Heading toward bankruptcy is usually something that most people don't even consider having happen in their lifetime. But statistics today prove differently. The reality of bankruptcy today is that there are increasing numbers of people that are entering the bankruptcy system. The different chapters of bankruptcy (chapter 7, chapter 11, chapter 13) are becoming more and more prevalent today.
Congress was the body of lawmakers that decided that the U.S. bankruptcy laws were in need of uniformity and as such they implemented Federal bankruptcy laws that the states are obligated to conform to. Although each state can have its own set of bankruptcy laws there are some basic statutes mandated by the U.S. government that all must follow. These bankruptcy codes have been put in place to help people relieve themselves from financial burden and to cease engaging in financial self destruction.
At the time of this writing there are currently four different chapters to the bankruptcy code. For example, you may be familiar with the bankruptcy term Chapter 7 bankruptcy. The chapter 7 part is the section of code or the statutes that address the rules and regulations of Chapter 7 bankruptcy.
The different bankruptcy chapters such as the ones mentioned above are the details to the various statutes of the bankruptcy codes (such as chapter 7). Each of the various chapters have their own particular nuances as to how the financial burden is relieved and what procedures must be followed in order for that debt to be relieved. In addition there are also stipulations and regulations set forth that the involved creditors must abide by.
Although the bankruptcy codes were provided for by the U.S. federal government, each state has the right to pass other laws that will work within the framework of the federal statutes on bankruptcy; otherwise the states don't have autonomous power to govern how the overall bankruptcy code functions.
So, even though the individual states cannot change the intent of the Federal bankruptcy laws, each state can however, interpret how the claims must be filed and how the claims are acted upon.
As is the case with statutes, they tend to be somewhat dynamic; meaning they change with additions and deletions to the code over time as amendments are ratified through the body of lawmakers. Because of this dynamic, it is a very good idea for an individual considering bankruptcy as an option to seek the counsel of an attorney who deals in the area of bankruptcy code.
If there is a change to the core bankruptcy laws of the country, it will come from the congress of the United States. For instance, one such change that effected the rules for the filing of chapter 7 bankruptcy. The change to this particular section of the bankruptcy code adds some burden of proof on the part of the filer that they do indeed have met the criteria for the right to file such bankruptcy.
Because of the influx of people entering the bankruptcy system, this type of change to the core bankruptcy statutes was put in place. Now, across all states, if someone is seeking bankruptcy protection under the law; they are required to complete a court appointed financial and bankruptcy counseling session. This was done to help protect the system and creditors from those who just wanted not to pay off their debts.
How often have you felt like you're heading down a one way street to disaster in life? And worse still, there was nothing you could do about it? When we set and strive to achieve new goals it can often feel like you're getting nowhere and that can be very testing especially if we try to do it all alone. No matter how sure you are of yourself at the beginning, unexpected tests and road blocks will present themselves and it's how you handle them that will ensure your success.
One very effective way to ensure your success in reaching your goals is by learning how to work in unison with the universal laws. By asking for help and believing that you will have the resources and help required, you'll effectively eliminate a lot of the pressure that you might feel if you carry the load all by yourself.
If you turn every endeavour into a partnership effort with the universal mind, you can't lose. By knowing how to interact with the universe by implementing the universal laws in your life, you'll begin to manifest resources, help, knowledge and anything else you may need that otherwise was out of reach. This will then enable you to relax and "know" that all is in a divine state of grace and as it should be, and at the same time maximising your skills and moving forward efficiently.
In the book by Jerry and Esther Hicks "Ask and It is Given," they describe an exercise called a "Placemat Process." This process was invented by Esther through necessity, they were travelling a lot for business and Esther found herself feeling overwhelmed by everything she needed to do on a daily basis.
She worked out a basic way to divide up her duties by asking the universe for help. While relaxing in a cafe, she took a placemat and turned it over blank side up. She then drew 2 columns on tha mat, one being "universe" and the other being her name."
She then listed everything she wanted to manifest from the universe in the column marked "universe," and in the "me" column she listed what she felt comfortable working on herself. According to Esther, this exercise was extremely effective. And the universe answered every point she wrote, plus her focus was freed up to take care of her action tasks. This is indeed a very powerful partnership!
You can now utilize this exercise yourself, by taking an A4 sheet of paper and write down your action tasks, and those which you feel that you need help from the universal intelligence. What tasks feel to large for you to handle? What parts of your life and work projects are confusing or stressful at present? And what others do you know you'll handle with no problem? Make sure you "hand write" these tasks on the paper, as the act of writing has magic in it, as opposed to typing. Once you've completed this, fold the paper up and put it somewhere safe and just surrender and trust that the process will work.
You can do this in other ways as well if you you're not in a situation to write your goals down, for example you could meditate on them, use self-talk and mental focus, or imagery to bring the change about. But the best way if you can find your way clear of doing it, is to hand write these points out.
Looking at the big picture, it's not the act of the listing exercise that counts. The point is to gain clarity in your life, know your limits and where you need help. Plus, it also helps you to bring "focus" back into your mind, as we often move so fast in life that we skim over those beautiful little things we take for granted. So by focussing on our goals on a daily basis, we'll positively move towards manifesting that very thought.
Done on a regular and disciplined basis, you'll beign to make shifts in your life, which will make living much easier for you. You'll begin to enjoy your work and life again, and you'll attract all sorts of synchronistic events and much needed resources into your life right when you need them. This may all be beyond your understanding, but just know that this process truly does work.
Both Letha Lashley & Adam Price 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.
Letha Lashley has sinced written about articles on various topics from Bankruptcy Law, Travel and Leisure and Bankruptcy Law. For more information on , be sure to visit onwebnet.com where you'll find information on topics such as. Letha Lashley's top article generates over 2900 views. to your Favourites.
Adam Price has sinced written about articles on various topics from Finances, Business Marketing and Sales Training. Adam Price is a successful holistic life coach and author around the laws of the universe. Learn how tap into the powerful laws of the universe in your life by visiting:. Adam Price's top article generates over 40500 views. to your Favourites.