Livingston Reporting - page 151

Fully Utilizing Medicare Supplement Insurance Plans

Posted on by Creative Programs and Systems

Medicare is meant to provide medical insurance to the seniors of this country. However, with all the added reliefs in the programs offered by Medicare, there are certain additional coverages that the government allow individuals like you to obtain from private insurance companies. These are summed up in a collective term known as Medigap. Before you could enroll in a Medicare Supplemental Insurance Plan, it is important for you to think deeply about your present health condition, family health history, and future prospects. This is because choosing a Medicare Supplemental Insurance Plan depends upon the factors mentioned. There’s no one-plan-fits-for-all.

When can you choose Medigap?

If you want to fully utilize the benefits of these supplement insurance policies, then you need to avail them in the time span of 6 months after you turn 65. However, it is important for every senior to have a Medicare Part A and Part B before enrolling in the Medigap.

Also, it is worth noting that those who have Medicare Advantage plan can also enroll in the program. But for that to happen, you would have to leave the plan.

How should you choose them?

It all depends on the factors mentioned above. Furthermore, every state in the U.S has a different set of rules and regulations regarding Medigap. Therefore, before you go on selecting the policies from A through N, you need to know about the criteria in your particular area. The coverage of the individual plans also depends on the private insurance provider. It can vary greatly from company to company. Although, there are certain plans such as Medigap Plan C that offer the same set of benefits throughout the market; however, certain additions and omissions might be experienced in the other plans.

What is the role of the monthly premium?

You wouldn’t be able to enjoy the benefits of Medigap plans if you do not pay the monthly premium set by the company. Therefore, to fully utilize them, you need to pay them dully on time. That way, you could stand eligible for renewing them without any major hassle.

Medigap plans can be beneficial in providing deductibles for Medicare Part A and Part B. However, with all that, it should be kept in mind that there are some things that the supplement plans cannot cover. For example, according to the website of Medicare, the supplement plans do not cover any dental and vision care, hearing aids, eyeglasses, any long-term care, or private nursing. These are all out-of-the-pocket costs. What else it doesn’t cover are the drug costs. You’d have to buy the Medicare Part D for that. Combined with Medigap plans, the Medicare Part D would serve the purpose, but it should be noted that you’d have to pay the monthly premium for this part separately. It wouldn’t be included in the Medigap premium.

Choosing a Medicare Supplemental Insurance Plan requires attention on your part. After all, enrolling in an unnecessary plan could only result in a waste of time and money. Therefore, enroll in a Medicare Supplemental Insurance Plan only when you know it’s best for you. Only then, you can fully utilize its benefits.

Learn more about Medicare Supplemental Insurance plans, rates and more at http://www.emedicare-supplemental-insurance.com.  Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans.  To talk to an expert in Medicare coverage toll free 877-202-9248 today!

Medicare Supplemental Insurance Plans

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5 Things You Must Do Before Buying a Home

Posted on by Creative Programs and Systems

It’s time, you are finally buying a new home! It is one of the most significant financial decisions that you will make in your lifetime. From figuring out which location suits you best, your budget and hiring a realtor, every single decision is so important.  Below we will look over five things all buyers must do before purchasing a home.  Mistakes at any stage in the house buying process can cost you more than time and money; they could cost you the home of your dreams.

Consult with a Trusted Real Estate Agent

Yeah, we know that real estate agents get paid a commission based on the sale and purchase of a home.  Many buyers think that this is a solid reason not to hire a realtor however, we are here to tell you the expense of an agent working on your behalf is nothing in comparison to the price you will pay for the mistakes you make on your own.

It is important to remember that a realtor is paid their commission by the seller and not the buyer.  Your real estate agent will make commission off the sale price of the home that is paid for by the homes seller.  The buyer will not be responsible for any of this expense.  Buyers agents will secure your interest in the home and guide you through the purchasing process from the first visit to the last signature.  Having the support of a real estate is a solid investment for any buyer looking to purchase a home.

