This article provides useful, detailed information about Chapter 7 Bankruptcy.
Bankruptcy is a legally declared inability of individuals or businesses to discharge their debts. A declared state of bankruptcy can be requested not only by creditors in an effort to get what they are owed but also by the insolvent individual or organization. If it is difficult to repay debts, declaring the bankruptcy may be the right solution to debt problems.
Out of six basic types of under the Bankruptcy Code, Chapter 7 is a \"liquidation\" of nonexempt assets to pay debts. In a court-supervised procedure, a court appoints a trustee who liquidates the non-exempt assets of the debtor\'s estate and makes distributions to creditors. The Bankruptcy Code allows the debtor to keep certain exempt property; but a trustee will liquidate the debtor\'s remaining assets.
According to the amendments to the Bankruptcy Code enacted in to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, if a debtor\'s income is in excess of certain thresholds, the debtor may not be eligible for chapter 7 relief. Filing a petition under chapter 7, automatically stays most collection actions against the debtor or the debtor\'s property, but potential debtors should realize that the filing of a petition under chapter 7 might result in the loss of property.
After Chapter 7 bankruptcy, one will not longer owe money on credit cards, unsecured loans, unpaid hospital, medical and utility bills and unpaid rent. But debts like state and federal taxes (unless they are more than three years old), child support required by law; alimony, government-backed student loans, debts due to fraud, fines, penalties and debts due to willful injury to another person or property are not eliminated by Chapter 7 bankruptcy.
Just a few months after the petition is filed, in most chapter 7 cases, the individual debtor receives a discharge that releases debtor from personal liability for certain dischargeable debts. ThusFind Article, chapter 7 Bankruptcy is designed to give the debtor a new start and a chance to live with sound financial management.
ABOUT THE AUTHOR
Chapter 7 Bankruptcy Law provides detailed information on chapter 7 bankruptcy, chapter 7 bankruptcy law, filing chapter 7 bankruptcy, chapter 7 bankruptcy form and more. Chapter 7 Bankruptcy Law is affiliated with Chapter 13 Trustee.
Tuesday, May 15, 2007
Monday, May 14, 2007
Business Bankruptcy Laws
This article provides useful, detailed information about Business Bankruptcy Laws.
Businesses, companies, and firms can file for bankruptcy if they are on the verge of failing all their creditors and losing their position in the market. The laws that deal with such cases are federal bankruptcy laws or Chapter 11 and Chapter 13 laws.
One advantage of filing under federal bankruptcy law instead of under Chapter 7 is that this does not require the liquidating of the company. Instead, the company will be run along with the debt being paid as decided, which will give the firm or company a chance to try to make profits again. However, all the decisions made by the management after the case is files must be approved by the federal court.
In case the company files for bankruptcy under Chapter 11, all the assets remain with the company. The company may liquidate stocks and such to pay off some part of the credit but this can be solely at the company\'s discretion. However, regular reports must be sent to the court as to any decision being made in the company.
Cases filed under this law are usually very expensive and take a long time to resolve since they deal with a number of people involved in the company instead of with just one individual as in other cases. Even the filing fee for such cases is very expensive. The management must be in a position to incur all such costs when filing the case. Also, a lot of planning must be done before filing the case to avoid too many delays later in the case.
The company can form a committee of creditors to come up with a plan to repay their debts. This involves simultaneously running the company and incurring new expenses and following a court-approved plan to pay off the debt. It is suggested to have attorneys in the committee to avoid litigations in the future relating to this plan.
ABOUT THE AUTHOR
New Bankruptcy Laws provides detailed information on Bankruptcy Laws, New Bankruptcy Laws, Chapter 7 Bankruptcy Laws, Chapter 13 Bankruptcy Laws and more. New Bankruptcy Laws is affiliated with New York Bankruptcy Lawyers.
Businesses, companies, and firms can file for bankruptcy if they are on the verge of failing all their creditors and losing their position in the market. The laws that deal with such cases are federal bankruptcy laws or Chapter 11 and Chapter 13 laws.
