So you’ve decided to jump into penny stocks and give it a whirl. The opportunity of investing just a few bucks with the potential of 1000% gains is certainly attractive. Did you know True Religion Apparel, Inc. (TRGL) was once a penny stock? It now trades at over /share.

The terms “penny stocks” and “micro cap stocks” can be used interchangeably. Technically, micro cap stocks are classified and based on their market capitalization or market-cap, while penny stocks are looked at in terms of their price. Definitions vary, but in general a stock with a market capitalization between and 0 million is a micro cap. (Less than million is nano-cap) According to the Securities and Exchange Commission, any stock under is a penny stock. Others consider only those stocks trading at less than to be a penny stock.

When it comes to investing, not all of us have bucket loads of cash to invest into the stock market. With stocks trading at under a share, penny stocks make it possible for almost anyone to try their hand in the marketplace. The penny stock market can certainly be exciting, and can also be a highly profitable way to make money. Gains of 50%, 100%, 500% and even 1000% are not uncommon when trading Penny Stocks!

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Most people that want to learn to trade often begin trading penny stocks. Day traders love penny stocks, as volatility in the stock price allows them to trade in and out of a stock on a daily basis. In most cases volatility is a day traders friend if played right.

The logic behind trading Penny Stocks is that they’re far less expensive then their Blue Chip counter-parts. The fact that you don’t have to risk a heap of money also makes them a lot of fun to trade. Penny Stock trading is one way to learn the stock market but it can also be very risky. It is wise to install a stop-loss tactic and protect your capital with prudent exit strategies for those of you who are looking to make a meaningful, positive impact on your portfolio.

Do your homework! You must re-evaluate your trade on an on-going basis. If your risk tolerance is low, it’s time to move on to another stock, hobby or profession. Sometimes you have to be patient with your penny stock trade. Companies that are not well known can take a while for investors to start noticing them. But when the big boys start buying, be prepared to go along for a frenzied ride.

Know your risk tolerance first. Investors should educate themselves fully before making a purchase of any stock – especially penny stocks. Know how much risk you are willing and able to take. This means taking a look at how much money you can afford to lose.

Penny stock investing can be very profitable indeed. Install some stop-loss tactics and have fun.

Happy trading everyone!

Penny Stock Rumble

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Penny Stocks 101

When investors buy penny stocks, they need to collect as much information as possible before making an investment. A company’s background and their previous practices have to be considered when buying penny stocks. This is essential so that they make a smart move and make the most out of the penny stocks at hand. Penny stocks are an easy and swift way to earn more profits if the investment is done sensibly. I have compiled some top penny stocks for 2010 which are expected to make investors big return on their investment.

Before making an investment, you must bear some points in mind. Firstly go for those companies with market capitalization that are less than 500 million dollars and then decide to buy penny stocks. Pick up those stocks which belong to a reasonable company, a company with high earning and very low debts. The volume of penny stocks also greatly matters.

One of the top penny stocks performers is LGL group which manufactures electronic components. LGL group’s shares are dramatically increasing and recently, the company traded at a 52 week high of .20. LGL group also posted a fourth-quarter profit of 15 cents a share, swinging from a year-ago loss of 5 cents a share.

Next is Federal National Mortgage Association (Fannie Mae) which is a government-sponsored enterprise and supports stability in the mortgage market as it provides mortgages. The value of the company’s penny stocks is expected to shoot high and give you huge returns once you buy penny stock of the company.

Oilsands Quest (BQI) is also considered another top penny stock performer. It showed an increase in value from August to October. However a high risk is attached with Oilsands quest because it has no revenue but the value of its reserves and expected ability to extract such reserves on a profitable basis make it one of the top penny stock performers. As these expectations are increasing because of the higher oil prices in 2010.

Unico is a company which deals in the precious metals mining sector and focuses on the exploration, development and production of gold, silver, lead, zinc, and copper. Unico is already a very active trading stock. It has been as high as 0 per share in 2007 before splitting its stock a few times. A huge potential and gain is expected out of this stock which makes them another top penny stock performer.

Atwood Oceanics is an explorer and has been very successful. The earnings’ estimates of the company have shown a rise previously and resulted in a P/E of 7.5. Atwood Oceanics’ margins have topped 40% too which signal that this company can give huge returns if an investment is made.

A variety of methods can be used by investors when finding the top penny stocks in the stock market. A penny stock newsletter can play a very important role in providing investors with very useful information, stock alerts, stock ideas, trends and list of top penny stock performers. Investors can also use a stock screener to generate a list of stocks based on a variety of criteria.

Many traders thought today would be a big down day on Wall Street. The politicians were saying the world would end if no debt agreement was made. This was all nonsense and ultimately, after opening down 1% on the indexes, the markets are trading flat. The key is to trade and make money off these moves. As the markets have floated back up, Monday light volume has kicked in. All eyes are on the debt ceiling discussions and when something does get passed, a big rally is in store. New 52 week highs will be seen on the S&P 500. Today, technology is showing signs of strength with Apple (NASDAQ:AAPL) jumping back to the 0.00 level and Google Inc. (NASDAQ:GOOG) is trading nicely higher as well. The biggest gainers last week were the financial sector. They are pausing today and Bank of America (NYSE:BAC) looks to be a buy on any pull back. Small cap Motricity (NASDAQ:MOTR) continues to be a short squeeze candidate with an upside target of .00. Get swing trade alerts as the pros take positions by joining the Research Center and Intra Day Stock Chat. Be on the cutting edge of proprietary hedge fund techniques. Profit with the pros.

