Welcome!

Agile Computing Authors: Liz McMillan, Zakia Bouachraoui, Elizabeth White, Pat Romanski, Maria C. Horton

Related Topics: Release Management , Agile Computing

Release Management : Article

Reasons Why People File For Bankruptcy

Eliminate the legal obligation to pay many of the debts

Personal Bankruptcy on Ulitzer

Eliminate the legal obligation to pay many of the debts: The goal of a discharge is to reduce debts and to give a fresh start; both the chapter 7 and chapter 13 can eliminate all kind of debts.

Stop foreclosure: A home foreclosure can directly be stopped by chapter 13 bankruptcy laws, so one can be rest assured that bankruptcy can save his home.

Prevent other properties like car or other valuables from being reposed, and even though the car has been already reposed, it can be returned back by <a href="http://www.fileyourbankruptcy.org/">filing bankruptcy</a>.

During times of natural accidents in the family, filing of chapter 7 can greatly reduce the amount for the medical bills. Many families have to make choices on allocation of bills. Often, bills that were once important become insignificant to the large medical bills acquired by a loved one.

Recent loss employment: A recent loss of employment is another reason where bankruptcy proves to be a boon in disguise. A family with a sudden loss of job may not be in the position to afford their medical bills. This indirectly also leads a family towards insurance protection.

Stop harassing behavior from the creditors: Bankruptcy will put a hold to the demands and stops with the harassing calls as soon as the filing is done; it now becomes the responsibility of the court to deal with the creditors.

Bankruptcy prevents the utility to be shut off. Utility can save you from staying in darkness, although the home is under the fore closer.

Bankruptcy is the only way to take care of student loan debt. Although bankruptcy does not discharge a lot of unsecured debts, but it takes care of the student loan. This is an additional advantage which bankruptcy can take care of.

The possibility of destructive nature: Nature of an individual do make a lot of difference as it makes the individual reckless and less concerned about the debts that he still owes. Divorce, gambling, reckless spending are some of the examples of self-destructive behavior.

Charges claims to fraudulent creditors: bankruptcy can challenge the creditors as well, if they proof to be fraudulent. There are attorneys to take care of the claims on behalf of the debtor.

Investing in a business without proper investigation can also lead to sudden bankruptcy as a business can suffer from heavy loss at any point of time. If we have a control on this, a lot of things could be saved. If these actions are avoided, the risk of bankruptcy is greatly lessened.

If we consider the latest statistics we will definitely find that there is a decrease in the level of people filing for bankruptcy as now the bankruptcy rules are very stringent and a lot of restriction is also applied to it. If anybody wishes to file for bankruptcy he first has to undergo a counseling session under a government approved agency.

 

More Stories By Rebecca Miller

Rebecca Miller is an eminent writer of bankruptcy issues. She had been writing on bankruptcy for quite some time. Her articles helped many people to get valuable insights regarding bankruptcy and also help them to file for bankruptcy.

IoT & Smart Cities Stories
Moroccanoil®, the global leader in oil-infused beauty, is thrilled to announce the NEW Moroccanoil Color Depositing Masks, a collection of dual-benefit hair masks that deposit pure pigments while providing the treatment benefits of a deep conditioning mask. The collection consists of seven curated shades for commitment-free, beautifully-colored hair that looks and feels healthy.
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
We all love the many benefits of natural plant oils, used as a deap treatment before shampooing, at home or at the beach, but is there an all-in-one solution for everyday intensive nutrition and modern styling?I am passionate about the benefits of natural extracts with tried-and-tested results, which I have used to develop my own brand (lemon for its acid ph, wheat germ for its fortifying action…). I wanted a product which combined caring and styling effects, and which could be used after shampo...
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.