House Affordability and Mortgage Pre-Approval

Most buyers think of a pre-approval as the point at which they must buy a home however, this is not the case.  A pre-approval is the amount that a lender is comfortable lending you however does not mean that this is where you need to start with your home budget.  It just means that they think at this threshold you could make the payments on the home.    If you decided to purchase a home of a lesser value it would mean that you would have more money in your pocket each month to save, spend on modifications, and such.  It is important to look at homes that meet your need while being realistic on the amount you are interested in paying out monthly for mortgage expense.

Negotiate

You can do it yourself or your real estate agent can also do this on your behalf. It is advisable to ask your realtor about it. They not only have ample experience in the field, but they also can focus on your recommendations for the deal to be outstanding. In general, for your better decision, and as a result, to feel in control and command – you should go through good negotiation skills.

Take Your Time Looking for A Home

Never believe or work according to someone else’s timeline and don’t make commitments that will make things challenging if your property hunt takes a few months longer than you thought about it. If you are on rent, then it’s better to stay on a month-to-month agreement so that you would be able to move without penalty or charges.

A Buying Agreement Is a MUST

Keep in mind that buying a house includes an agreement. When you are purchasing a house, there are papers to sign. A significant number of those papers, just contracts, need to be well-arranged. In the event, that you need more opportunity to survey your investigation, or want to buy a home loan, then all of this can be made a part of the deal. That is the place a clever real estate broker can help.

Learn more about C21 Lady of the Lakes Realtors and the numerous services they offer including: buying a new home, selling a home, or renting a home at www.ladyofthelakes.com.  To contact one of our real estate agents call 734-426-6060 today.

C21 Lady of the Lakes

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Clarifying Doubts About Medigap Coverage

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Choosing a Medigap plan can be overwhelming for some seniors. There are many plans that have been formulated by the government; however, that nevertheless, you’d have to choose your plan according to your needs. We are here to help you with that by giving you information and clarifying your doubts about Medigap coverage. Before you enroll in Medigap, please give this post a read for better understanding.

Medigap is a healthcare system that has been produced for the betterment of the senior citizens. There is an original Medicare for your health insurance, but getting supplement plans, which come under the Medigap, is a better idea. This way, you could receive the original benefits of the program as well as get additional coverage.

Choosing a Medigap plan

Medigap plans are labeled by alphabets from A to N that are individually, or combinedly sold by private health organizations.

Medicare Supplement Insurance or Medigap requires you have the part A and the B of the Medicare. When you have these, only then you’d stand eligible for the supplement policies.

When it comes to the trends, the most popular policies in the U.S are the C and F. Both plans are there to cover for the deductibles of Part A that you receive and the Part B. According to the packages, the costs of the hospital, and outpatient costs of the doctor are covered. And if we talk about the limits, these costs are $1,260 and $147 respectively. So, considering all of this, you can hope to receive compensation for anything that comes in the range of costs mentioned.

Which plan is best for you?

Before enrolling in a Medigap plan, you should consider all the options according to your health, family history, and future risk tolerance. You can have a detailed information of the packages or policies on the Medicare website. So, if anyone recommends you any supplemental Medigap plan, do give it a thought first considering your needs.

Drug coverage

It is important for you to note that Medigap plans do not cover any kind of drug prescriptions. Therefore, you cannot rely on these plans to cover those costs. However, this doesn’t mean that there aren’t any other plans which you can use. If you must cover prescriptions, there is a better plan in the form of Medicare Part D – also called the drug plan. You can not only have your prescription costs covered through this part up to a certain limit but can also use other plans with it.

To sum up the above discussion, you can get additional health coverages by getting Medigap supplement plans with your original Medicare Part A and Part B, and Part D if you want your prescription costs to be covered. It is also worthy to note that Medigap does not cover any vision, dental, hearing care, or long-term care.

So, this was all about choosing a Medigap plan. Make sure you choose your plan wisely before enrolling in Medigap.

Learn more about Medigap plans and rates at http://emedigap-plans.com.  Medigap Insurance brokers will help you compare Medigap Insurance rates and plans.  To talk to an expert in Medigap coverage call toll free 888-452-7949!

