July 18th, 2009 at 02:52am
Under Discrimination Law
Unless you are a lawyer, the odds are that you have not spent much time studying bankruptcy laws. If you are someone who is experiencing financial trouble personally or with your business and you find yourself in unmanageable debt, then you need to find out more about bankruptcy and ways to avoid it if possible.
At first, bankruptcy may seem like an attractive option. The goal of US bankruptcy provisions was to help the individual in debt be released from these obligations so that he can start over completely. The creditors are paid immediately but only as much as what the bankruptcy court can make after selling all the debtor’s non-exempt property and goods. Therefore, the creditors get money right away but, in all likelihood, they will not be repaid in full. Once you file for bankruptcy, you are absolved of your debts and your creditors can no longer harass you or sue you for the money. This reason is why many creditors would prefer you do not file bankruptcy in the first place, they want to receive their money back in full even if it does take longer than was originally agreed upon.
Even though Chapter 7 bankruptcy absolves your debt and allows you to start over, you are starting over with almost nothing. All of your non-exempt assets have been sold off and you have most likely lost many friends who trusted you with their hard-earned money. Your credit score also collapses. Depending on the state in which you live, the fact that you filed for bankruptcy will show up on your credit report for at least ten years if not longer. It is very difficult to start over again when you have no funds and cannot borrow money without incurring very large interest rates.
Therefore, you want to avoid filing for bankruptcy at all costs. If you feel as though you are sinking deeper and deeper into debt, you need to talk to a financial expert. They might be able to help you negotiate new contracts with your creditors so that they receive their payments in full and you can avoid the liquidation of all your assets.
Just another creative writer talking about anything and everything under the sun!
July 13th, 2009 at 10:37pm
Under Environmental Law
The most experience the majority of people have with lawyers is through lawyer jokes. Attorneys are notorious for charging extremely high hourly rates, being argumentative, and needing to be right all the time. To convince a group of people they have never met before to agree with them over someone else is their job so they need to be self-assured and aggressive. If you are someone who thinks this job sounds like fun and you think you have what it takes to do well in this field, then you should definitely try it. The job itself is a large amount of work but if you know that this career is the one for you then you need to get started.
In order to get a better idea if the law is a great fit, you need to talk to a few lawyers (preferably ones in different fields such as bankruptcy law and criminal law), sit in on a few law school classes, and observe a trial. Research what the law really is. Ask the people you talk to what their normal day looks like and what they love and hate the most about their jobs. The more information you gather now, the more prepared you are. If you are still interested after you hear even about the downsides, then you need to start applying to law school.
Law school applications are a grueling process. Your LSAT scores need to be high, your recommendations need to be strong, and you need to have a great undergraduate academic record. Individuals in the law school admissions department are looking for individuals that can handle the rigorous course load and schedule of studying law. If they think you are a strong candidate, you will have no problem earning acceptance letters.
Once in law school you learn the basics before you advance onto more specific types of law. If bankruptcy law is what you are most interested in, that is great but you need to spend time learning about the law in general and the practice of it first. You might even change your mind and decide you would prefer to not deal with Chapter 11 or Chapter 7 bankruptcy and want to pursue environmental law instead. Good luck with your new career!
Just another creative writer talking about anything and everything under the sun!