Monthly Archives: March 2018

This Why Follow Debt-Relief Practices of Bankruptcy Law Assistants

Inability to pay back debts often leads a person to loads of unwanted obligations. To get rid of those unwanted traits is really difficult. Following legal guidelines becomes essential in such situations. Yet, defaulters mistakes to do things all by oneself and gets trapped under misfortune situations for some reasons or the other. All these facts and features in a way depict the essentiality to adopt the experienced and knowledgeable guidance of legal service providers. Years of practicing strategies that they are stapled with comes with a guarantee that a person rapt with the negative after math of bankruptcy gets to overcome the same with positive best results.

People are often found to believe in the myth that bankruptcy is cheap and also not easy to overcome. Things are not so in any ways because, such unwanted facet may arise quiet unknowingly for both a salaried person and business holder. Hence, how to get rid of such perplexities must be the concern and nothing else. Needless to state to meet with such needs is ideally possible with the deftness and solving skills of bankruptcy law assistants in this domain. Their strategies are not only legitimate but are designed and planned in such a way that all one gets to gather is positive and productive upshots.

Liquidation and reorganization both are of profuse importance for defaulters. But which law would be the most appropriate one to fetch such beneficial aspects is not so easy to understand and employ. However, it can be made easy and flexible with the adept assistance of legal assistants or lawyers and attorneys mentioned above. Which would be the better option, chapter 13 or chapter 7, how to file the case and make things respectful and rewarding are just to mention a few among many attribute that they ably solves? Even the maintenance of credit reports and credit scores after passing through such misfortune situation becomes accessible with such legal aid.

Whether following the guidelines of such bankruptcy law would be gainful or not and when is one eligible to abide by the same are two most crucial facets that gets solved with such assistants. Then there are issues like:

  • Extension of time span for paying back the amount
  • Annual income that one needs to show for adopting the benefits of bankruptcy law, etc.

Lawyers and attorneys mentioned above are also reputed to make one achieve the profitable best results of these set of laws and its bylaws. Very critical situation can also be made positive and appreciable with their responsible role. That is the reason why, other than going haywire, seeking and settling with their constructive assistance is a lucrative deal. Moreover, one also confers proper concern on the fact that such sorts of legal aid are authorized and are licensed significantly for their legal practices. This is of immense help if one likes to be free for any sorts of spam.

In this context it needs to be mentioned that hiring the filtered best lawyers and attorneys for, popular and reputed debt-relief law firms can be a diligent deal. This is because with the helpful assistance of experts and deft aids present their one can be guaranteed to receive possible best outcome and that to in the shortest possible time. It can’t be denied that major and very critical differences between the bankruptcy laws discussed above. As far as unsecured loans and its defaulters are concerned, seeking assistance of chapter 7 bankruptcy law can be profitable. However, for the productive solution protocol of both secured and unsecured loans chapter 13 and nothing else is more beneficial.

Again, a detailed past history checking is of crucial importance for chapter 7, in case of chapter 13, pillared income by the defaulter is a must. Moreover, a person is also found mistaken with the idea that government TAX can be exempted too. In reality it has to be obtained by respective defaulter and that too right on time. Quiet critical isn’t? All these features some way or the other simply portrays the importance to hire and follow the tactful remedial for meeting with successful results that are followed and maintained by aforesaid legal aids. No way can it be denied that, in a complex and perplex situation like bankruptcy, nothing but these adroit experts are of supreme help.

Some Ways to be Free From a Poverty Mental Stronghold

Financial three step plans, money making formulas and sowing and reaping scriptures can all be well and good, but if you have a poverty stronghold lodged and hidden in your mind, you may never enter your earthly wealthy place. If you feel you might have a poverty mental stronghold keeping you from your earthly wealthy place and you want to be set free, then this article is for you.

Gary was a Christian who had been taught in church that it was good to worship and serve God, but to have an abundance of “things” was not acceptable. The “prosperity message” was taboo. However, he eventually discovered that according to God’s Word, financial prosperity was the Christian’s inheritance and we are blessed to be a blessing.

So Gary began to implement all the prosperity truths he had learned, but instead of getting out of debt and enjoying the abundant life, he continued to flounder financially and stayed in debt. Fortunately, one day the Lord revealed to him the problem. All the earlier teaching on how it was wrong to seek prosperity had become a poverty stronghold in his mind that kept him out of his God-ordained wealthy place. The Lord revealed to him how to destroy that stronghold with God’s mighty powerful weapon, the Word of God.

“Is not my word like as a fire? saith the Lord; and like a hammer that breaketh the rock in pieces” (Jeremiah 23:29)?