Medigap Insurance Plans

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Repairing LINACS With OEM Replacement Parts

Posted on by Creative Programs and Systems

LINAC system is the common name for linear accelerators. Their parts are very complicated, and they are intricately built machines. A direct linear accelerator is a gadget that utilizations high radio-frequency (RF) electromagnetic waves to quicken charged particles for generating high energies in a straight way, inside a tube-like structure called the direct linear accelerator.

The resonating frequency of the medical LINAC is about 3 billion Hertz cycles per second. This is the most widely recognized gadget to treat the tumor with outside pillar radiation. To sum up, the linear accelerating agent is fundamentally a mechanical assembly to accelerate charged subatomic particles, utilized as a part of radiotherapy, and the creation of radionuclides.

What to do when the machine gets broken?

Frequently, the parts for repairing linear accelerator agents, LINAC, are expensive to the point that they come just in case of the genuine sum for purchasing another LINAC.  This influences numerous individuals to think about whether it is smarter to simply purchase another machine by and large since alternate parts of the LINAC may separate soon enough and should be supplanted too.  Along these lines, as we would like to think, settling radiation machines and LINACs is the better alternative.

Repairing LINACS with OEM replacement parts

Parts for repairing linear accelerator agents may be very costly, however, that is whether you purchase new parts. Rather, you can select the sensible alternative, which is revamping or repairing the broken parts. There are various firms in the market that offer revamping of parts for radiation hardware. The restored parts are frequently returned rapidly, and this productive procedure spares you a large portion of the cash you would spend on another part. Accordingly, it is best to locate a decent overhauling organization for your LINACs.

Linear accelerators are complicated devices. Each one has thousands of parts that work together to send subatomic particles hurtling at incredible speeds toward a target. They can be used in radiation therapy to fight cancer, academic research and more.

It only takes one failing part of the linear accelerator to stop the entire machine. Those broken parts are not just tossed in the trash. Instead, OEM replacement parts often refurbish and repair the parts for future use with the same level of quality as a new part.

In fact, OEM replacement parts repair several hundred LINAC systems a year for clients all over the world and are best to use for replacement parts.

When a client sends any of the OEM manufacturer or service provider a damaged part, they can often get them a replacement within one day. Similarly, they can then take the damaged part and hand it over to the trained technicians to repair for resale. So, don’t wait and use them with confidence for repairing the linear accelerators parts.

Learn more about Radparts and the variety of services and parts they offer to repair medical equipment including: linear accelerators parts, CT scanners parts, linac parts, and radiation oncology equipment at www.radparts.com.  To contact one of our medical equipment repair specialists for parts or service call toll free 877.704.3838 for 24/7/365 support.

RadParts

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Choosing the Best Label for Your Packaging

Posted on by Creative Programs and Systems

Whether you have a small hobby business or run a large mega-conglomerate for household products, you need flexible packaging for your products. Labeling has changed a lot over the past decade. Gone are the days when a basic square label was printed and placed on the bottle or can. Perhaps the best labeling techniques today range between flexible packaging and shrink sleeve labeling. If you’re not entirely convinced, let’s explore the benefits of flexible packaging and shrink sleeves.

Options for Your Labels

You have two options when choosing the best label and packaging for your company’s products. One is to use your own graphic designs. It is ideal to hire a professional graphic designer to assist.  Many label manufacturers can offer you help with this aspect if you desire.  It’s important to know that there may be certain FDA requirements that you must fulfill on your label too, such as weight or volume, ingredients, calories and nutrition content, alcohol content, and food allergy warnings.

 

Besides using your own custom designs on labels, shrink sleeves are made from plastic and shrink to fit around the label or can while flexible packaging is used to hold the contents and label the product. They are versatile and suit a variety of product industries: food, health, beauty, and household.