One advantage of filing under federal bankruptcy law instead of under Chapter 7 is that this does not require the liquidating of the company. Instead, the company will be run along with the debt being paid as decided, which will give the firm or company a chance to try to make profits again. However, all the decisions made by the management after the case is files must be approved by the federal court.
In case the company files for bankruptcy under Chapter 11, all the assets remain with the company. The company may liquidate stocks and such to pay off some part of the credit but this can be solely at the company\'s discretion. However, regular reports must be sent to the court as to any decision being made in the company.
Cases filed under this law are usually very expensive and take a long time to resolve since they deal with a number of people involved in the company instead of with just one individual as in other cases. Even the filing fee for such cases is very expensive. The management must be in a position to incur all such costs when filing the case. Also, a lot of planning must be done before filing the case to avoid too many delays later in the case.
The company can form a committee of creditors to come up with a plan to repay their debts. This involves simultaneously running the company and incurring new expenses and following a court-approved plan to pay off the debt. It is suggested to have attorneys in the committee to avoid litigations in the future relating to this plan.
ABOUT THE AUTHOR
New Bankruptcy Laws provides detailed information on Bankruptcy Laws, New Bankruptcy Laws, Chapter 7 Bankruptcy Laws, Chapter 13 Bankruptcy Laws and more. New Bankruptcy Laws is affiliated with New York Bankruptcy Lawyers.
Atlanta Bankruptcy Lawyers
This article provides useful, detailed information about Atlanta Bankruptcy Lawyers.
Bankruptcy derives its meaning from the Italian word \"banca rotta\", which means broken bench. Broken bench represents the ancient Italian custom of breaking a businessman\'s trading bench if he did not pay his debts. Over the centuries, the law has been framed to protect the interests of both creditors as well as debtors as a decent way to manage the debtor\'s financial crisis. The US bankruptcy law is a court process for managing bankruptcy that may hit both consumers as well as businesses. A bankruptcy lawyer would help to eliminate and repay debts as per the bankruptcy court\'s protection system.
Bankruptcy is of two kinds: liquidation and reorganization. Liquidation bankruptcy, covered under Chapter 7, involves the wiping out of the debts by selling nonexempt property and using the credits to pay the creditors. On the other hand, in a reorganization bankruptcy, which is covered under Chapters 11, 12 and 13, the debtor makes a plan to repay either a part of the debt or the entire debt. The pay off period under reorganized bankruptcy is usually around 3 to 5 years.
Hiring a lawyer in a bankruptcy case would prove to be very useful at all stages of the bankruptcy process. Bankruptcy lawyers would help in settling unsecured accounts like credit cards, personal loans, utility bills etc for less than the debt amount, thus providing an alternative to bankruptcy. Bankruptcy lawyers would also help to evaluate the options as to the kind of bankruptcy that has to be filed. They also help to settle assets in order and handle the files if the debts are too large and involve considerable assets.
Bankruptcy forms in Georgia are also similar to those in other states, though some additional forms may be required as per local rules. Atlanta bankruptcy lawyers are bound by the fee guidelines given by the Atlanta bankruptcy court. These fees are similar to those paid to bankruptcy lawyers in other major metropolitan area in the US. While choosing a bankruptcy lawyer in Atlanta, care should be taken to select one who has experience in handling bankruptcy cases and who has a proven track record of handling such cases successfully.
Information about Atlanta bankruptcy lawyers is available in yellow pages, via search engines like Google and Yahoo, and through advertisements of law firms. There are also attorney directories available on the internet which would provide comprehensive information about Atlanta bankruptcy lawyers. Information about Atlanta bankruptcy lawyers is also available through the county bar association and the state Bar AssociationPsychology Articles, which is a part of the American Bar Association. Friends and family members may also provide useful referrals for good bankruptcy lawyers.
ABOUT THE AUTHOR
Atlanta Bankruptcy Lawyers provides detailed information on Atlanta Lawyers, Atlanta Bankruptcy Lawyers, Atlanta Criminal Lawyers, Atlanta Employment Lawyers and more. Atlanta Bankruptcy Lawyers is affiliated with Atlanta Personal Injury Laws .
