My ex told the District Court that have an abundance of money to keep secret, and the Court granted their $ 800 in child support without proof of need. I have been divorced for two years. In 2007, I presented a c.13 because courts have taken everything I had and gave it to my ex. I am and have been broken for two years and can not afford even a box to live …. NOW in federal bankruptcy court, not struggle. She admits, in principle, I broke and she accepts their money back by the c. 13. What basically is two short of two different stories. I'm willing to put his lies to justice, but I can not afford a lawyer. Any help is true that the Court can not have what I have. Instead, throw me in jail. There are two weeks now. The judge did not care.
You must have court transcripts to validate what you say, and go to public assistance and must be able to help with a lawyer if you're that broke. Homeless people have the same legal representation. It helps you if your right and you can taste the luxury of not meeting their needs ..
House Judiciary Committee Endorses Congressman Cohen’s Bankruptcy Judge Bill
I know there are many out there. I know you find one that is "No Nonprofit. "But I'm sure some are better than others, just want to choose the best. I live in Oregon, where a difference.
I agree with Slimick I consumer credit counseling for several years and they are very good. They lowered my interest rate and monthly payments and was debt free in 36 months. You can reach them at 1-800-388-2227.
I have read that foot travelers in the desert are destined to walk in circles because most of us have one leg slightly longer than the other. And while it may seem you are walking in a straight line, you are actually walking in great circles because the longer leg tends to push you ever so slightly into the opposite direction.
In order to keep from walking in circles we need points of reference or guideposts. If you travel at night you can use the stars to direct you, or the sun in the early morning and early evening. We need a mountain top or some distinguishing part of the landscape to counteract and override our natural walking tendency. The problem right now is there are too many guideposts and they offer conflicting advice.
Here are some examples:
- Mercedes car sales are off 35% but debutante balls in Houston, New York and elsewhere are huge, expensive and well attended affairs.
– American companies laid-off 2.6 million workers in 2008…BUT 45 jobs go unfilled at the Los Angeles Times for reporters who can manipulate digital information. We have a national shortage of nurses and pharmacists.
– Long term fixed rate mortgage interest rates are near an all time low and the affordability index is at an all time high, BUT home buyers find it difficult to get approved.
– Americans are finally saving again BUT there is no incentive to do so, with bank’s paying 2% interest, US treasuries bills paying 0% interest, and the S&P 500 index paying 3.14% dividends.
– America’s corporations have more cash and are in better financial condition than anytime in the last ten years, BUT corporations are declaring bankruptcy in record numbers.
-The number of voters paying no income tax reached an all time high. AND charitable giving also reached an all time high in 2007 of $306 billion. Two million acres of land was added to wilderness roles (cannot be developed or even managed) last year.
-People on the dole reached a 26 year high of 4.6 million, BUT the average Firefighter in Vallejo, California earns $171,000, and a San Francisco county jail nurse earned more than $350,000 in 2007 and will make more in 2008.
There are always plenty of guideposts, but right now there are just too many contradicting one another. Add to this confusion the extreme volatility in commodities, financial assets, currencies and full time employment.
– Lumber hit a twenty three year low at $139 per thousand board feet. Lumber mills are closing.
– Oil is $37 a barrel, down 70% from its high last July of $147 a barrel
– Aluminum price declined 70% from its high last summer
– Loan issuance plunged 55% in 2008 from $1.69 trillion in 2007 to $764 billion in 2008, the lowest since 1994.
– US stock market declined 38% last year, the worst since 1931.
– Underemployment is approaching 14%
– US Dollar against the Euro started and ended the year at about 1.4, after it zoomed higher by 23% in the third quarter only to plunge by nearly 20% in the fourth quarter.
This extreme volatility, both up and down and up and down again, is making it very difficult to plan. Lack of visibility and the lack of predictability make it too difficult and risky for businesses to commit to new projects, and for individuals to commit to new investments. Risk-taking is discouraged.
And we have been treated to a non-stop litany of bad news for the last six months from the media. There is good news, but it is not being reported. Good news does not sell newspapers or increase viewership.
While it is too soon to be certain, it looks to me like we have seen the peak in fear and we are at or close to the bottom in the stock and bond markets. That does not mean a recovery.
The panic we saw during the 4th quarter was something to behold. It drove all treasury investments, (supposedly risk-free) to historic lows. The 3 month T-bill went slightly negative, which means you pay the US government to invest in its bonds, and the 10 year Treasury note reached 2.0%.
92% of all US stocks declined in price during the quarter. High yield bonds hit a historic high against Treasuries of 22% over the 10 year Treasury note. There was no place to hide.
So, where are we? Are we walking in giant circles with the illusion we are getting somewhere? It is extremely hard to read the guideposts right now and chart out a safe path. It is impossible to make useful long term business plans with the lack of visibility and predictability in the price and availability of resources.