Products Good For Shrink Sleeve Applications

If you have a line of drinks, beauty care line, health or nutritional care, or food products, flexible packaging may be the right choice for your brand and products These labels are applied with a shrink sleeve film that is applied with heat. The film shrinks and fits tightly to the shape of the bottle. It can fit a 360-degree space. All parts of the bottle will be fully utilized to complete the design.

 

These types of products are catching to the eye and will stand out from other similar products that have a label stuck on them. This type of shrink sleeve labeling is also 100% waterproof, which is perfect for placement in refrigerators or freezers. The labels won’t degrade over time, which is perfect for certain types of labels that must withstand cold or moisture.

 

Shrink sleeve labeling also can be in 100% full color, and include graphics, art, logos, and even photographs. The printing process involves an up to 8-color digital process that delivers eye-catching graphics.  The plastic used in this printing process is made from PETG film. It has the best shrinkable rate of accuracy. It’s also high-gloss and is scuff-resistant.

Advantages of Shrink Sleeve

This type of wrap is suitable for glass, plastic, and metal containers in a wide range of sizes. It can also cover caps. There can be horizontal, vertical, or T-perforation types of seals. These increase the security of the items and ensure the consumer that they haven’t been opened prior to consumption. Another great bonus is that not all your products have to be the same. You can have similar products in differing labels to make them stand out. This can be a great promotional tool when on the shelves.

 

Learn more about Anchor Printing and their vast line of custom product label & packaging options including: Shrink Sleeve Labels, Flexible Packaging, Roll-Fed Labeling, Pressure Sensitive and Cut & Stack Labels at http://www.anchorprinting.com/shrink-sleeve.php.  To contact one of our label specialists, call toll free at 800.748.0209 or via email at info@anchorprinting.com.

Anchor Printing

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Which Water Treatment System Is Best For Your Home?

Posted on by Creative Programs and Systems

Having a water softener installed in your home makes most homeowners feel good about the quality of their drinking water.   However, depending on your homes water a softener may not be enough to remove the contaminants that are still in the water that you drink, use to wash food, cook with, and more.  A reverse osmosis system can eliminate the contaminants from your softened water including a solid percentage of the sodium left in the water after the softening process.

There are a number of reason that a water softener and reverse osmosis system work well together.   A water softener protects a reverse osmosis unit.  A reverse osmosis system is not as efficient at removing or reducing calcium and magnesium, the contents of hard water, as a water softening unit.  Installing a water softener in combination with a RO system reduces the hardness level in the water acting as a protective level for the reverse osmosis unit keeping it from layer containments within the system and in turn extending the life of the system.

Another reason the two systems work well together is because they improve the quality of the families drinking water.  Many people that install a whole house water softener also desire the installation of an under the sink reverse osmosis system in the kitchen.  This type of system can be installed to service the kitchen tap, the refrigerator lines, or both.

A reverse osmosis unit takes your water softener to the next level helping to make sure the quality of your drinking water better.  A water softener and reverse osmosis system work together.  The softener gives you soft water throughout the house by eliminating minerals in the hard water while a RO unit increases the purity of the drinking water by removing impurities.

Once a water softener has been installed homeowners will notice a savings in energy expenses, increased appliance lifecycle, and a decrease in the usage of soaps and detergents.  In fact, a water softener quickly pays for itself quickly.  Reverse Osmosis owners find the same to be true as well.  Once a RO unit has been installed the need for bottled water is non-existent.  A water softener and a reverse osmosis system work together to reduce expenses and provide high quality drinking water.

If you already have a water softener installed call a water professional to help you choose the best reverse osmosis system to install.  You want the RO unit to work in conjunction with one another and not compromise or interfere with the water softener.  A little research will tell you what type of warranty the system has as well as the how filter maintenance exists.

Having a whole house water softener installed in conjunction with a reverse osmosis system allows you to give your family high quality drinking water.  RO systems remove impurities that are still found in tap water after it has been run through a water softener.

At Reynolds Water Conditioning Company, we are here to help make sure our clients don’t buy water treatment systems that they don’t need.  We are here to make sure you find a water softening system that gives you the results you are looking for, whether it is to remove iron or odor from you water; we have a solution that will help!  For more information contact our experts at 800.572.9575 or at our website https://reynoldswater.com.

