Bankruptcy Law: Some Important Facts

As applying for loans, credit cards and other forms of credit are easier to come by, so are the bankruptcy rates in the United States. In a ten year period, between 1994 and 2004, bankruptcy rates in the United States nearly doubled. The government's reaction was to take a closer look at reasons parties were filing for bankruptcy, new laws were instated to ensure that individuals and businesses had valid reasons for applying for bankruptcy.

One of the primary laws regarding bankruptcy that was passed in the United States in 2004 is the Bankruptcy Abuse Prevention and Consumer Protection Act. This law just went into effect in October 2005, but has already caused quite a stir in the financial and bankruptcy law arenas. Besides making it more difficult to qualify for Chapter 7 bankruptcy, or complete bankruptcy, the law imposes stricter rules and budgets on Chapter 13 debtors.

A major change the law makes throughout the United States is the need for debtors to have filed tax returns for four years in a row before qualifying for bankruptcy. As well, dischargeable debts, or those debts where personal liability is taken away by the court system, is more difficult to come by. The Act requires that debtors prove good reason for dischargeable debt and is even requiring more debtors to take responsibility with non-dischargeable debt budgets.

As far as the two major types of bankruptcy laws are concerned, Chapter 13 bankruptcy is that which allows the debtor to keep some assets upon proving only limited debt and a steady income. This bankruptcy is excellent for those debtors who have gotten themselves into major financial difficulty but still have means of paying for some assets. The court will set up a repayment schedule and budget that allows for full repayment of mortgages or cars within three to five years.

If repayment is simply not an option, the bankruptcy law requires that a debtor will file for Chapter 7 bankruptcy. This is often referred to as complete liquidation of assets, except for exempt items. Exempt items in a bankruptcy hearing are determined by the court and are usually items that are a necessity, such as a car or work related items. As well, the courts will distribute debts into two categories: non-dischargeable and dischargeable debt.

Non-dischargeable debts also fall into two categories: non-dischargeable due to wrongful conduct on the debtor and non-dischargeable due to public policy. Wrongful misconduct by the debtor could mean theft or laundering money while public policy could include child support payment or court related judgments.

Keep in mind that in either type of bankruptcy, an individual is almost always required to still pay for taxes, student loans, alimony, child support or court related fees. This is the place where many bankrupt parties are misled in the Chapter 7 bankruptcy, as it is often referred to as "a fresh start". While the court can set up payment plans to help the debtor repay public policy debts, even Chapter 7 debtors will still be required to make payments.

Another major point regarding bankruptcy law is that a bankruptcy will stay on a credit report for approximately ten years. This will make it extremely difficult to become eligible for any type of credit, even a credit card, but especially for a car loan or a house mortgage. While some creditors will still offer limited credit to bankrupt individuals, the interest rates and finance charges are usually through the roof. This makes it even more difficult for debtors to get back on their feet.

Last but not least, keep in mind that bankruptcy law will require any co-signers to be responsible for debt payments. If mom or dad signed for a car loan when you were young and you still owe on that car, they are liable for payments. These friends or family members who were once doing you a favor may be brought into the bankruptcy law court proceedings, which can put a strain on friendships and family relations.

For specific bankruptcy law questions it is best to contact a bankruptcy attorney or legal aide in your county or state. Bankruptcy laws and proceedings may vary slightly from state to state, so be sure to make contacts in the state where you plan to file for bankruptcy.

How to Build a Print Business Without Owning A Print Shop

You can own a legitimate business and make top dollars by becoming a print broker or print specialist. This is a person who sells on behalf of an actual printer or a middle man who locates and serves customers. Print brokers are independent, as they're not directly employed by the printing companies they represent. Your number one arsenal to being successful as a print broker is customer service. See, you will need repeat customers to grow and build up your business even greater than any single printer who prints for you.

Look at it as printers working for you at their various locations. You hire a printer to print what your customers request, e.g. booklets, catalogs, brochures, business cards, flyers, etc. You may want to focus on specific items as there are so many different products out there to print. With the power of the internet, now you can hire a printer anywhere and sell to customers everywhere.