What to do?
Wait. Don’t wander. Wait for the guideposts to get clearer. Wait for visibility.
If you are already invested in safe, high yielding assets, stay there. If you are in cash, don’t be in any hurry to leave. There will be plenty of opportunities. If you are not saving, start.
I believe this turmoil and uncertainty is a long term positive for our economy. We have misallocated resources for 20 years now. And we must suffer loss before the reallocation of resources to more productive uses can begin.
Live long and prosper,
Mike Williams, CFA January 31, 2009
About the Author
Mike Williams is a professional money manager and Chief Investment Officer for Panhandle Portfolios, Inc. he’s also the editor for “True Income” newsletter for Stansberry Research, an independent investment research firm. Mike has a BBA from the University of Massachusetts, an MBA from Southern Illinois University, and has held the Chartered Financial Analyst (CFA) certification since 1990, Certificate #13376.
He has been a credit analyst, a foreign exchange exposure analyst, an international pension expert, an international equity portfolio manager, a Japanese stock analyst, and the founder and chief executive officer of several companies engaged in a variety of business ranging from commercial real estate in New England to recycling electronics in China.
Regulation and Ideology
The regulatory rationale for OTC derivatives stems from the use of derivatives to circumvent existing regulations and tax laws. Investors prohibited from investing in certain financial instruments can assume virtually identical positions in unregulated OTC derivative markets. Alex Jones – Bob Dacy Pt4
Bankruptcy Attorneys Rancho Cucamonga – Go For Expert Advice
They know how to negotiate to save you from foreclosure by letting you file bankruptcy under the chapters defined and one which suits you to provide relief for the better. It is with reference to the bankruptcy attorneys to deal with things in the best articulated manner. Getting into trouble by not able to meet debt obligations can be troublesome for almost every business venture, whether it is a small business establishment or a million dollar corporation and it can also happen to individual households. In such a scenario, filing bankruptcy can be the savior but doing it without expert guidance may lead to disaster.
In conditions, when during bankruptcy the debtor pays back to the creditors and this procedure which is voluntary and involuntary as prescribed by the National Bankruptcy Act is well understood by the bankruptcy attorneys. Under the guidance of a bankruptcy attorney, the debtor can take a sigh of relief as the assets are well set in order and the files for bankruptcy are taken care to its maxim.
There are more stringent laws that a debtor has to pass through, which comes, under the Bankruptcy Abuse Prevention & Consumer Protection Act liquidated through Chapter 7, or through a repayment plan under chapter 13 guidelines of Bankruptcy law. This decision is somehow difficult to take single handedly and a bankruptcy attorney can make a debtor decisive on the choice. Not just the decision of what chapter to file, bankruptcy attorneys must be consulted for other intricacies and about the necessary forms to discharge debt.
Bankruptcy attorneys are well aware of the bankruptcy laws and how to apply for the same in order to provide relief to individuals and business undertakings from the ills of indebtness to avoid foreclosure. Bankruptcy attorneys can provide with best advice and make the debtor aware of the Title 11 of the United States Code or the bankruptcy code that regulates the bankruptcy proceedings.
How to find a Bankruptcy Attorney?
Bankruptcy attorney who is assigned with the job of providing relief to a debtor must have extensive knowledge and experience of handling bankruptcies from inception to completion and must be well acquainted with tactics for favorable and affordable debt negotiation settlements on unsecured credit cards. Many bankruptcy attorneys today have the experience of client intake, petition work in Chapter 13 and Chapter 7, motions and responses, and adversarial actions. The task of finding one with such an attribute can be a daunting task however the yellow pages can help find a bankruptcy attorney residing near you, or someone who has gone through a bankruptcy proceedings and is confident about the caliber of the bankruptcy attorney who handled his or her case, can keep you more relieved and let the attorney do the rest of it.
If you reside in one of the county in United States then bankruptcy attorneys with experience of appearing in the Court and Trustee Rooms of the Eastern and Central Districts of California, the Riverside/San Bernardino, Santa Ana, Los Angeles and San Fernando Valley Divisions, Los Angeles, Orange, San Bernardino and Riverside Superior Courts can provide relief.
You can, by the recommendation of other attorneys, can get in touch with bankruptcy attorneys who would like to help or a trusted family member can guide you in the right direction. With such a reference you could be rest assured of the attorney’s competence to deal with bankruptcy proceedings and make negotiation until the final discharge takes place.
About the Author
Mark Haven, is the author for this article which informs about the need to make the important decision of assigning an experienced bankruptcy attorney for expert opinion and best dealing while filing bankruptcy with suggestions to file a respective chapter as well. Visit http://www.stonehavenlaw.com