The Lord’s instructions were simple. To destroy the stronghold of poverty in his mind, he was to speak three scriptures out loud four hours a day until they dropped down into his heart and became reality. This would set him free from the stronghold of poverty holding back his God-given prosperity. Here are the three prosperity scriptures the Lord instructed him to speak out loud:

“The young lions do lack, and suffer hunger: but they that seek the Lord shall not want any good thing” (Psalm 34:10). “For ye know the grace of our Lord Jesus Christ, that, though he was rich, yet for your sakes he became poor, that ye through his poverty might be rich” (2 Corinthians 8:9). “But my God shall supply all your need according to his riches in glory by Christ Jesus” (Philippians 4:19).

Am I saying you must spend four hours a day speaking out loud these promises to destroy any poverty stronghold you might have? No. How much time you spend a day declaring these prosperity promises is up to you. But I will say this, the more time you spend doing it, the quicker the results.

I suggest starting out with fifteen minutes a day and increase it to one half hour or more. Gary said that within three weeks he noticed a difference in his life and eventually he was free from the poverty stronghold that held him captive. He got a revelation that God was his source and not his job, the government or anything else.

And by the way, this three scripture formula will work for any area of your life: healing, confidence, deliverance from some sinful bondage, weight-loss or whatever. Just find three scriptures that cover your problem and away you go.

This 10 Things You Can Buy At The Dollar Store Instead

What would you do with an extra 20.00 a month, 240.00 per year? Save yourself 20.00 or more by switching these 10 purchases to the Dollar Tree without sacrificing quality at all! The store even carries many of the brands you are already buying. You’ll just have to go to your local dollar store and see for yourself which products you can switch to purchasing at the dollar store. These are only some of the items I purchase at the Dollar Tree to save our family money.

1. Greetings Cards
Save yourself approximately 1.50 or more per card purchasing your cards from the dollar store rather than a Hallmark card retailer. The cards at Dollar Tree are just as beautiful or funny than at other stores. I have also purchased beautiful packs of 8-10 Thank You cards for times I’ve been interviewed for jobs or after my son’s baby shower. At this price, you can keep multiple cards for a variety of occasions on hand. Balloons, gift wrap, and other party supplies are also just as well.

2. Pens
Save yourself approximately 4.00 on a pack of pens at Dollar Tree and more if you have other office supplies to get. They carry almost anything you could want, including my usual purchases of poster board and bubble mailers.

3. No Show Socks
Save 1.50 on a pair of no show socks by buying them at the dollar store. I usually by my socks in packs of 8-10, but in the case of dress socks and nylon no show socks I’ve had luck with the quality at Dollar Tree.

4. Shaving Gel
Save another 1.50 on your shaving gel by switching to the dollar store. As a lady, I go through a lot of shaving gel. I do not like shaving cream, but the raspberry gel at Dollar Tree served me just as well as Skintimate or Pure Silk.

5. Pregnancy Tests
Save approximately 3.00 on each pregnancy test you purchase at Dollar Tree. I’m currently fertility charting and just feel comfortable having plenty of tests on hand in case I am nervous I might be pregnant or to give to a friend in need. I have taken identical tests in clinics and feel they are of the same caliber.

6. Tooth-care
Save almost 2.00 on identical toothbrushes and same name brands at Dollar Tree as competing stores. They carry disposable “flossies”, whitening products and toothpastes of well-known brands. I also don’t mind their Lavoris mouthwash.

7. Medicine
Save at least 5.00 on any over the counter medication you purchase from the Dollar Store vs. any other store. It’s been said on the internet before that Dollar Tree’s medication can closely compete and sometimes work even better. They carry a variety you’d have to see for yourself.

8. Gum
Save 1.00 or more on a pack of gum at checkout at the dollar store. For the car or office, to chew before meetings, interviews, or dates, having a pack of gum handy can be the difference between making a good impression or not.

9. Movie Candy
Save at least 1.00 visiting the Dollar Store before a movie instead of the gas station. Whatever your taste, their whole aisle dedicated to candy will provide you your fix.

10. Kitchen Utensils
Save more than a few dollars on anything kitchen related. Dollar Tree carries a lot of Betty Crocker utensils and a whole wall of others. Their baking pans have held up as well as the grocery store’s counterparts. They even carry quality plates, mugs, cups and wine glasses. You can also find Glad-ware and Reynolds wrap!

Make Smart Decisions For About What You Buy

I’ve made plenty of mistakes in my life regarding debt. I only wish I could go back in time and redo some of my spending decisions I made when I was younger. Obviously that is impossible, but maybe this post will help younger individuals who are about to go out and do something they might regret later in life.

I remember when I was 26, living in a nice area of San Francisco with three roommates. It was a good fun time in my life and I have several great memories from this period. I was very good with my money overall, but every once in a while something would come over me and I would do something that I would later regret.

When I was younger, I saw this new television at Circuit City (remember them?); I still remember the exact TV model. It was the Hitachi 61SWX10B and the price was $3,500. It was a rear projection television and was quite large; a 61″ unit that had a built in stand.