Ok, here are the basics for becoming a Print Broker:

1. Set up Shop
You will need to set up an office area to operate from. It should include a phone, fax, computer, and a file cabinet. Keep your work area as detailed as possible, this will keep you mind clear and allow you to be on top of your business. Make sure you have a good answering machine to take messages when you are not in office. You can use your same phone line for fax if you can't afford a fax line right now.

2. Find Printers who are willing to sell to you at Wholesale Prices
The easiest way to find these printers may be to search your local phone directory or just search the internet. Call them up and ask if they have a print broker program or if they would be willing to sell their print services to you at a wholesale price – it must be at a 15% discount or more. Most printers who already have a print broker program will have a contract ready for you to sign.

3. Choose the products that you are going to offer for printing and set your own prices.

The most popular products that businesses use are things like business cards, letterheads, envelopes, brochures, flyers, presentation folders, labels, inserts, postcards, etc. You could even get into printing promotional items like bags and pens, but that's a whole new area that you could explore. Remember I told you that customer service will be your number one arsenal in this business. So you don't have to marginalize your profits, just stress value and offer customer service second to none.

4. Promote your Print Broker Business
(a) Print and distribute business cards, flyers and postcards to places that people visit frequently (like restaurants, barber shop and salons, clubs etc.).
(b) Mail postcards to new businesses – you can get the new business listings at your local county court house or search online
(c) Word of mouth – tell everyone you know about your new business venture, friends and families. Give them one of your business cards.
(d) Website – put your website address on everything you use like business cards etc. You can get good advice on how to promote your website at

5. Maintain and keep in touch with your customer base
One of the most effective methods that will build your business is word of mouth – when your satisfied customers tell others about you. So you will want to send your customers holiday cards, specials by mail or e-mail, call them by phone or whatever it takes to remind them about your great service. You could also invite your top customers out for lunch.

It's not unheard of to make 5000 to 20,000 dollars a month just being the middle man or woman. Just remember that you must be dedicated and have a willingness to act. Read, keep up to date with trends and increase your marketing skills.

Yoga Diet

One of the essential things about yoga, together with the positive attitude, is the diet. It is highly recommended to perform your yoga session after about 2 hours from a main meal. Many specialists agree that what we eat is reflected both in our appearance, as well as in our health state. In other words, it is important to mind the things we consume, in order to prevent illnesses and discomforts.

However, the question related to what does healthy food mean, remains a constant reason of inquiry for many people. According to reliable studies, a very diversified diet represents the ideal food for any human organism. However, fruits and vegetables, containing fibers and vitamins should be a permanent component of your daily meals. Furthermore, everything that can be defined as natural food is recommended, when it comes to preserving your state of well being.

Despite the fact that many people try to eat as little as possible, as they believe food can produce them harm, you have to keep in mind that your body needs nutrients, in order to properly function. Nevertheless, do not exaggerate when eating, even if you are consuming healthy food, because it will not have the same beneficial effect on you. Try to stop eating once you are not hungry anymore, or, even better, stop before reaching the full saturation state. By doing this, you will discover that the state of fatigue, which we sometimes experience after eating, is considerably diminished, while your energy level goes up substantially.

Another issue related to eating is how often should a healthy person eat? Should we have three meals a day? Should we avoid having dinner, in order to prevent becoming overweight, because we do not move sufficiently during the night? Or is it better not to have lunch, so that you do not have to deal, in the middle of the day, with the unpleasant sensation of fatigue, which we experience after serving a consistent meal? Well, the right answer to all these questions would be to eat whenever you are hungry, as your body needs to be fed in order to function at the standards you desire, but, nevertheless, pay attention to what and how much you are eating.

More than a simple energy source, food can be a way of purifying one's body and soul, which is why, together with the variety of exercises, yoga trainers encourage the practitioners to keep a wise diet, based mainly on natural food. This way, their body is protected from the danger of contracting toxins and it is prepared, at the same time, to find the synchronization with the soul and mind, which is actually one of the main goals of yoga practices.

As a final remark, when carrying out constant yoga practices it is important, in order to reach your goals, to meditate both on what you are doing to your own body, as a direct consequence of the food you are eating, and to what level you respond to your soul's and mind's needs.