This filing spike is a result of bad information being pushed on people, and then they file for bankruptcy out of fear.
quote by Steve Bartlett
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So that this thing that aired in 1963 would result a few years later in personal bankruptcy, would result in having people be on edge with me, wondering when I'm going to blow up.
quote by Shelley Berman
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Today, certain people file for bankruptcy, businesses and individuals, and it no longer has the stigma it once had. Now it's almost considered wise, a way to regroup and come back again.
quote by David Dinkins
Submitted by Lucian Velea
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In 1997, the National Bankruptcy Review Commission recommended that chapter 12 of the Federal Bankruptcy Code, the chapter that contains bankruptcy protection for family farmers, be made permanent.
quote by Tim Holden
Submitted by Lucian Velea
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Filed Away (Stream IX)
Finished filing
They file out.
File down the street,
Out of the offices.
Finished the offices of the day.
The light of day fades
Like their lives,
Pale imitations
Imitating a life fulfilled.
Filled up
With empty promises,
Not fulfilling their promise.
Each day they become thinner,
More transparent.
It's apparent.
Until one day,
They fade,
Fade away,
Disappear,
Are tidily filed away.
P H Brookes Copyright 2012
poem by Paul Brookes
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Social Insecurity
Strapped Seniors use credit cards ‘stead of cash
To stay afloat, after losing their stocks n’ bonds
Yet more victims of another Wall Street crash
“Let them eat cake” is what the Fed responds
ROTMS
From Reuters Article 10/23/2010
Retired and broke: Why retirees are declaring bankruptcy
For more and more seniors, retirement doesn’t mean a debt-free life of leisure. An increasing number of Americans aged 65 and older are declaring bankruptcy, according to a recent study by John Pottow, professor of law at the University of Michigan Law School.
Those aged 65 and older represented seven percent of bankruptcy filers in 2007, a mind-boggling jump from 1991. They are the “fastest-growing age demographic, ” according to Pottow’s study.
What’s the culprit for so much debt? Credit cards. Two-thirds of Americans who filed for bankruptcy said credit cards were the key reason for their financial problems, according to Pottow’s research. Besides having more credit card debt compared with younger bankruptcy filers,44.8 percent of those aged 65 and older also had more plastic in their wallets. “They’re using credit cards as a maladaptive coping mechanism, ” Pottow says.
Stephanie Osterland, a supervisor in the bankruptcy department at GreenPath debt solutions, sees an increasing number of seniors living beyond their means. Says Osterland: “They’re just trying to live off of a fixed income, and that’s usually Social Security. Maybe they have a small pension. We find they’ve used credit cards to supplement that income and expenses or they just end up getting into a lot of medical debt.”
In addition to escalating medical expenses, seniors have seen their portfolios hit hard by the lagging stock market. Carolyn Rodi of Saving Your American Dream says those considering bankruptcy should see a credit counselor at a non-profit organization to get their finances in order.
Credit counselors, such as those at GreenPath, help the elderly deal with a stressful situation. “We try to help them focus on what it’s going to look like” after they get out of debt, Osterland says.
Rodi also recommends that potential bankruptcy filers seek out pro-bono legal aid. “There are a lot of elderly people that are being taken advantage of by bankruptcy attorneys and mortgage brokers who are advising them improperly to pay for the bankruptcy, take out a reverse mortgage or to do things that aren’t in their best interest, ” she says. ”If you have no income, why should you borrow to pay someone when you can get free legal aid? ”
What are the chances of a senior paying off his or her debts? It’s difficult to determine, especially because seniors tend to be on a fixed income. And while finding a job — such as a WalMart greeter — seems like a viable option, it is not necessarily feasible for all seniors to work.
In addition, whether or not a person declares Chapter 7 (which involves the liquidation of one’s assets) or Chapter 13 (which allows debt restructuring) bankruptcy can be a significant factor in determining what one’s lifestyle will be. “If you have to file for Chapter 7 bankruptcy, you may be able to find affordable housing that allows you to just get by, ” says Rodi. “Chapter 13 lets you keep your house and doesn’t touch your retirement savings.”
Regardless, filing for bankruptcy is very stressful for anyone. “A lot of our clients in that post-retirement age have a hard time coming to grips with their situation, ” Osterland says. “It’s very emotional for them. We try to focus on the future and see if this debt can be lifted off their shoulders.”
poem by Ray Lucero
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Spike
Oh, we got another one, just like the other ones
Another bad ass, another troublemak er
Im scared, aint you boys scared?
I wonder if hes gonna show us what bad is?
Boys, we got a man with a dog collar on
You think we oughta throw ol spike a bone?
Hey spike what do you like?
Hey spike what do you like?
Heres another misfit, another jimmy dean
Bet hes got a motorbike,
What do yall think?
Bet if we be good well get a ride on it
If he aint too mad about the future
Maybe we oughta help him see
The future aint what it used to be
Hey spike, youre scarin my wife
Hey, spike what do you like?
