Business Bankruptcy: What are Your Options?

Jun 29, 2017 by

Your business can experience bankruptcy because of many reasons. Maybe the start-up cost is too high for you to get back easily. Maybe the profits are not significant enough to cater to the debts. Maybe the costs of operating the business doesn’t give you much financial leverage.

You may be bankrupt for different reasons, but one fact still remains – you need to solve it now. Below are some of the options you have if your business is in a crucial financial situation.

Filing for bankruptcy

Bankruptcy has always had this negative reputation from business people, but that needs to change. There are instances where bankruptcy is the very thing that will save them from their financial troubles.

There are different kinds of business bankruptcy, including Chapter 7, Chapter 11, and Chapter 12 – each has its own financial strategies and advantages. For example, the website of these Raleigh Chapter 11 bankruptcy attorneys has mentioned that Chapter 11 bankruptcy involves the restructuring of debts. This has various benefits, including protections against creditor harassment, keeping the business afloat during the bankruptcy process, and obtaining loans at favorable rates.

Negotiating with creditors

Chapter 11 bankruptcy is more about higher interest rates and lower payments, and though that is a viable option, it can also be expensive out front or in the long run. Negotiating with creditors without going to the bankruptcy court may be an alternative. You can do this by convincing all your creditors with a sound plan to restructure your business and cash flow, in a way that they will agree to renegotiate your payment plans.

This usually involves feasibilities regarding cutting costs of operations and selling assets that your business can live without. The only drawback here is that you should be convincing enough for all your creditors, because if you fail, the renegotiating may not take place.

Using ABCs

According to the website of the Bradford Law Offices, PLLC, Chapter 7 bankruptcy involves the selling of assets and using the proceeds to pay back the creditors.

However, there is an alternative to this known as the ABC, or the “assignment for the benefit of creditors,” wherein a business will be allowed to sell its assets on its own, unlike a Chapter 7 bankruptcy that may require a trustee to monitor the sale.

The obvious advantage here is that the business can ask for a bigger sale price, because it likely knows the nature of the industry it thrives in and has an idea of current pricing. Letting the business owner – you – handle the sale also makes the process less stressful for creditors, not to mention that the additional control will help you target more specific debts, like those that you may be personally liable to.

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Why You Need Regular Dental Checkups

Apr 29, 2017 by

Why You Need Regular Dental Checkups

Going to the dentist is not particularly exciting, but it may be necessary every six months or so. This is to diagnose any dental problems you currently have, detect upcoming problems, prevent further problems from developing, and maintain your teeth and gums so problems won’t develop in the first place.

If you are thinking about skipping that dental appointment next week, just because you are busy at work or nobody else is going to look after your child, think again, because the risks may be bigger than what you realize.

Buildup of Plaque

No matter how efficient and frequent you brush and floss your teeth, these devices can’t comfortably access certain areas in your mouth, so you are still prone to plaque buildup. Plaque and food combine to create acids that may be harmful for your teeth, resulting into cavities and other dental problems. A regular dentist appointment will ensure that your mouth will not experience a buildup of plaque, and avoid all consequences associated with it.

Teeth Condition

Toothaches are uncomfortable enough to affect your productivity in school or work. However, they are not merely inconveniences, because they may be a sign that something is wrong with your teeth. This is also true on instances where you feel pain whenever your teeth contact with hot or cold products. Usually, the problem is tooth decay, and the worst tooth decays end up with tooth extractions. To know the condition of your teeth and prevent tooth decay, it is best to go to the dentist regularly.

Gum Condition

Gums are often overlooked by ordinary people when it comes to dental health, but they are just as important as teeth. If your gums appear inflamed or if you feel pain in your gums, there might be a problem, such as gingivitis. This may result from the buildup of plaque and bacteria, which may infect the gums and cause pain and bleeding.

Cosmetics

Your teeth and smile can make or break your overall look, and they may affect your self-confidence and self-esteem. Getting regular dental appointments mean that your teeth and smile are always at their best. The website of Dental Expressions by Dr. Gary Bram features photos of how healthy teeth and gums can make a difference. This just proves that going to the dentist is not just about health, as it is also about physical appearance.