 

 

Reynolds Water

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Linear Accelerators Deliver Accuracy in Patient Care

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A linear accelerator is one of the best tools to use for eradicating tumors in a cancer patient. In the past, one of the problems with cancer treatment was that healthy normal cells were killed too. But with a LINAC, linear accelerator, this machine delivers elevated electrons or energy x-rays that conform to the tumor’s form. It focuses on destroying cancer cells while sparing the surrounding normal tissues.

 

LINAC systems also contain numerous incorporated measures of protection that will ensure that they only deliver the most accurate dosage to patients. Therefore, servicing linear accelerators is an extremely valuable part of the entire process, as well as requiring constant checking by a medical physicist to ensure that they continue working properly.

Before a Procedure Begins

A patient who has been scheduled for radiation therapy with a LINAC will undergo a long and stringent process to ensure accuracy and safety. This begins with an appointment with the radiation oncologist. The oncologist will then collaborate with the radiation dosimetrist and a medical physicist to develop the best treatment plan. Before treatment proceeds, the patient’s own doctor will review and double check this plan before it can begin.

 

There will also be quality assurance procedures put in place to ensure that the patient remains safe during the procedure. These procedures are also put in place so that if multiple treatments are required, that the patient will receive each one in the exact same manner.

 

A LINAC is most frequently used for external radiation beam treatment for patients with cancer. Linear accelerators treat all parts and organs of the body and the organs that may have cancer. The machine delivers high-energy x-rays or electrons to the center of the patient’s tumor. It destroys the cancer cells while sparing surrounding tissue.

How a LINAC Works

The LINAC uses a microwave technology that is like radar technology. It accelerates electrons so that they collide with a heavy metal target that produces high energy x-rays. These are shaped to conform to the exact shape of the patient’s tumor.

 

The patient lies on a movable couch during treatment. The patient must be in the right position for the most effective treatment. The couch can be moved up, down, left, right, and left in and out. The beam is directed from a gantry which is rotated around the patient.

 

There are a variety of experts who operate this equipment. It’s important that the LINAC be regularly serviced. There are qualified businesses who perform regular servicing of linear accelerators.

Repairs May Be Needed On LINAC Systems

In some instances, the LINAC may need to be repaired. The machine will deliver errors and reports and not turn on if it’s not safe. This is when clinics and hospitals need to call in technicians for repairing LINAC systems. It can be difficult to determine what has gone wrong, as the LINAC system is complex. It may simply need servicing, or it may need certain parts replaced.

 

If your facility’s linear accelerator is due for servicing, please contact us today so that your facility can continue to delivery accuracy in patient care.

 

Acceletronics is an independent service company dedicated to delivering the best equipment performance and service reliability from Linear Accelerators and CT Scanners across all major brands and models. Learn more about Acceletronics and their selection of new and refurbished linear accelerators and CT scanners today at http://www.acceletronics.com.  To contact one of our LINAC experts call 610.524.3300.

Acceletronics

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Which Type of Laser Surgery is Best for You?

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Over the years many types of vision correction methods have been evolved. These include laser vision corrections or laser eye surgeries and other methods that include implantation of the lenses.

Since eyes are our most precious and by far the most delicate organ of all, we must practice due caution before going for the surgery. In most cases, because of not having a proper know-how of the type of eye treatment, many individuals run into life threatening risks. Therefore, to stay on the safe side as well as have your vision corrected, you need to choose the best kind of procedure out there. But before that, you should know about them.

1) LASIK

In this type of surgery, the main aim is to reshape the cornea of the eye to give it suitable curvature depending on the needs of the patient. Surgeons mainly prefer this surgery method because it is less time-consuming. The surgery only takes minutes.

LASIK or the laser assisted in situ keratomileuses is the common method used to cure myopia (near-sightedness), hyperopia (farsightedness) and astigmatism. There are different versions of this surgery as stated below:

LASEK – it involves the creation of a thin-flap right in the outer epithelium of the eye. However, this flap floats away from the eye by the application of alcohol.