Please spike, tell us bout life?
song performed by by Tom Petty
Submitted by Lucian Velea
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Disappointment is a sort of bankruptcy - the bankruptcy of a soul that expends too much in hope and expectation.
quote by Eric Hoffer
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I'd like to state that Spike Lee is not saying that African American culture is just for black people alone to enjoy and cherish. Culture is for everybody.
Versus
We
both parties
filing this life case
at a time.
You Versus I.
Relation is
direct between
You and me.
Representative has
no role to play.
Vis-a-vis we
run at a time.
Where to reach?
result unknown.
poem by Gajanan Mishra
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Tough cat Sam is back
Tough cat Sam is making a comeback
he's out running and getting fit
but Jess reckons he's gone crazy
because he's getting on a bit.
A tough young moggy called Spike
has proclaimed that he's the best ever
he's also been bad mouthing Sam
saying that he's thick and not very clever.
So an angry Sam has said yes to a fight
but Spike has said he's going to lose
but Sam has got back into shape
due to his training and cutting out the booze.
The feline boxing world got really excited
and all the tickets quickly sold out
but Spike continued to taunt tough Sam
calling him an old cat and a washed up lout.
Spike was a stocky built Persian
and caught Sam with a fast uppercut
Sam replied with a flurry of jabs
and gave Spike a crafty headbutt.
The fight went on for ten bloody rounds
both cats were out on their feet
Spike tried hard to win the battle
but tough Sam just wouldn't get beat.
Then Sam threw over a mighty right hook
and Spike went out like a light
Sam was the champion once more
which meant he had never lost a fight.
Young Spike was no longer brash and cocky
and accepted that Sam was simply the best
so Sam put his winners cheque in the bank
and went home to Jess for a nice long rest!
poem by Kevin Halls
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People live longer today than they ever have. They live happier lives, have more knowledge, more information. All this is the result of communications technology. How is any of that bad?
quote by Tom Clancy
Submitted by Lucian Velea
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Fear is Everywhere You look
Everyone has a fear
They don’t even know where it comes from
Fear is everywhere you don’t have to look
There are fears that scare little kids
Like the dark or the monster in the closet
But without fear the world would fall into darkness
There are some people that fear other people
And some that fear water
But a lot of people fear the end of the world
There are people that do not have any fear
They are the people that are different
Even if they hide their fears from humanity
I am someone that is different
But I will tell you my fear
And that is
The fear of my friends dying first
I could not live with out my friends
A man once told me that fear is away to run
Show no fear even in the eyes of the end
Fear is everywhere you look
I told you my fear
I think that you have a fear too
But if you dare to tell
That is your choose
I do not control you
I have said that fear is everywhere you look
What is your worst fear? ? ?
I will not judge you if you tell! ! !
poem by Thomas Henderson
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Fear! ! ! ! ! ! ! ! ! ! !
Fear is something people hear
Fear is something that brings a lonely tear
Provoking fear is like provoking pian
Pain in which one can gain
but when Fear is pushed against you
and you become afriad and your weakness
is laid on the table of all evidence
then your weakness is transfered to the table of consequence
There is no Fear
The people of this world, if against they stand,
There is no fear, there is no fear, nothing like fear.
Although, we are counted cheap and rebuked,
There is no fear , there is no fear , nothing like fear.
If to beg for food, would be a life attained,
There is no fear , there is no fear , nothing like fear.
Loveable possessions if, are lost,
There is no fear , there is no fear , nothing like fear.
2. If clothed bosomed damsels, cast their eyes
There is no fear , there is no fear , nothing like fear.
Poison in the mouth, if fed by friends
There is no fear , there is no fear , nothing like fear.
Shielded armies, if to attack approach
There is no fear , there is no fear , nothing like fear.
On the acme of my head, if the sky did crash and plummet down
There is no fear , there is no fear , nothing like fear.
poem by Subramanya Bharathi
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Every physical system registers information, and just by evolving in time, by doing its thing, it changes that information, transforms that information, or, if you like, processes that information.
quote by Seth Lloyd
Submitted by Lucian Velea
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The securities laws of the 1930s were so important because it forced companies to file registration statements and issue prospectuses, and it remedied the imbalance of information.
quote by Ron Chernow
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Well, there's a question as to what sort of information is important in the world, what sort of information can achieve reform. And there's a lot of information. So information that organizations are spending economic effort into concealing, that's a really good signal that when the information gets out, there's a hope of it doing some good.
quote by Julian Assange
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The control of information is something the elite always does, particularly in a despotic form of government. Information, knowledge, is power. If you can control information, you can control people.
quote by Tom Clancy
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Police forces collect information to be used in a public court to get people convicted. Security services gather information that does not necessarily lead to people being prosecuted and in many cases needs to remain confidential.
quote by Gijs de Vries
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What Do People Fear?
People fear failure;
They fear success.
People fear the past;
They fear the future.
People fear something;
They fear nothing.
People fear the seen;
They fear the unseen.
poem by Harsiddhi Ruparel
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