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The Dangers of Lead in Everyday Products

Feb 16, 2017 by

Every parent wants to protect their children from the dangers of the world. All too often, however, those dangers are already present in your household, potentially in the very toys you buy them. According to the Centers for Disease Control and Prevention, despite the United States banning the manufacturing of lead-based products in toys and other household items in 1978, lead continues to be present in some toys that have been imported from other counties outside of the ban. In addition, there is no law prohibiting the use of lead in plastics. Given the prevalence of imported goods in the U.S., particularly manufactured products such as children’s toys, this is concerning information for a number of parents. More concerning is the difficulty in testing products for lead and the lack of symptoms associated with initial lead poisoning. As the CDC again notes, the only way to check a product for lead is from a certified laboratory test, and most children do not have symptoms from lead exposure and require a blood test to reveal that lead is present at all.

Because lead is not detectable without these tests and poses such serious risks, it is important to research your product brands ahead of time, their history, and the place of manufacturing. Some brands and products take extra care to avoid such harmful substances while others do not, making research imperative to reduce your chances of exposing yourself or your family to lead. If you believe that you or your child has already been exposed to lead, go seek medical help immediately. Lead may be undetectable in most household settings, but this in no way lessens its potential deadly effects, and any indication that lead may be present should be taken seriously, and action instantly sought. For more information on how to protect you and your family from the dangers of lead and other harmful substances in your household products, visit http://www.rrs-law.com/.

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Operating a Big Rig while Alcohol-impaired: Truck Drivers Should Know Better

Dec 4, 2016 by

As reported by the National Transportation Safety Board (NTSB), use of alcohol and drugs by truck drivers is the second most common cause of accidents involving big rigs, 18-wheelers, semi-trailers or trailer-trucks. Due to the enormous size of these vehicles, an alcohol-impaired driver behind the wheel completes the threat of a possible accident that can easily result to severe injuries or death (impaired-driving refers not only to alcohol intoxication but also to the use of illegal drugs (narcotics) or legal drugs (over-the-counter and prescription medicine).

Operating Class 8 trucks, which include big rigs and other commercial vehicles with a gross vehicle weight rating (GWVR) above 33000 lb., requires that the driver has a commercial driver’s license, possesses the necessary skills in the safe operation of a truck, is not feeling fatigued or sleepy, and is not impaired or intoxicated.

To make sure that truck drivers do not sit behind the wheel impaired, the government has set 0.04% as their legal blood alcohol concentration (BAC) limit. A driving under the influence (DUI) charge and heavy punishments will be faced by those who will be caught with this BAC level while driving. Those who will register a 0.02% BAC level when pulled over or checked at sobriety checkpoints may not be charged with a DUI offense, however, they can still be issued a 24-hour driving suspension. These limits, by the way, are only for drivers who will be discovered to have said BAC levels while operating a truck; those who are off-duty, but register a 0.08% BAC may still incur a DUI charge.

Despite the BAC limits and the anti-drunk driving laws, data shows that prior to crashes, many drivers were either intoxicated or alcohol-impaired. This is because many drivers consume a bottle or two during stopovers, some also choose to bring along extra bottles which will keep them company during the long, tiring and lonely long drives between counties.

For drivers of big rigs, staying sober while on duty is a legal responsibility. It has been explained, time and again, that alcohol- impairment can lessen their ability to safely operate their truck. The risk of injury and death, especially to drivers and passengers of smaller vehicles, is the reason why drunk-driving has been made illegal. According to the National Highway Traffic Safety Administration (NHTSA), about 5,000 small vehicle occupants die every year in accidents where trucks are involved; number of deaths among truck drivers, on the other hand, number to about 700.

As explained by Evans Moore, though the threat of truck accidents may be significantly mitigated by trucking companies that uphold safety standards and drivers who are well-trained, there are still operators who pose a threat by driving under stressful or dangerous conditions. Serious lapses in judgment contribute to truck accidents with some regularity. Sadly, the injuries often sustained in these accidents are severe and can leave victims and their families without any real means of covering the financial burden associated with the recovery process.

To be able to pursue the compensation that can help truck accident victims get the medical treatment they necessarily need to have, representation from a seasoned personal injury lawyer may prove to be an advantage.

