It was just a typical weekend with the family at home but an extra special weekend for my 8 year-old son who was having his cousin stay with us for a sleepover. His cousin is only 5 years old and adores his older cousin to death. It was all squeals of laughter as they greeted each other at the door.
I went about as usual to get them settled and fed and organize their games of play. They played outside for hours and later settled to watch a movie before bed. They were nestled on top of my bed watching T.V. and I couldn't help but take a photo of them - they looked so cute and innocent!
I got in some heavy-duty cuddle time with both of them by squeezing myself between them during the movie. It was heaven! As the movie wore on - they were watching 'Cars', little 5-year old Nicholas fell asleep next to me. It really had been a very busy day. That left my little guy and me alone and that was ok by me.
Before long I could tell that my son had something on his mind. It's just the way he fidgeted ever so slightly and almost hesitating to ask me something. I asked him if anything was wrong and he of course said no. I decided to wait and have him approach me. He eventually did and asked me a simple question.
"Mom, why does Dad lie to me"? I certainly never expected that one so I wanted to be clear about what he meant by it. (You see, I couldn't be too sure of what he was referring to as his father and I have been divorced ever since my son was 1 1/2 years old, so I had to ask what he meant). He said that he was hurt that his Dad didn't tell him the truth about dating someone and how he had found out from a friend instead. A few weeks before, I had heard about the incident from his father as he explained to me that a boy at a party told our son that the woman who was with them that night was not just a friend but also his father's 'girlfriend'. My son vehemently denied it and said that it could not be so, as his father would have told him himself.
I told him that I had heard about what had happened but felt that his father most probably did not tell him in order to protect him; that his Dad didn't want to worry or upset him about dating someone that perhaps he wasn't sure about and maybe would never see again. "He didn't mean to leave you out honey, he was only trying to protect you."
He seemed to understand the explanation, simply nodded his head and began watching the movie again. I was relieved he took it so well. A few minutes passed and then he turned to me with a very wise look on his face and said "Mom, the truth would have protected me more."
Needless to say, I was floored and speechless. You are so right my son, so right! The next day I told his Dad what had happened and to this day, we are both more careful and aware of being truthful with him. He expects no less from us, and so he should but boy did he ever give me a lesson that day.
True Meaning Of Easter
When big Investment banks like Lehmann Brothers and Washington Mutual filed for a bankruptcy claim, did you ever wonder what the reality behind the claim was? What is there for the companies filing for a bankruptcy and how did the creditors get their money back? If yes then read on and you will not only get answers to your doubts but also get to know bankruptcy claims inside out.
Most of the countries in the world have a clause in the companies act, under which companies are incorporated, which gives the provision to a limited company, to file a document with the court to register a claim against the assets of the company.
This claim determines the amount the company owes to its creditors as of the date of the bankruptcy filing and, in some cases the claim also determines the priority status awarded to any creditor. This process is known by different names throughout the world. In the United States this document is called proof of claim. This document also is the point from where the proceedings start. The form is different although they share many similar aspects.
Upon receipt the proof of claim or document of claim, the Trustee in bankruptcy must notify the creditor or creditors about the claim being filed and have to seek their assent regarding the proceedings of the claim. If the creditors allow, which, is usually the case, then the case proceeding starts in the court of law.
But, if the claim is objected by the creditors then the court sets a hearing date to resolve the dispute by court hearings.
The assets of the bankrupt firms are dissolved to pay creditors their share. The claims are first paid to administrative creditors, then to priority unsecured creditors according to their statutory priority, and finally to the non-priority unsecured creditors, with all claims paid pro rata with other members of the class.
But is it a good idea to go for bankruptcy? Most of the companies which run out of funds and get debt ridden, on most of the occasion start thinking of going for a bankruptcy route to get out of debt. But if the intention is to get out of debt then bankruptcy is not a wise way. A lot of reputation is lost en route.
Bankruptcy also comes up with a lot of bad consequences like poor credit rating. If you or your company has filed for a bankruptcy claim then the credit report is marred for as long as 10 years and thus chances of raising a loan or even a job again, will be minimal.
Banks will seize your bank accounts and cancel your credit cards and everything bought in the name of the company will be sold.
Bankruptcy should thus be used as a last resort and not an easy way out. Filing a bankruptcy is a very complex process and credible and legal help should be sought before going for the claim.
Both Shawn Wilson & Gen Wright 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.
Shawn Wilson has sinced written about articles on various topics from Parenting, Dating and Romance and Personal Finance. This article was written by Shawn Wilson, who is part of the customer support team at Datepad, an website.. Shawn Wilson's top article generates over 27100 views. to your Favourites.
Gen Wright has sinced written about articles on various topics from Terrier Dogs, Acne Treatment and Lose Weight. If you are thinking of declaring yourself bankrupt, go to DebtConnect. They will guide you through the
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