Bankruptcy derives its meaning from the Italian word \"banca rotta\", which means broken bench. Broken bench represents the ancient Italian custom of breaking a businessman\'s trading bench if he did not pay his debts. Over the centuries, the law has been framed to protect the interests of both creditors as well as debtors as a decent way to manage the debtor\'s financial crisis. The US bankruptcy law is a court process for managing bankruptcy that may hit both consumers as well as businesses. A bankruptcy lawyer would help to eliminate and repay debts as per the bankruptcy court\'s protection system.
Bankruptcy is of two kinds: liquidation and reorganization. Liquidation bankruptcy, covered under Chapter 7, involves the wiping out of the debts by selling nonexempt property and using the credits to pay the creditors. On the other hand, in a reorganization bankruptcy, which is covered under Chapters 11, 12 and 13, the debtor makes a plan to repay either a part of the debt or the entire debt. The pay off period under reorganized bankruptcy is usually around 3 to 5 years.
Hiring a lawyer in a bankruptcy case would prove to be very useful at all stages of the bankruptcy process. Bankruptcy lawyers would help in settling unsecured accounts like credit cards, personal loans, utility bills etc for less than the debt amount, thus providing an alternative to bankruptcy. Bankruptcy lawyers would also help to evaluate the options as to the kind of bankruptcy that has to be filed. They also help to settle assets in order and handle the files if the debts are too large and involve considerable assets.
Bankruptcy forms in Georgia are also similar to those in other states, though some additional forms may be required as per local rules. Atlanta bankruptcy lawyers are bound by the fee guidelines given by the Atlanta bankruptcy court. These fees are similar to those paid to bankruptcy lawyers in other major metropolitan area in the US. While choosing a bankruptcy lawyer in Atlanta, care should be taken to select one who has experience in handling bankruptcy cases and who has a proven track record of handling such cases successfully.
Information about Atlanta bankruptcy lawyers is available in yellow pages, via search engines like Google and Yahoo, and through advertisements of law firms. There are also attorney directories available on the internet which would provide comprehensive information about Atlanta bankruptcy lawyers. Information about Atlanta bankruptcy lawyers is also available through the county bar association and the state Bar AssociationPsychology Articles, which is a part of the American Bar Association. Friends and family members may also provide useful referrals for good bankruptcy lawyers.
ABOUT THE AUTHOR
Atlanta Bankruptcy Lawyers provides detailed information on Atlanta Lawyers, Atlanta Bankruptcy Lawyers, Atlanta Criminal Lawyers, Atlanta Employment Lawyers and more. Atlanta Bankruptcy Lawyers is affiliated with Atlanta Personal Injury Laws .
Bankruptcy Articles
This article provides useful, detailed information about Second Mortgage Loans After Bankruptcy.
The purpose of bankruptcy is to give the debtor a new start in his life by repaying creditors in a systematic way. Thus, bankruptcy does not prevent anybody from taking a loan. Today, the lending rules are becoming much more relaxed, and you should not worry that you have lost your dream to buy a home or acquire a property even after you have gone bankrupt.
A second mortgage after bankruptcy requires at least two years waiting on part of the borrower. He should also pay all the bills on time during this period and save for the down payment amount, if possible. One fact that you have to keep in mind is that you may not qualify for the best interest rates, but your determined efforts to re-establish your credit could convince the creditor. A large down payment might impress the lender, and he may offer a lower interest rate. PMI is the other factor that would be involved, due to the poor credit history. Avoid mortgages with two to three years of prepayment penalties. Remember, the rates on mortgage after insolvency may be up to 12 times higher than that of the regular mortgage.
If you plan to get a mortgage within two years of bankruptcy discharge, you have to provide evidence for the flawless on-time payments you have made since your bankruptcy. But after the two-year waiting period, it is easy to get a mortgage with a small down paymentArticle Search, and you may even qualify for a 100% mortgage.
ABOUT THE AUTHOR
Second Mortgage Loans After Bankruptcy provides detailed information on Second Mortgage Loans, Second Mortgage Loans After Bankruptcy, Second Home Equity Mortgage Loans, Second Mortgage Loan Rates and more. Second Mortgage Loans After Bankruptcy is affiliated with Florida Mortgage Loan Calculators.
