under bet is also an 11-10 bet. With this type of bet, the total score of the two teams that played will be either over or under the total score that was listed before the game was played. Betting on the score being over is called ‘betting on the ball’. Betting on the score being under is called ‘betting on the clock’.

A proposition bet is a type of bet where the online sports book chooses what the odds and the conditions of the bet are going to be. This type of bet can be most interesting, even a little fun at times, for the conditions can be as unusual as which of two football teams will make the most touchdowns, which of two basketball teams will score the most three pointers, or even which individual player will make a certain move for the team. The odds for this kind of bet are sometimes 11-10, but can be better or worse depending on the circumstances.

A parlay bet happens when you are betting on more than one event, usually three. This type of bet gives you a much higher payout if you should win, but the catch is that all the events you bet on will have to win. If even one of them loses, they all lose, and you lose the amount that you bet.

A money line bet seems rather formidable, especially to someone who is just getting into online sports betting, but it is really one of the simplest bets of all. It is also called a Straight Up bet, and there is no point spread to consider. You will just choose your sport, and then the team you think will be either the underdog or the favourite. In a money line bet, the sports book will have numbers listed that are in the hundreds, with either a plus or a minus sign beside them. These numbers are considered the ‘money line’, and are the multipliers for the bets.

If the money line for your team is listed as 100, you will make an even bet. This means you will wager the same amount that you will get back. If the money line reads -110, then you must come up with the amount of money you have decided to bet, plus 10%. This extra 10% is known by the name of ‘juice’. If the money line for your team is listed as +110, then you simply place your bet with the amount you choose to bet. If you win a money line bet, you get the amount of your bet plus 10% back. For example, if you bet $10.00 and $1.00 in juice on a -110 money line and it wins, you get $21. 00.

A teaser bet in sports betting is actually a proposition bet that allows you to change the odds for the bet in either direction so that the wager is in your favour. You can go up or down in points, and must choose at least two teams, as is done in a parlay bet. You can have as many as 6 separate teams included on a teaser bet, but all of the teams chosen have to win in order for your bet to be declared a winning one. Once the games are over, the points from the teaser bet are added or subtracted from the final scores. The odds for teaser bets can be different each time, so it is a good plan to always check the sports book before placing your bet.

A tip to remember is that generally, when placing a wager on any sport that can finish with a high score, such as football, you will have a spread. Sports where the ending score is low, such as in baseball will have a money line. Remember also that favourable odds on a game can sometimes work in your favour. Online sports betting allows you to easily go from sports book to sports book to find the best odds.

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Wikinews interviews William Pomerantz, Senior Director of Space Prizes at the X PRIZE Foundation

Regardless of who wins the prize, people all around the world will be able to experience the mission through high-def video-streams.
Saturday, August 28, 2010

Andreas Hornig, Wikinews contributor and team member of Synergy Moon, competitor in the Google Lunar X Prize, managed to interview Senior Director of Space Prizes William Pomerantz of the X PRIZE Foundation about the competitions, goals, and impacts via e-mail for HDTVTotal.com and Wikinews.

By Wikinews,the free news source

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Previous coverage
  • “Japanese probe snatches first asteroid sample” — Wikinews, November 26, 2005
  • “$20 million prize offered in lunar rover contest” — Wikinews, September 13, 2007

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This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.


This article is part of a page redesign trial on Wikinews. Please leave comments or bug reports on this redesign.This interview originally appeared on HDTVTotal.com, released under the Creative Commons Attribution 3.0 license. Credit for this interview goes to HDTVTotal.com and Andreas -horn- Hornig.

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