Category: General Article
Chapter 7 Bankruptcy is the most common type of bankruptcy filed by ordinary consumers. The object of Chapter 7 submission is to obtain the release of all your unsecured debt, such as credit cards, and even most of the valuations. A “repatriation” court only means that you don’t have to pay these debts. Sounds good, right? So, how to file chapter 7 bankruptcy? Chapter 7 is a very powerful tool, giving a fresh start, free of debt, but not for everyone. To be eligible for Chapter 7 bankruptcy, the debtor must be able to show that he really cannot afford to pay part of his debt after the required living expenses. After all the necessary living expenses, such as payment of rent or mortgage, food, clothing, utilities, car payments, gasoline, insurance, and the like, there is no possible income left to pay even one hundred dollars or more against credit cards and other unsecured debt.
In addition, Chapter 7 bankruptcy also requires that if the debtor has a valuable asset that is not included in the permissible exceptions, then the asset must be submitted for liquidation (sale) to pay something to one’s creditor. The state differs in the number of exceptions or the value of assets that might be saved in Chapter 7. California, for example, states that couples who are married under the age of 65 can own a home with no more than $ 75,000 of equity, and one person under 65 may retain houses with equity of no more than $ 50,000. Other exemption amounts exist to cover vehicles of relatively low value, household furniture, equipment, and other personal assets. The most protected asset in any state is an eligible pension account. A 401 (k) or IRA, for example, is completely released or protected in most … Read more
Clogged or blocked drainage problems are one of the most common problems that people face. No matter how many precautions you take, you are going to face this issue every now and then. Now one cannot always call up a plumber for these little issues. They can come at the most unexpected of times and hence it is better that people are readily prepared to deal with this, rather than relying on someone. In case they are not dealt with at the initial stage, they can cause some serious damages in the years to come. You can always find a blocked drain plumber in Sydney for your drainage issues.
If the drainage is not treated at its start it can cause the water to leak out from different sources such as the drainage. This can inevitably damage the house furniture and lodgings. In addition to this, blockages for longer periods can also cause the pipes to burst off in several places. Hence, if not dealt initially, the blockages can cause much more heavy costs for the recovery. Here are some of the ways through which people can get rid of blocked drainage;
- Pouring the drainage with boiling water: One of the most simplest ways to get rid of the clogged drains is through boiling water. Just heat up the water to the boiling point and pour them down to the drain. If you have caught this up in the earlier stages, then boiling water would probably do the job with ease. One of the things that people should realize in this case is not to use the boiling water on metal pipes. This is because the PVC pipes tend to get expanded with the heat and this might cause the joints to loosen up causing major problems
People all over the world are investing in commercial real estate and becoming successful at it. Steven Taylor Landlord alone has invested more than $500 million and made a name for himself in Los Angeles. If you’re considering real estate investment, you may be wondering which route to go. Businesses tend to come and go, but people always need a place to live. Of course, there are several other reasons to consider investing in multi-family properties.
It Is Easier to Finance
It’s no secret that purchasing multi-family property is often more expensive than other types of commercial property. What you may not know is that multi-family properties like apartment buildings are also much easier to finance. It is even easier to finance than a single-family home in many cases, and this is because an apartment building is almost guaranteed to create cash flow. When cash flow is guaranteed, the lender can be sure it will receive its money back.
Property Management Creates More Skills
Sometimes, people decide to purchase apartment buildings because they genuinely enjoy managing properties. If you enjoy getting to know your tenants and ensuring they are happy with your buildings, you will enjoy property management. This also creates skills such as communication abilities, money management, and even landscaping if you prefer to take care of your own lawns. Of course, there is no rule stating you need to manage your own properties. You can always hire a management company to do it for you, leaving you to handle nothing but the investment portion of the job.
You’ll Grow Your Portfolio Faster
When you purchase multi-family property, you can grow your portfolio more quickly. One property with 20 units is a faster portfolio builder than three properties with only one or two storefronts each. It’s also easier