The purpose of bankruptcy is to give the debtor a new start in his life by repaying creditors in a systematic way. Thus, bankruptcy does not prevent anybody from taking a loan. Today, the lending rules are becoming much more relaxed, and you should not worry that you have lost your dream to buy a home or acquire a property even after you have gone bankrupt.
A second mortgage after bankruptcy requires at least two years waiting on part of the borrower. He should also pay all the bills on time during this period and save for the down payment amount, if possible. One fact that you have to keep in mind is that you may not qualify for the best interest rates, but your determined efforts to re-establish your credit could convince the creditor. A large down payment might impress the lender, and he may offer a lower interest rate. PMI is the other factor that would be involved, due to the poor credit history. Avoid mortgages with two to three years of prepayment penalties. Remember, the rates on mortgage after insolvency may be up to 12 times higher than that of the regular mortgage.
If you plan to get a mortgage within two years of bankruptcy discharge, you have to provide evidence for the flawless on-time payments you have made since your bankruptcy. But after the two-year waiting period, it is easy to get a mortgage with a small down paymentArticle Search, and you may even qualify for a 100% mortgage.
ABOUT THE AUTHOR
Second Mortgage Loans After Bankruptcy provides detailed information on Second Mortgage Loans, Second Mortgage Loans After Bankruptcy, Second Home Equity Mortgage Loans, Second Mortgage Loan Rates and more. Second Mortgage Loans After Bankruptcy is affiliated with Florida Mortgage Loan Calculators.
Sunday, May 13, 2007
Time Compression Technologies Magazine Expands Editorial Effort with TR Cutler
Editorial Effort Expands with contributing industrial journalist TR Cutler. Time-Compression Technologies continues its editorial commitment to valuable information, by having Cutler provide articles and special features that focus on strategies and technologies.
Thomas R. Cutler, President and CEO of the largest manufacturing PR and marketing firm, TR Cutler, Inc. (www.trcutlerinc.com), recently became a regular contributing industrial journalist to Time Compression Technologies magazine.
Time-Compression Technologies (www.timecompress.com) continues its editorial commitment to valuable rapid product development information, by having Cutler provide articles and special features that focus on strategies and technologies for reducing a product’s time-to-market while improving quality and managing costs.
Topics such as R&D, management, sales and marketing, Internet, engineering, tooling and manufacturing issues that affect product development leadtimes are examined each issue through technical articles, application stories, practical pointers and profiles written by leading experts like Cutler.
Time-Compression Technologies magazine has a qualified circulation of 20,000. Cutler’s most recent feature article contribution in the publication may be viewed at www.trcutlerinc.com along with several other samples of industrial journalism.
Thomas R. Cutler is also a contributing journalist for other important manufacturing and industrial publications:
- Advanced Manufacturing
- American Metal Market
- Business Integration Journal
- Canadian Manufacturers and Exporters
- Fabricating and Metalworking
- Food Engineering
- Food Quality
- InMFG magazine
- Industrial Computing/InTech
- IT for Industry
- Machine Design
- Manufacturing Automation
- Metalworking Production and Purchasing
- Moldmaking Technologies
- Plant Magazine
- Plastics News
- Quality Digest
- The Manufacturer
- Tool Moldmaking
Cutler continues to serve as the editor of the quarterly publication Manufacturing Profiles and authors more than three hundred feature articles annually for more than two hundred publications. Thomas R. Cutler also serves as the spokesperson for the ETO Institute (www.etoinstitute.org).
Cutler is the founder of the Manufacturing Media Consortium™ consisting of more than two thousand journalists worldwide writing about trends in the manufacturing sector. Cutler is the author of the best-selling PR guide, The Manufacturer’s Public Relations and Media Guide. Cutler is a national public speaker, and recently announced the August 2005 launch of PR Advantage™ -- the first national affinity PR program for Manufacturing Associations and their members.
TR Cutler, Inc.
www.trcutlerinc.com
954-486-7562
ABOUT THE AUTHOR
Professional Contributing Journalist reaching the Manufacturing Community Worldwide
Thomas R. Cutler, President and CEO of the largest manufacturing PR and marketing firm, TR Cutler, Inc. (www.trcutlerinc.com), recently became a regular contributing industrial journalist to Time Compression Technologies magazine.
