What to Consider When Filing for Personal Bankruptcy & What You Don’t Want to Know About Bad Meetings

President Bush in April signed into law The Bankruptcy Abuse and Consumer Protection Act. This bill promises many changes to law, and will make it more hard for the average person in financial distress to have debts removed with bankruptcy. Recent social and economic changes indicate that those considering a bankruptcy should do so now, as the queue is getting longer.

It will be now be harder to file under The boards 7 of the code, which allows the courts to wave consumer debt and give the debtor a new initiation. Filings posted will be tested and those who have a clad income it seems will have to file under a more dogged The boards 13, which demands repayment by installments and the help of a lawyer. Now looming, bankruptcy filings are not only higher than they were previously, but are also higher than expected. Across the country, filings are substantially higher than last year, and some bankruptcy practitioners say that their business has augmented dramatically.

To make it more confusing is another law that requires credit card companies to establish a payment schedule that permits consumers to repay debts in amended installments. Since early year, most credit card providers have doubled their smallest payments. An average person with say $12,000 in credit card debt will have approximate monthly payment increases from between $150 to $450, an boost most people can ill afford.

This boost in bankruptcy filings has overwhelmed bankruptcy lawyers, who face a burden of being liable for fake information filed by clients once the new law takes effect. Certainly an unwelcome change. This additional liability, collectively with the additional tasks, has prompted many lawyers to raise fees substantially over the same time as last year.

What does this mean for terrible debt? From here on, bankruptcy filings will be more confusing, complicated and costly. The system is already overloaded with bankruptcy cases. If you suspect you’re in the bankruptcy category, you should go on it now. Waiting even another day could be too late.

What You place on’t Want to Know About Terrible Meetings

Terrible meetings are a cultural malady that senior executives pass on to new employees.

Long pointless meetings are useful in that they keep incompetent people from interfering with those who are working.

An worker who needs permission to buy a box of paperclips can spend tens of thousands of dollars worth of worker time on terrible meetings.

Many people attempt to save time by Not plotting. This fake fleeting cut guarantees that everyone will spend more time later.

Shapeless spontaneity leads to serendipity, which (in business) leads to bankruptcy.

Meetings are a magnetic opiate that keeps people from the tasks they were hired to perform.

The main activity in many meetings consists of simple chit chat. If it’s an valuable meeting, then this becomes sincere chit chat.

A meeting without an agenda is like a journey without a map.

A teleconference without an agenda is like a journey without a map, in the dark.

Most meetings are social street lamps attracting the unproductive moths in an organization.

People fail to prepare an agenda for two reasons. They reckon they’re saving time and they don’t know what to place in it.

Expecting a meeting to produce results without an agenda is like expecting the Easter bunny to house eggs on your doorstep.

Terrible meetings waste a fortune. My surveys show that companies waste nearly 20% of their payroll on terrible meetings.

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