Carlos Hank Rhon 

One download that people may choose to download is a bankruptcy podcast. A bankruptcy podcast will have information about a specific area of the bankruptcy laws or a general information download to teach the general basics of bankruptcy. This can save a person valuable time during the day or evening allowing for people to listen to the bankruptcy podcast as they lie in bed or wherever else they may lounge.

The ability to learn about bankruptcy while relaxing makes remembering easier and the details can be understood better because of the bankruptcy podcast. One other thing that the podcast helps with is the person?s ability to listen while others cannot hear. Whether it?s for privacy or just for the family not having to listen along with the person, it makes it convenient to listen while everyone else can do whatever they want to without being distracted.

Bankruptcy Podcast Negatives

While a bankruptcy podcast adds convenience and ease of use, there are some things that people should understand in order to not get bad information. When people download the podcast, they have no idea how recent the information is.

It may have been posted the very day that it was downloaded, but that doesn?t mean that the information is accurate. Many people mean well when they post information but there may still be mistakes. If people are determined to use bankruptcy podcasts, then it is suggested that people look for official sites that give up to date information which can be used to teach people the complete truth.

Something else to be careful of is the specific laws of any certain state. Bankruptcy is a federal law that handles people?s debts but a state may have certain laws for filing or notification to creditors. Finally, understand that a bankruptcy podcast is not a complete authority on bankruptcy and a bankruptcy attorney is an expert and will be able to answer all of peoples questions and can also guide people through the maze of federal and state laws concerning bankruptcy.

Simon Peters is the owner of http://on-bankruptcy.com, it is THE best source for advice on the subject on bankruptcy, nothing to sell, just information . . .

Last April, President Bush enthusiastically signed into law the oddly-named Bankruptcy Abuse and Consumer Protection Act. This bill, representing the biggest overhaul of bankruptcy law in twenty-five years, was written in order to discourage "bankruptcy of convenience." Proponents of the bill, which included the credit card industry, say that the bill is necessary in order to stop an avalanche of bankruptcy filings by drug users and compulsive shoppers and gamblers. The law makes it harder to have debts wiped away, requires credit counseling for those considering bankruptcy, and holds attorneys responsible for paperwork errors by their clients in bankruptcy cases. The net result will probably be chaos, as fewer attorneys will handle bankruptcy cases, credit counselors will raise their fees, and more consumers with problem debt will be clueless as to what they should do next. Adding to the confusion are some new statistics that suggest that a large number of bankruptcies that are thought to be personal are actually business bankruptcies. As a result, the new law may be unfairly targeting consumers for punishment when they are not actually the biggest part of the problem. Worse, it could be harming small businesses.

Studies suggest that the number of business bankruptcies may actually be up to ten times higher than previously reported. Many small businesses that fail and file for bankruptcy do so under guidelines that technically classify them as personal bankruptcies. The new law doesn't account for this, however, and treats such bankruptcy filers no differently than those who file because they can't stop shopping. It benefits no one to force a small store owner to undergo mandatory credit counseling when their business may have failed due to other reasons, such as having a big-box retailer more in next door. Even if that is the case, the law will require the bankrupt business owner to attend counseling in order to learn about managing personal and household budgets. This wastes the time of both the business owner and the credit-counseling agency and denies valuable counseling resources to those people who may really need it.

In time, Congress may amend this legislation if certain aspects of it do not work as intended. In the meantime, small business owners and those with personal debt problems will be inconvenienced, credit counseling agencies will be overworked, and no one will be any better off for it.

©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a site devoted to debt consolidation and credit counseling, and HomeEquityHelp.com, a site devoted to information regarding home equity loans.