Time-Compression Technologies (www.timecompress.com) continues its editorial commitment to valuable rapid product development information, by having Cutler provide articles and special features that focus on strategies and technologies for reducing a product’s time-to-market while improving quality and managing costs.
Topics such as R&D, management, sales and marketing, Internet, engineering, tooling and manufacturing issues that affect product development leadtimes are examined each issue through technical articles, application stories, practical pointers and profiles written by leading experts like Cutler.
Time-Compression Technologies magazine has a qualified circulation of 20,000. Cutler’s most recent feature article contribution in the publication may be viewed at www.trcutlerinc.com along with several other samples of industrial journalism.
Thomas R. Cutler is also a contributing journalist for other important manufacturing and industrial publications:
- Advanced Manufacturing
- American Metal Market
- Business Integration Journal
- Canadian Manufacturers and Exporters
- Fabricating and Metalworking
- Food Engineering
- Food Quality
- InMFG magazine
- Industrial Computing/InTech
- IT for Industry
- Machine Design
- Manufacturing Automation
- Metalworking Production and Purchasing
- Moldmaking Technologies
- Plant Magazine
- Plastics News
- Quality Digest
- The Manufacturer
- Tool Moldmaking
Cutler continues to serve as the editor of the quarterly publication Manufacturing Profiles and authors more than three hundred feature articles annually for more than two hundred publications. Thomas R. Cutler also serves as the spokesperson for the ETO Institute (www.etoinstitute.org).
Cutler is the founder of the Manufacturing Media Consortium™ consisting of more than two thousand journalists worldwide writing about trends in the manufacturing sector. Cutler is the author of the best-selling PR guide, The Manufacturer’s Public Relations and Media Guide. Cutler is a national public speaker, and recently announced the August 2005 launch of PR Advantage™ -- the first national affinity PR program for Manufacturing Associations and their members.
TR Cutler, Inc.
www.trcutlerinc.com
954-486-7562
ABOUT THE AUTHOR
Professional Contributing Journalist reaching the Manufacturing Community Worldwide
Choices: Negative Consequences or Positive Results of our Ethical Choices
For every choice there is a consequence! In today's environment of Enron, HP and other corporate scandels we find executives facing prison time. This series or articles illustrates, in a profound way, the outcome of the choices that are made. Each segment of this series exposes the lessons learned from Gallagher's prison experience. Through it all, the reader will find, that while the experience was painful, the powerful benefits that followed have opened new doors to greater awareness and benefit to others.
Over ten years ago I learned a profound lesson: You reap what you sow. While many people feel that they can avoid consequences - one thing is for sure – consequences are inevitable. Every choice we make will ultimately yield a result. In my case, unethical choices resulted in a prison sentence. The following is an excerpt from my journal. As I look back I now know that we have more control over our destiny than many think. Our choices can, in fact, yield negative consequences (prison as an example) or positive results (professional speaker and business executive today).
Perhaps the excerpt from my memoir may benefit others as they seek to recover from choices they made – afterall we do control prospective positive results since they are all found in the seeds we sow.
October 8, 1995.
Seems like each day is riddled with some emotion. At times, it seems the sadness comes in waves and is more than I can hold back. I feel much compassion, for some of these folks here. There seems to be two types of inmates here – those who will always be in trouble, and those who will grow from the experience and never be back.
This afternoon I went walking on a gravel track. I remember before arriving here, people calling this, “Club Fed." One thing I can assure them, it is no country club! As I was walking, however, I heard Elton John's, “The last song." Seems like every time I turn around, I am bombarded with emotion. A line in the song says, “I never thought I'd lose, I only thought I'd win." That's the way I felt. Then the thought came to me -- maybe by losing -- I win.
I wrote a letter this morning to the members of my former Sunday school class. It reads as follows:
Greetings from prison,Today is my first Sunday here, and I thought of you. It's 9:45 a.m. and you are just now getting together.
Prison is not bad -- but then I wouldn't recommend anyone join me. The warden's comments are, “you are here as punishment, not for punishment. This philosophy means that you are being held in prison, away from your family, your community, and not being allowed to leave without authorization.” The people here are, for the most part respectful.
