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[H263]Help People In Africa

by Steve Bis, Ste

It passes through many debtors minds when struggling in debt, at one time or another have thought about the option of filing for bankruptcy. In this brief article I am going to give you some very serious reasons as to why you should keep away from a bankruptcy proceeding at all costs, if possible. Many debtors do not recognize the devastating negative impact a bankruptcy can have.

1. A bankruptcy hearing has an very negative impact on your credit and becomes a permanent public record!

A bankruptcy proceeding is one of the worst derogatory remarks that can be placed on a credit history. Thus making any additional credit you try to get extremely hard, and if you do get credit it usually comes accompanied with a seriously elevated interest rate. Additionally, it will remain on your credit history for up to 7-10 years. Even when it gets removed from your credit history it stays a public record for the rest of your existence. So whenever you apply for new loans at any point in the future, if asked the question whether you have ever gone through a bankruptcy proceeding by law you must answer yes.

2. Brand New Bankruptcy laws in 2005!

In 2005, Congress approved a law which forces anybody filing for a Chapter 7, which wipes the plate clear of all your debts much more difficult. Basically if you have an income producing job and assets than most likely you will go into a review to determine if you should go through credit counseling first for at the minimum 6 months. According to NFCC close to 80% of debtors who apply can not abide by the very regimented guidelines set from them to finish the program thus throwing them back into the bankruptcy proceeding. That's when Chapter 13 comes into the situation which is a form of personal bankruptcy in which the judge will decide how much you will pay back each collector you list based on your budget.

3. Court Regulated Income with Chapter 13!

Before the new law was passed in 2005 many people that would be able to file for Chapter 7, were now forced to go Chapter 13 in it's place. Chapter 13 requires that you go over with the judge and make available all of your finances. You must show all sources of income and assets. The court will go over your monthly expenses compared to your income and then figure out how much money you will have to dish out each month. The court decides this for you, leaving you with no say in this process. If you have liquid assets available they can make you sell them, within State law, to pay off your debt. There are scheduled reviews each year and if your income increases you must report this to the judge, this could bump up the amount you pay back. If you have two family vehicles you could have to sell one to pay down the debt. They basically tell you what you can do with your money. If you have the higher costing cable you will need to cut down to standard cable, if you consume steaks every night you will need to cut back to cheeseburgers. This could be a extremely hurtful and embarrassing process.

These are all seriously bad proceedings that people should be made aware of prior to meeting with a bankruptcy lawyer. Many attorneys will not disclose these poor aspects of claiming bankruptcy. Bankruptcy is available for a reason and for some debtors they have no other debt relief system available to them and must file bankruptcy, however the majority debtors go bankrupt when it could have been avoided. A great alternative option to bankruptcy is debt settlement.

For me, how to increase your page rank in Google is not rocket science. The key is without doubt to obtain as many backward links as possible, however these links have to be not only reciprocal links but also one way links. In this article, I describe simple ways of how to obtain both of these types of links.

I am fairly sure, that most people who have a website are looking at the best ways of increasing their page rank in google. In this article I give free tips on how I believe you should go about doing this. These techniques are what I use on all of my websites.

I have spent huge amounts of money on search engine optimisation, which I now feel is wasted cash. For me, by far and away the most important thing is to obtain as many backward links to our websites as possible. This should be an ongoing project, far too many people in my opinion try to get rich quick, by for example buying a thousand links. This is a huge mistake, as it is totally un-natural, these people are normally penalised by google. My advice is to steadily increase links daily, hard work pays off and is normally rewarded. I also would certainly not ever buy a thousand links anyway.

So far we have established that we require lots and lots of backward links, the next question is how to obtain them. There are two types of links, reciprocal and non reciprocal. Non reciprocal links are of much higher value as they are seemingly harder to get. I actually disagree with this last point, if you write articles, like the one you are reading, one way links can be obtained quite easily, more on this later. Quick tip, start writing articles now, with the flood of blogs now joining the web, writing articles are without doubt, going to be the best and easiest way of obtaining one way links.

Non reciprocal links

To ask a person who has a website to add a link to your website for no reason, or without you adding a link back in return, is unlikely to meet a positive response.

To obtain these non reciprocal links my advice is to:

Write articles. Writing articles is an excellent way of gaining non reciprocal or one way links. Other webmasters are able to use your article on their website, including the links to your website. The article website you submit the article to, also gives you this one way link on their site.

Get a blog. Blogging is likely to become the next big thing on the internet. If you add a link to your main website on the blog this could then appear on every page. Over time a blog could have hundreds of pages.

Purchase a link text ad. It may be worthwhile purchasing a link text ad from a quality well established website. This should attract visitors to your site plus has the added page rank value for the backward link.

Reciprocal links

In any link management campaign it is also useful to obtain as many reciprocal links aswell. My advice would be to join a scheme such as linkmetro, this saves a huge amount of time, which could be better spent writing articles.

Article Source : How Does Bankruptcy Works

About Author

Both Steve Bis & Steve Hill are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Steve Bis has sinced written about articles on various topics from Credit Counseling, Credit Cards and Debts Loans. Steve Bis is a credit card debt analyst with the US Consumer Advocate, which practices in .. Steve Bis's top article generates over 18100 views. to your Favourites.

Steve Hill has sinced written about articles on various topics from Web Development, Site Promotion and Adsense. . Steve Hill's top article generates over 22200 views. to your Favourites.