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Taxotere And Its Relation To Permanent Hair Loss

Oct 19, 2016 by

Drug manufacturer Sanofi Aventis has recently been barraged by lawsuits in relation to its drug taxotere. Studies have shown a relation between taxotere and alopecia induced by chemotherapy drug. Hair loss is one of the usual side effects of chemotherapy but patients expect their hair to grow back in a period of 3 to 6 months. But instead of growth, patients reportedly suffered from permanent and irreversible hair loss.

Taxotere is designed to treat certain cancers such as breast cancers, prostate cancer, and advanced stomach cancer. The drug helps prevent cancer cells from developing in the patient’s body. Some patients alleged that the opposite happened causing them to lose their hair. In a study published in the Annals of Oncology, it was revealed that docetaxel is associated with an increased risk of permanent alopecia. The study involved 20 female patients who were treated for breast cancer, treated taxotere, and developed permanent alopecia.

Several studies have been conducted in order to determine the relation between taxotere and permanent hair loss. The GEICAM 9805, funded by Sanofi, came up with the conclusion that 9.2 percent of patients experienced hair loss that lasted for more than 10 years based from data presented in the Ami Dodson lawsuit. A study conducted by Dr. Scot Sedlacek, on the other hand, revealed that taxotere could cause 6 percent of women to suffer permanent alopecia.

In recent studies, Taxotere showed better performance in extending the survival of breast cancer patients. But studies have also revealed a distressing side effect for patients and that is permanent hair loss. For this reason, the manufacturer of the drug Sanofi faces a growing number of lawsuits filed by women for their failure to warn them about the severity and permanence of hair loss. According to them, if they were informed about the potential of hair loss, they would have opted for another treatment.

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Reasons A Judge Will Order Alimony Payments

Aug 11, 2016 by

In a divorce proceeding, one of the factors that the court will consider is the standard of living of both spouses. According to the website of Marshall & Taylor, it is not uncommon for one partner to suffer from a decline in their standard of living. The ex-spouse may have chosen to quit their jobs to take care of their kids or sacrificed their career for the sake of their spouse. In cases like these, the court may order payment of alimony.

An alimony is designed to limit any unfair economic effects of a divorce by giving continuing income to a non-wage earning or lower-wage earning spouse. This is in order to give them time to develop new skills to support his or herself. Another reason for this payment is to help the spouse continue the standard of living they had during marriage. Without the help of their partner, the spouse who has no regular income will be left to fend for themselves and hence must be paid a certain amount of money as alimony.

There are certain factors that can affect the amount of money that will be awarded as alimony. The length of marriage, the number of years spent together, and the quality of relationship will come into play. Likewise, the amount of money each spouse has contributed to the marriage will also be considered. If almost equal, the amount will be determined based on the amount of time spent together and the need for child support. If the amount varies, the spouse who contributed more may ask for refund.

Spousal support is often deemed “rehabilitative” which means that it will continue as long as it is necessary for the recipient spouse to receive training. If there is no termination date, then alimony will continue until the court orders it stopped. It will automatically stop if the recipient marries again. If the paying spouse dies and the recipient is not able to get gainful employment, further support will come from the payer’s estate or insurance proceeds.

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What Legal Documents Seniors Need

Apr 12, 2016 by

Death is seldom a pleasant topic to discuss, as nobody is really comfortable talking about their death. However, failing to plan ahead can burden your loved ones with financial and legal problems, as settling such issues can be costly and stressful for your estate. There are a number of legal documents that need to be set up in which many elders or seniors are not aware what these documents are for or even understand the legalese terms that are used, nevertheless seniors should still find help with arranging these necessary documents so as to avoid legal and financial issues in the future.

One of the most important legal documents that seniors should prepare is their will. This document contains the instruction and wishes on how you would want your estate, assets, and properties that will be given after your death. The beneficiaries will be listed on your will along with the items that you leave them with. On the other hand, a living will provides instructions on the manner with which you wish your health care during your end-of-life will be, and will only take effect if you become terminally ill. A living trust is a legal arrangement where you appoint a trustee (either you in the form of a living trust or a different person) that permit that person to have full control of your funds and properties.

Other important legal documents for seniors are the durable Power of Attorney for Health Care and Finances, which would give your lawyer the authority to execute legal ad financial decisions in your stead should you be unable or incapacitated to make you own decisions. If you wish to further understand the needs of seniors in matter such as health care, SeniorAdvice.com is one resource you can look into.