Of course, I was not going to go out and drop that much money on a television at that point in my life, but when I heard I could go out and get a new credit card with 6 months no interest financing I thought okay I can make this happen. My plan was to just put $500 down and then pay off $500 a month and I would get that TV without paying any interest.

I executed my plan flawlessly and I was the big man in the house; all my roommates loving that TV for all it was worth. Guest would come over and tell me it was the best TV they had ever seen and I ate it up. We watched movies, played video games, sporting events, we all enjoyed it.

About a year later, all of our lives changed and we went separate ways. Then it hit me, I was now stuck moving this massive television and the burden of moving it to my new place was quite a hassle. All my former roommates got to enjoy my big awesome television for free and they simply moved on. I was stuck with a $3,500 bill and now moving into a place that I could barely accommodate a television that size.

As it turned out, over the next couple of year’s plasma televisions started coming out and my once super mac-daddy televisions seemed ancient. Within 4 years of my purchase rear projection TVs were no longer desired at all. I couldn’t even sell it due to its large size, so when I moved I simply posted a free ad on Craigslist. Obviously, I gave it to the first interested party instead of trying deal with something that big and heavy with little to no value.

It would have been totally reasonable for me to just buy a $500 television, which also would have been a nice television, or to look into Craigslist and buy something there for an even better deal. But unfortunately, like most people can probably relate to, I had to get the biggest and best product on the market. Looking back I realize it was a very poor decision on my part.

It was clearly not the end of the world, but being 41 now, if I would have not have bought that $500 television and invested the other $3,000, today the money I spent would be worth more than $20,000 and in another 20 years, it would be close to $200,000.

These are the typical decisions that everyone makes, especially the younger society, not necessarily bad decisions, but definitely irresponsible ones. We all make them, as we don’t actually think about the long term effects of what we buy.

The key is to cut back, save and invest. It might look like you’re not building much over a few months or even a year, but continued savings over a decade or 2 can have dramatic jaw dropping effects. Do you want to give your 20 something self the latest electronics or do you want to give your 40 something self a better, easier life?

Info Post-Retirement Benefits And Their Tax Calculations

Retirement is an important event in the lives of almost all of the salaried employees. While they get excited about the post-retirement benefits that they are entitled to, managing them certainly becomes a cause of concern. Taxation is the most challenging aspect in the management of benefits that are received after retirement. It is absolutely necessary to distinguish between the ones that are exempted from taxes and those, which are taxable under the law. Also, there is a considerable difference in the way funds of a government employee are taxed and the manner in which employees of private sector are taxed. Given below are the common post-retirement benefits and their tax calculations:

Provident Fund: Recognized provident funds are completely tax-free, if they satisfy the conditions laid down by the prevailing laws. However, the interest and total amount paid with respect to the Employee Provident Fund (EPF) after retirement are not tax-free if the employer had been contributing more than 12 {0ef4929820f167e8f8519b00d9326892f772d73dd41cde984d23145009372787} of the employee’s salary to the fund. An employee is required to have rendered service of 5 years or more on a continuous basis, in order to qualify for the tax exemptions.

Gratuity: In case of employees eligible for gratuity under Payment of Gratuity Act of 1972, the gratuity shall be paid for every completed year of service at the rate of 15 days’ salary based on the last drawn salary. Post-retirement gratuity that the state and central government employees receive is exempted from tax. However, in case of other employees, the tax exemption for gratuity would be limited to an amount that equals to, or is less than INR 10,00,000/-.

Superannuation Fund: The superannuation amount received on retirement is exempt from tax, except under certain circumstances, such as, resignation from service. One-third of the total value of commuted pension in case of an employee receiving gratuity would be exempted from tax under Section 10(10A)(ii)(a). In case of employees not receiving gratuity, one-half of the total value of commuted pension would be exempted from tax under Section 10(10A)(ii)(b). The best way to avoid the taxes on the taxable amount is to purchase annuity related to State Annuity Fund (SAF), without any commutation.

Leave Encashment: Payment received by central and state government employees by the way of leave encashment at the time of their retirement is fully exempted from tax. In case of other employees, this exemption is limited to a maximum of 10 months of leave encashment, which is based on the average salary of last 10 months. The amount of leave encashment eligible for tax exemption is further subject to a limit of INR 3,00,000/-.

Investing the amount received as retirement benefits in schemes like Fixed Deposit and National Savings Certificate can be greatly beneficial to the retired employees in saving taxes. Tax Deducted at Source (TDS) is applicable on retirement benefits that are taxable according to the provisions of the Income Tax Act, 1961. In such cases, the retired employees have to show the amount received and deducted taxes in the income tax return filed in the year of receipt of retirement benefits.