Epi-LASIK – it is like LASEK, and only differs in the mechanism.

Bladeless LASIK – this LASIK type eliminates the need of using a blade. Instead, a directed laser is used to create a corneal flap before reshaping of the cornea.

Wave front LASIK – Excimer lasers are used in wave front LASIK because of their ability to utilize the modern analysis called “wave front” in the vision correction.

2) Photorefractive Keratectomy (PKR)

The procedures used for PKR is somewhat like the ones used in LASIK. However, the main difference between the two is that in PKR, instead of creating a flap in the outer epithelium of the eye, the surgeons completely remove the outer layer. The exposed cornea is then shaped with lasers to correct the vision to its utmost degrees.

Certain candidates that would not qualify for LASIK would do for PKR because it can provide treatment in several eye-conditions such as dry eyes and irregular astigmatism. However, the patients treated with this method, sometimes, do not recover as expected. Also, the recovery time is greater than the previously explained method.

3) Implantable Contact Lenses or Visian ICL/Verisyse

Visian ICL is performed to give the patient a permanent treatment. However, upon a change in the prescription, he or she might have to experience the overall procedure again.

It is not a laser surgery. What happens in this vision correction method is that lenses are inserted just above the cornea. Patients receiving this treatment experiences vision relief almost immediately.

4) Conductive Keratoplasty

Used to cure farsightedness, presbyopia, and another type of vision problems, CK uses low heat radio waves to steepen the cornea according to the needs of the patient. This treatment can also be used for patients who have done LASIK and want to enhance near vision.

So, these were all the different types of laser treatments available out there. Depending on your age, eye conditions, and prospects, your practitioner would recommend the best procedure suitable for you. For people that have diabetes or other diseases that could affect the healing process, many of the surgeons recommend PRK or LASEK laser vision correction or laser eye surgery methods.

If you are looking to reduce or even get rid of your eye glasses and/or contacts let us at Rohr Eye & Laser Center help you! We offer several types of LASIK eye surgery including PRK, AK, CK, Cataracts surgery and more. We perform all these eye laser treatments with state of the art equipment. We are a leader in laser vision correction, and our goal is to help you achieve superior vision. Contact us today or view our website http://www.michiganlasik.com/  to schedule an appointment.

Michigan Lasik

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The Basics of Michigan Estate Planning

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When you are alive and happily leading your life, you don’t have any concerns about what might happen to your assets if you are not there to own them. This isn’t carelessness, this is an oversight that can be avoided. Estate planning is what mitigates all the feuds between your beneficiaries and everything bad that is going to happen if you’re incapable of owning your assets. To efficiently carry it out, there are estate planning attorneys that can help you in devising documents and can carry you through the whole process without letting you delve into many complexities.

A probate lawyer is all you need if you’re finally thinking about naming your beneficiaries. However, before hiring any of them, make sure he or she doesn’t only focus on the documentation after your death, but also during your life.

There are six basic estate planning documents that any attorney or lawyer would carry you through.

  1. Last Will and Testament

While others might tell you that proper planning contains only trusts (explained below), we stress the importance of the last will and testament in guiding the process of asset ownership. Your will is the most basic document that decides whether your assets would do in the direction of the trust or not after they experience probate. Therefore, making it a part of your plan is necessary.

  1. Trusts

This category of documents includes two types:

Revocable living trust:

It is a document that can allow a family to avoid any kind of probate and directly be the head figures of control over the property left by you.

Castle Trust:

Besides immunity against probate and control of the assets, the castle trust also gives protection to the assets of the person who creates it; thus, protecting him or her against lawsuits.

  1. Power of Attorney (POA)

The above-stated two types of documents are mainly used for after-death decisions. However, when it comes to regulating or appointing someone as your replacement during your ailment, Financial Power of Attorney can enable you that. It is a document that gives the power of making financial decisions, paying bills, and manage other assets to the one that has been appointed instead of you.