I seem to be dealing with being here O.K., however, the pain I feel in being denied being with my children is tough. A parent's bond with their children is strong. Being away a week is not critical, but thinking of missing Christmas is tough. The time, I must spend away seems like an eternity to me. Hopefully, it will pass fast.
I joined the choir here. I always wanted to sing in a black choir -- so here I am. Reminds me of “Forrest Gump" in the church choir he sang in – swaying, hand clapping and all.
I attended church service this morning. There are some beautiful spirits here - I must say and I look at people differently now. I'm much less judgmental. What I did was wrong and you reap what you sow. I am now reaping. Yet, while people can make mistakes or get caught up in wrong things -- that doesn't take away the fact that they are still God's children. Worthy of forgiveness. I hope I never looked at the poor, the afflicted, the old, or deprived the same way I used to look at them in the past. As you stand here on a visiting day and observe a group of men waving to their families as they leave after a visit and see tears well up in their eyes -- you feel compassion and love.
Be thankful each day for what you have. Freedom is precious. Hug your children and tell them you love them -- they are truly a gift from God. Share with your husband or wife your love. It's funny how the little things in life are important -- having a home, your own clothing, food of your choice -- all these seem to be taken for granted.
I am thankful for you as my friends. Keep me in your prayers, along with my family. I will keep you in mine. I hope someday I'll be able to share this experience through speaking to others. How important it is to appreciate what we have. Most important is our relationship to each other. Money, cars, houses will all pass away -- we may not have the opportunity to show our love again.
Through this letter, I want to let you know, my love for you! God bless you, ChuckLooking back, my experiences placed me on the right track. As I journaled my experiences, I find that my efforts today to share with others, a message of hope and inspirationPsychology Articles, was well founded and the path is clear. For more articles or journals feel free to contact chuck@chuckallagher.com or go to www.chuckgallagher.com.
ABOUT THE AUTHOR
On a crisp October day in 1995, Chuck Gallagher took 23 physical steps… opened a door… and began a new experience that was life-changing. This series of articles explores that experience and the success that followed… while involving the reader in ways that could be life-altering for them. Gallagher captures the heart of the audience and defines Consequences from Ethical Choices in an honest way that deals with human emotion. For information on Chuck’s keynotes and workshops go to www.chuckgallagher.com.
Over ten years ago I learned a profound lesson: You reap what you sow. While many people feel that they can avoid consequences - one thing is for sure – consequences are inevitable. Every choice we make will ultimately yield a result. In my case, unethical choices resulted in a prison sentence. The following is an excerpt from my journal. As I look back I now know that we have more control over our destiny than many think. Our choices can, in fact, yield negative consequences (prison as an example) or positive results (professional speaker and business executive today).
Perhaps the excerpt from my memoir may benefit others as they seek to recover from choices they made – afterall we do control prospective positive results since they are all found in the seeds we sow.
October 8, 1995.
Seems like each day is riddled with some emotion. At times, it seems the sadness comes in waves and is more than I can hold back. I feel much compassion, for some of these folks here. There seems to be two types of inmates here – those who will always be in trouble, and those who will grow from the experience and never be back.
This afternoon I went walking on a gravel track. I remember before arriving here, people calling this, “Club Fed." One thing I can assure them, it is no country club! As I was walking, however, I heard Elton John's, “The last song." Seems like every time I turn around, I am bombarded with emotion. A line in the song says, “I never thought I'd lose, I only thought I'd win." That's the way I felt. Then the thought came to me -- maybe by losing -- I win.
I wrote a letter this morning to the members of my former Sunday school class. It reads as follows:
Greetings from prison,Today is my first Sunday here, and I thought of you. It's 9:45 a.m. and you are just now getting together.
Prison is not bad -- but then I wouldn't recommend anyone join me. The warden's comments are, “you are here as punishment, not for punishment. This philosophy means that you are being held in prison, away from your family, your community, and not being allowed to leave without authorization.” The people here are, for the most part respectful.
