Chapter 11 bankruptcy law applies to partnerships and corporations. It calls for the general reorganization of the business to keep it alive in an attempt to pay creditors to the business. This chapter, just like any other, does not work in case the debtor has willingly skipped court proceedings even after being summoned. It also calls for the debtor to undergo proper counseling on how to handle credit and debt management.

Before any court procedures there must be legal fees paid to the court clerk. This is inclusive of$ 1000 filing fee and $39 miscellaneous administrative fee. There is an allowance for the fees to be paid in installments. This chapter recognizes that the individual and the assets in the business are separate entities. This means that the business debts will only be covered by the assets of the business without recouping the individuals’ personal assets. Under this chapter a petition for bankruptcy may be voluntary or involuntary.

In case of a sole proprietorship, the law does not recognize the individual as a separate entity from the business’ assets and as such, personal assets may be recouped in the debt recovery process. However, in some cases where partnership is involved in the bankruptcy case, individual assets may be recouped in the process of paying off the debt.

For a complete court procedure, a reorganization plan must be filed in court together with a written disclosure plan which shows what the business has in terms of assets. It may at times include the individuals’ assets as well in case of corporations. The disclosed information is thereby treated with confidentiality.

Peter Gitundu Researches and Reports on Bankruptcy. For More Information On Bankruptcy Code, Read More Of His Articles Here BANKRUPTCY CODEYou Can Also Add Your Views About Bankruptcy Code On His Blog Here BANKRUPTCY CODE

Term life insurance agents have important responsibilities which we take very seriously. It can make all the difference when shopping for term life insurance to have a trusted advisor to guide you through both the choice of coverage and enrollment process. .Let’s look at some of the ethical responsibilities that a professional term life agent such as ourselves undertakes.

There are many specific ethical responsibilities that we abide by but as with other realms of ethics, it can be boiled down to one overarching principle. A slightly modified version of the Golden Rule, “Do to others as you would like done to you” is the underpinning of all we at etermlifeinsurancquote.com try to do for our clients. We have each had experiences where a person (be it a waiter, salesperson, concierge, etc) clearly had their own agenda in information they gave us. In just renting a car, the attendant asked me if I wanted to bring back the car filled up or have them do it and that their gas was cheaper. What she didn’t say is that it’s nearly impossible to bring back the car exactly empty so you are essentially paying for the unused gas. When you average that in to the “lowered rate” they quote, (let’s say at a 1/4 of a tank left over), then it’s significantly more expensive. That’s clearly not in my interest and I had a very negative take away on entire company for something that would have made then $10-20 in gas over-charges. Clearly, that’s not the way to go.

On this same trip, when leaving to snorkel in Hawaii, the car attendant asked where we were going and recommended a great spot for our kids. He didn’t need to do this and it made our trip (after seeing dozens of fish and a very large eel!). I consequently came a way with a great feeling about him (thanked him later) and the hotel. It helped make the trip.

Both of these are in their own ways reflections of ethics applied in the way we look at being life insurance agents. The first person put the companies `interests ahead of mine. Ultimately, it’s bad for the company because I’ll never use them again. The second person went out of their way to give me valuable information. It’s really that simple. As term life insurance agents, we will look at your situation and do whatever we can to get you the best value for your money. We have no vested interest in you going with any particular carrier or plan. This means using quality life carriers (your coverage is only as good as the carrier’s ability to pay). It means giving you the best rates on the market for these carriers and their plans. It also means giving you access to our powerful quoting engine so you compare various plans and carriers side by side. Most importantly, take a look at our term life article database. First, look at the volume of education and insight on the term life insurance market that we try to give you. Secondly, read through some of the articles such as whole versus life or why term life insurance and you’ll notice that the entire focus of our writing is to give you a behind the scenes view of how life insurance works so that you can make a confident choice for your life insurance needs.

Also, notice that we do not bombard you with requests for phone number and emails the way most life insurance quoting websites do up front when requesting a quote. Why?? Well, because those drive me crazy when I’m searching online. Hopefully, this will let you know that we have your best interests at heart. Do to others….

Dennis Jarvis is a licensed insurance agent concentrating on term life insurance. Shop, compare, and instantly quote multiple carriers with professional guidance and resources.