Planning for your death is never an easy issue, but it should not discourage you from making sure that the people you leave behind are well taken care of and free from legal and financial troubles that will follow. If you wish to be independent until the end of your life, you might want to consider living in senior assisted living, but you can only have peace of mind in your sunset years if you have prepared yourself legally and financially.

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Why Do Car Accidents Happen?

Nov 15, 2015 by

2016 dawns nearer and nearer with every passing day and yet car accidents are still happening every single day. Surely with the technical advancements that scientists and engineers come up with day by day that situations like this should be a thing of the past by now.

Unfortunately, they are – and the reasons why have not changed for years.

One of the primary causes of car accidents is that of negligence. Either the negligence of the driver or the negligence of the manufacture (whether the negligence was intentional or not), the consequences can be very difficult to live with. Some accidents are quite harmless with nothing but a scratched paint job or a dented door as the aftermath. Some people, however, find themselves literally unable to walk from an accident of this nature ever again.

Automobiles are not free from the errors that their only all too human drivers can commit. Drivers can get distracted or drive recklessly (i.e. drive drunk or drive while lethargic) and these errors in judgment can end lives and devastate entire families and communities. An automobile accident attorney may point out that some errors can come from beyond the drivers themselves, as is the case for car accidents that are due to highway defects or car malfunctions.

An experienced legal professional will not only know the best way to go about legal action in order to receive compensation for the damage done unto you due to the accident, but they also have access to a network of resources of other professionals that civilians may not always have. They have people who can strengthen your case – whatever the twist and turn of the variables may be – as well as professionals who could aid you with your recovery period.

Suffering from a car accident can be one of the most stressful, traumatic experiences that anyone can go through. However it happens, remember that you need not have to go through it alone.

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Lead Paint Poisoning

Jul 28, 2015 by

We now know that lead is a potent and poisonous metal that can cause serious medical problems. However, before this was discovered, lead was commonly used in products from paint to children’s toys. Even after the ban, products with lead remain, posing devastating health risks to those exposed to the metal. Lead is particularly dangerous if digested, making children even more susceptible to the dangers of lead, according to the website of Crowe Mulvey.

With the immense dangers lead poisoning poses, it is important to know the products that may contain this metal. One of the most common products known to contain lead before 1978 was paint. This means that homes built before this year may still contain this paint. Lead paint may also have been used to paint children’s toys and other products. This is dangerous as children have a tendency to chew on objects. Lead was not only used in paint, however. The metal was used in pipes and plumbing before it was shown to be dangerous. This poses the same risk of lead being in older homes, but also opens the possibility of lead contaminating drinking water if it was used in sink faucets. There is a number of other products that can potentially contain lead and cause poisoning. Lead poisoning can cause health risks in adults and developmental problems in children.

Poisoning of any kind is a terrifying thought. It can become even more scary when things you come into contact with on many occasions can cause it. Even though the use of lead to make a number of products has been stopped, it is still possible to come into contact with the metal. If you start to experience signs of lead poisoning or suspect your children may have been exposed to it, it is vital to visit a doctor as soon as possible.

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Factors of Negligence

Apr 14, 2015 by

For an action to be considered “negligent,” it has to pass four determining factors. There are four aspects to a negligence claim that overall determine if compensation should be dealt. These four elements regard the defendant’s duty, breach of that duty, causation and damages.

The first step asks whether or not the defendant had a legal duty of care. For example, drivers have a legal duty of care for other drivers around them. Their duty is to drive safely, with regard for the personal safety of others on the road.

Following the first step of legal duty is the element of breach of duty. This factor entails that someone with a legal duty violates that duty, and acted unlike a “reasonably prudent person” would. The phrase “reasonably prudent person” simply means an average person. When the defendant’s action is found to be contrary to what an average, reasonable person would do, breach of duty is evident.

Once past the first two steps, the third element to consider is causation. If the defendant’s duty has been identified and a breach of this duty has occurred, then there must be reason to prove that the action is the cause of the plaintiffs injury. Furthermore, there must be evidence that the defendant could foresee and prevent the accident from occurring.

Lastly, the damages are assessed. This is the final step, and determines the compensation amount, if any, that will be given to the plaintiff.

According to the website of the attorneys at the Abel Law Firm, medical bills and property damage expenses can add up, and compensation can significantly help the situation of someone injured.

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