When it comes to the subject of Bankruptcy laws in the Unite States, there are six types of bankruptcy under the Bankruptcy Code, located at Title 11 of the United States Code:
* Chapter 7: basic liquidation for individuals and businesses; also known as straight bankruptcy; it is the simplest and quickest form of bankruptcy available
* Chapter 9: municipal bankruptcy; a federal mechanism for the resolution of municipal debts
* Chapter 11: rehabilitation or reorganization, used primarily by business debtors, but sometimes by individuals with substantial debts and assets; known as corporate bankruptcy, it is a form of corporate financial reorganization which typically allows companies to continue to function while they follow debt repayment plans
* Chapter 12: rehabilitation for family farmers and fishermen;
* Chapter 13: rehabilitation with a payment plan for individuals with a regular source of income; enables individuals with regular income to develop a plan to repay all or part of their debts; also known as Wage Earner Bankruptcy
* Chapter 15: ancillary and other international cases; provides a mechanism for dealing with bankruptcy debtors and helps foreign debtors to clear debts.
Saturday, November 7, 2009
Question: How Many Different Kinds of Bankruptcy Are There?
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11:12 PM
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Question: Why Shop on the Web?
What shop on the Internet? Well for me its all about getting the Best Buy for my money. Once I see an item for sale in the weekly sale circulars in the mail, I go straight to the web to see if a) the product is any good, and b) is the sale price from the local store actually better than it would be from the web. More times than not, I actually find the item for less money on the Internet from a great retailer and I end up buying it if it has great reviews.
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JasonJ
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11:09 PM
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Labels: Best Buys, Internet, OpinionU, Shopping Online
Question: What Happens in Business Liquidation?
Liquidation, in the legal / business sense of the word, refers to the process where a company is dissolved and the assets and net property of the company is redistributed. The assets of the company can be sold off to different companies, including competitors, where assets are both physical assets (plants, inventory) or non-real assets like brand names or trademarks.
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JasonJ
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11:08 PM
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Question: Why Does Everyone Love Coffee?
What does everyone in your office place love coffee? Well it could have to do with the caffeine in the coffee but I'd say it probably has a lot more to do with the fact that its a) a diversion during the work day, b) its a social habit, and c) it tastes good! It doesn't hurt that elevated levels of caffeine can act as a fat burner -- but its surely not enough to balance out those extra chocolate bars you get from the snack machine. Here's my tip -- use a coffee mug instead of disposable cups and help reduce waste.
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JasonJ
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11:06 PM
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Labels: Business, coffee, OpinionU, workplace habits
Question: Ever Heard of the Global Dow?
The Global Dow (GDOW) is an index of 150 stock giving corporations from the 4 corners of the globe. The 150-stock index from around the world was created by Dow Jones & Company. The components of The Global Dow are equally weighted and represent 25 countries in total.
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JasonJ
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11:05 PM
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Friday, October 2, 2009
Question: Should I Try SEO?
If you have a presence on the Internet, (and you probably should), then you need to spend a little time on the subject of search engine optimization (SEO). This can be very simple as doing some regular directory submission of your website and using regular keywords in the your online content. A little SEO can go a long way when it comes to business marketing online.
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JasonJ
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3:40 AM
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Labels: Online, OpinionU, Small Business
Wednesday, September 30, 2009
Question: What is the Forex Market?
The foreign exchange market is where institutions and companies trades currencies. The purpose of the foreign exchange market is to provide a marketplace for the buying and selling of currencies for the purpose of supporting international trade and also investment (speculation). Whereas 20 years ago participating in the FOREX market was not something the individual could do, these days there are marketplaces where people like you and me can trade in Forex (although is does require risk taking).
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JasonJ
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2:40 AM
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Question: Which Companies Make Wii Accessories?
For the first few years of the Nintendo Wii, the only company which made motion controlling accessories for it was the OEM, Nintendo. Sure you could buy Wii accessories like snap-ons to the Wii-mote, but you could actually buy a non-Nineteenth Wii-remote. Well now that has changed and you can buy Wii compatible controllers from Nyko. You can get a generic Wii-mote and also a generic Wii-nun-chuck. Think about it -- save money and have more fun!
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JasonJ
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2:36 AM
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Labels: Accessories, OpinionU, Wii
Question: What is an Exchange Rate?
In the world of commerce and finance, the term exchange rate is the relative value of two different currencies. The FX, also know as the foreign-exchange rate or forex rate, between two currencies is a ratio where one currencies is relating in terms of buying power in the second currency. The "spot exchange rate" refers to the current exchange rate, while the "forward exchange rate" refers to an exchange rate that is quoted today but relates to a date in the future.
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JasonJ
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2:32 AM
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Question: What is an SOS Service?
In the world of business and government operations, an SOS service is a company which is there to "rescue" its clients from dangerous situations. Think about this -- if your employee is doing business in the Middle East and there is suddenly a terrorist attack, then you need help for emergency evacuation. This is where the SOS service comes in. They can have helicopters, private planes, and security personnel available to extract your person from the dangerous situation.
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JasonJ
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2:28 AM
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Labels: dangerous situations, emergency evacuation, OpinionU