I seem to be dealing with being here O.K., however, the pain I feel in being denied being with my children is tough. A parent's bond with their children is strong. Being away a week is not critical, but thinking of missing Christmas is tough. The time, I must spend away seems like an eternity to me. Hopefully, it will pass fast.
I joined the choir here. I always wanted to sing in a black choir -- so here I am. Reminds me of “Forrest Gump" in the church choir he sang in – swaying, hand clapping and all.
I attended church service this morning. There are some beautiful spirits here - I must say and I look at people differently now. I'm much less judgmental. What I did was wrong and you reap what you sow. I am now reaping. Yet, while people can make mistakes or get caught up in wrong things -- that doesn't take away the fact that they are still God's children. Worthy of forgiveness. I hope I never looked at the poor, the afflicted, the old, or deprived the same way I used to look at them in the past. As you stand here on a visiting day and observe a group of men waving to their families as they leave after a visit and see tears well up in their eyes -- you feel compassion and love.
Be thankful each day for what you have. Freedom is precious. Hug your children and tell them you love them -- they are truly a gift from God. Share with your husband or wife your love. It's funny how the little things in life are important -- having a home, your own clothing, food of your choice -- all these seem to be taken for granted.
I am thankful for you as my friends. Keep me in your prayers, along with my family. I will keep you in mine. I hope someday I'll be able to share this experience through speaking to others. How important it is to appreciate what we have. Most important is our relationship to each other. Money, cars, houses will all pass away -- we may not have the opportunity to show our love again.
Through this letter, I want to let you know, my love for you! God bless you, ChuckLooking back, my experiences placed me on the right track. As I journaled my experiences, I find that my efforts today to share with others, a message of hope and inspirationPsychology Articles, was well founded and the path is clear. For more articles or journals feel free to contact chuck@chuckallagher.com or go to www.chuckgallagher.com.
ABOUT THE AUTHOR
On a crisp October day in 1995, Chuck Gallagher took 23 physical steps… opened a door… and began a new experience that was life-changing. This series of articles explores that experience and the success that followed… while involving the reader in ways that could be life-altering for them. Gallagher captures the heart of the audience and defines Consequences from Ethical Choices in an honest way that deals with human emotion. For information on Chuck’s keynotes and workshops go to www.chuckgallagher.com.
The Law that Rules
The Law that Rules is the article written by Steven Rosen and posted in "kansascity dot com" on March 27, 2005. Steven Rosen once a month offers basic economic concepts that can be easily explained to kids, so they can form their vision of how the real-adult world works. This time Rosen’s ninth installment (that is the way he calls his articles; altogether there will be twelve installments) explained the basic rule of economics: the rule of supply and demand.
He explains the law of supply and demand using dolls, stuffed animals, trading cards, plastic wristbands and other things that kids like to collect. Kids' collectibles are the things that they will be most willing to spend their money on. The topic of supply and demand was chosen because it is a necessarily starting point for understanding how the prices are formed. As examples that will be easily comprehendible by kids the author uses prices for pizza, toys, and iPods. Kids would buy all those things with their money, so it is a real life example that is closer to them than for example the formation of prices for oil. Rosen explains supply as the amount of a product or service that a business is willing to offer for sale; and demand as how much purchasers would buy and what they'd pay. Supply deals with production and demand with desire and popularity. Rosen is pretty close in his explanations, however, if we want to be precise in definitions then we will have supply as the quantity that producers are willing to sell at a given price. For instance, the soft drink manufacturer may be willing to produce 1 million packages of some soft drink if the price is $1 and significantly more if the market price is $2. The core determinants of the amount of packages of a soft drink that a company is willing to produce will generally be the market price of the good. Demand is the quantity that consumers are willing and able to buy at a given price over a period of time. For an illustration, a consumer may be willing to purchase 30 packages of a soft drink in the next year if the price is $1 per bag, and may be willing to purchase only 10 bags if the price is $2 per package. A demand schedule can be constructed that shows the quantity demanded at each given price. It can be represented on a graph as a line or curve by plotting the quantity demanded at each price. It can also be described mathematically by a demand equation. The main determinants of the quantity one is willing to purchase will typically be the price of the good, one's level of income, personal tastes, the price of substitute goods, and the price of complementary goods.