However, upon the death of the owner, the scope of this document diminishes completely. Only then, your will and the trust would come into play.

4) Medical Power of Attorney (MPOA)

Also called a patient advocate designation, the medical power of attorney is a document that grants someone the power of taking medical decisions instead of you.

The life-span of this document is just like the one explained above, it finishes with the death of the owner.

5) Personal Care Plan

Having POA, or MPOA are two necessary things when you are ailing or are near to death. However, it is paramount for you to first draft out a personal care plan that includes instructions based on your intentions to guide how the two documents would work.

6) House Deed

Lastly, there is house deed. It is a document that legally proves the ownership of your house. Although they are in the public land records, they offer complete guidance on the fate of your property after you are no more.

As you can see, estate planning overall is fairly complex.  You should know that even a single mistake in the overall process can prove unhealthy for your beneficiaries. Therefore, if you want the future of your assets to be secured, all you’d have to do is hire an estate planning attorney or a probate lawyer in Michigan.

Learn more about attorney Sean J. Nichols and the legal services he provides for clients including: estate planning, elder law issues, Medicaid planning, elder care, probate law, guardianships, and power of attorney (POA) at www.seanjnichols.com.  To contact the offices of Sean J Nichols, call 734.386.0224 today.

Sean J. Nichols

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When Chapter 13 Bankruptcy Is Better Than Chapter 7

Posted on by Creative Programs and Systems

If you’ve reached the point where you’re swimming in debt and can’t pay your bills, you may be wondering which type of bankruptcy is best. You may need a Chapter 7 bankruptcy lawyer or a Chapter 13 bankruptcy attorney. There are differences between each type.

Bankruptcy is never a simple process in the United States. Each type depends on your current income, assets, debts, and future financial goals.

Chapter 7 bankruptcy is a type of liquidation bankruptcy that will clear out any unsecured debts you may have, including medical bills, and credit card balances. To declare Chapter 7 bankruptcy, you must currently have no income or little income. If you make over a certain amount of money, you’ll automatically have to claim for Chapter 13 bankruptcy.

Chapter 13 bankruptcy is a type of reorganization bankruptcy. You must have a regular income and be able to pay back a portion of your debts through a repayment plan. There can be many benefits for filing for this type of bankruptcy than Chapter 7.

Chapter 13 bankruptcy will allow you to catch up on your missed mortgage payments. It may also allow you to clear unsecured liens on your house. This means that you will be able to keep your house, unlike filing for Chapter 7 where you can lose your property. You may also keep your nonexempt assets. How it works it that you pay back all or a portion of your debts through a repayment plan. This plan is based on your current income against expenses, and what types of debt you may have. Therefore, it’s commonly referred to as “reorganization bankruptcy”.

Another benefit is that Chapter 13 will allow you to get caught up with car loans without losing your car, and to pay off other non-dischargeable debts including alimony or child support arrears. In order to hire a Chapter 13 bankruptcy attorney, you must be an individual and not a business. For Chapter 13, you must not have more than $394,7255 of unsecured debt or $1,184,200 of secured debt. While the discharge is a lot longer with Chapter 13 than Chapter 7, 3-5 years versus 3-5 months, you’ll receive a full discharge.

It’s important to note that if you own property, Chapter 13 is a lot better than Chapter 7, as debtors will be able to keep all their property, whereas the trustee in Chapter 7 will sell your property to pay off your creditors. Your liens will also be stripped in Chapter 13, whereas in Chapter 7 they are not, leaving you with future debt loads to pay off in the future.

Before deciding which type of bankruptcy is right for you, you should talk to a Chapter 7 bankruptcy lawyer, or a Chapter 13 bankruptcy attorney, to get the best advice that pertains to your financial situation. You may just discover that you do qualify for Chapter 13 and will be able to keep your house and car!

Bohikian Law Group specializes in chapter 7 and chapter 13 bankruptciesin Michigan. Contact us today to find a bankruptcy attorney that will help you in debt relief at http://www.bohikianlaw.com/ today.

Bohikian Law