To make this concept simpler to children the author suggests asking children questions about the things that they collect. For instance, ask why some particular toy is special and more valuable than another one. The answer would probably be that particular items are limited or have unique design. Then Rosen proposes to go further and question kids what their actions would be if their friends or neighbors had an identical toy. Would they desire to exchange it? For how much would they price it? If, on the other hand, only one friend had it, would it increase the demand and what would the price be in that case? Rosen also tells to construct open-ended questions for kids, this way kids receive an opportunity to present their vision of the situation which significantly speeds up their understanding of the market. By using the examples that Rosen suggests, kids automatically get the idea of the price elasticity of demand and price elasticity of supply.
The author also gives other suggestions of explaining the rule of demand and supply. One of the cases is the formation of prices for fuel. Actually, supply and demand is only the part components that set the price. But the discussion can be focused on driving habits, cutting off the not necessary drivingScience Articles, drive a more fuel-efficient vehicle. The number of topics that can be used for discussion is countless; what the author thinks really important is to keep a child interested and at the same time entertained by the conversation which will help the process of understanding. The kids' awareness of such basic economic issues plays an essential role in how they will manage their funds in the future.
ABOUT THE AUTHOR
Jeff Stats is a writer at essay writing service Mindrelief.net. Order quality custom essays from our essay service.
He explains the law of supply and demand using dolls, stuffed animals, trading cards, plastic wristbands and other things that kids like to collect. Kids' collectibles are the things that they will be most willing to spend their money on. The topic of supply and demand was chosen because it is a necessarily starting point for understanding how the prices are formed. As examples that will be easily comprehendible by kids the author uses prices for pizza, toys, and iPods. Kids would buy all those things with their money, so it is a real life example that is closer to them than for example the formation of prices for oil. Rosen explains supply as the amount of a product or service that a business is willing to offer for sale; and demand as how much purchasers would buy and what they'd pay. Supply deals with production and demand with desire and popularity. Rosen is pretty close in his explanations, however, if we want to be precise in definitions then we will have supply as the quantity that producers are willing to sell at a given price. For instance, the soft drink manufacturer may be willing to produce 1 million packages of some soft drink if the price is $1 and significantly more if the market price is $2. The core determinants of the amount of packages of a soft drink that a company is willing to produce will generally be the market price of the good. Demand is the quantity that consumers are willing and able to buy at a given price over a period of time. For an illustration, a consumer may be willing to purchase 30 packages of a soft drink in the next year if the price is $1 per bag, and may be willing to purchase only 10 bags if the price is $2 per package. A demand schedule can be constructed that shows the quantity demanded at each given price. It can be represented on a graph as a line or curve by plotting the quantity demanded at each price. It can also be described mathematically by a demand equation. The main determinants of the quantity one is willing to purchase will typically be the price of the good, one's level of income, personal tastes, the price of substitute goods, and the price of complementary goods.
To make this concept simpler to children the author suggests asking children questions about the things that they collect. For instance, ask why some particular toy is special and more valuable than another one. The answer would probably be that particular items are limited or have unique design. Then Rosen proposes to go further and question kids what their actions would be if their friends or neighbors had an identical toy. Would they desire to exchange it? For how much would they price it? If, on the other hand, only one friend had it, would it increase the demand and what would the price be in that case? Rosen also tells to construct open-ended questions for kids, this way kids receive an opportunity to present their vision of the situation which significantly speeds up their understanding of the market. By using the examples that Rosen suggests, kids automatically get the idea of the price elasticity of demand and price elasticity of supply.
The author also gives other suggestions of explaining the rule of demand and supply. One of the cases is the formation of prices for fuel. Actually, supply and demand is only the part components that set the price. But the discussion can be focused on driving habits, cutting off the not necessary drivingScience Articles, drive a more fuel-efficient vehicle. The number of topics that can be used for discussion is countless; what the author thinks really important is to keep a child interested and at the same time entertained by the conversation which will help the process of understanding. The kids' awareness of such basic economic issues plays an essential role in how they will manage their funds in the future.
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Jeff Stats is a writer at essay writing service Mindrelief.net. Order quality custom essays from our essay service.
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