Post from: Finance Articles

Top Penny Stocks For 2010

Penny STocks & The Penny STock trading Game

It can be an up and down battle at times, but today was anything but. October 29th was a day that left penny stock traders all over the world rolling in profits.

SAEIE, a stock that was trading at less then half a penny on 10/22 rose again, an incredible 79 % to close over 10 cents. A 20 bagger for anyone holding from last week, and it may not even be done running.

CPMCF was another great play for penny stock traders today. It gained over 15 cents, Doubleing in price and Closing up 103% on HUGE volume. Daytraders loved this trade because of the huge volume creating the liquidity needed for making real big money. I know of Some investors that put over 100,000 dollars Into this PennyStock. Cashing out around 80% for an 80,000 dollar profit, not bad for a days work. Another big winner was

WRIT, up over 140% closing at .017. Not quite the volume that CPMCF had but With multiple bounces down 50-75 % , some traders made out very well trading this 2 and 3 times.

DTSL was also one of the hot pennystocks today. It climbed over 100% in the first 30 minutes of market open fueled by news of a deal that has been signed with T-mobile. This was quickly knocked down to 50% by shorts that weren’t so eager to let a mina mar stock run. But this allowed for some savy traders to play an extra bounce. Because it did climb again closing the day at 100%

CCGC This was a MOMO trade started by one of the Penny Stock Newsletter Groups. It was definatly a nice trade for them. and for anyone who got in very early. But after climbing an Unbelievable 2000% In a short time after market open, it proceeded to fall all the way to 600% , Then bouncing back slightly to close the day at .017 just under 850 % up.

LOCN Saved the best for last. Even though there were quite a few more i am not listing. Today there were just to many Hot penny stocks to even list them all. LOCN was my favorite trade today. Smart investors noticed early in the morning that although there was no PR. LOCN had filed over 10 different financial reports in one day. This can only mean one thing. Uplisting. LOCN began a crazy run starting at .012 climbing to a high of .044 by 10:30am Dropping back to .02 by 11:00am, Then gradually Climbing all day long to close almost 400%. Some smart Penny stock investors made even more by selling at the high, and re buying at the dip.

All in all it was an amazing day for penny stock traders all around. Especially our chat room As we alerted all of these trades as they started running and more. The room was buzzing. leaving traders giddy as they watched the profits roll in. We can only hope november wil bring more of the same. Hope to see more people and more trading groups on the Penny STock Chat server to enjoy and share in the profits.

Everything is 100 % free. All the penny stock alerts come from experienced pennystock traders who love chatting and helping new people learn the game. We teach Charts, L2, Fundamentals, how to do DD etc.

But even if you are an experienced trader you can benefit from our chat network, We are IRC based so we can have as many chat rooms as we can make. All rooms are on a first come first serve. Come get your own today, totally free. and you have full control. We can also provide a custom web chat applet designed to your specifications and give you a custom Domain to go with it if you want to have a chat for your own web site or group. All 100 % free of course. Stop by today while the Penny Stocks are HOT!

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Penny Stocks – What a great day for penny stock trading. 100% + gains EVERYWHERE!!

Many believe that people who have a high tolerance for high risk must buy penny stocks as they are very volatile but this is not completely true. You can earn a great deal of money from penny stocks which are low priced speculative stocks. If you seriously follow these penny stock tips then you may make a fortune.

Firstly, investors should always think outside the box when making an investment in penny stocks. With the availability of vast information from the internet and newsletters, investors must always think extra ordinary and accordingly take their steps.

Secondly, you must also learn to manage your risk. This is very important because many investors often take the wrong steps because of the fear of risk and losing money. It will only make you slow in your decision and freeze your thoughts when a good opportunity to buy penny stocks comes your way. Therefore, you should understand your risk. You should always think and make sure to give a second thought when you buy penny stocks. Forget about the risk and then with an open mind, make your decisions. Follow penny stock tips from good traders and analyze their trading practice.

Thirdly, if you are new in this field then you must start off with buying cheap penny stocks. This way you can easily cut the risk of a huge loss. The volume of penny stocks also greatly matters. You should buy penny stocks with good volume so that you are always in a position to get out of it in time. Greediness is one drawback which can ruin your investment. You should buy enough penny stocks so that you can set a solid exit for any penny stock you buy.

Furthermore, a fourth point should be considered. As you know, these days scammers are playing their role in tricking people into buying penny stocks by creating hype, do not believe in such hype and dive into the stock straight away. These scammers follow a few tricks by fooling people through e-mailing and blogs. Therefore always look for respectable stock newsletters if you want to buy the best penny stock and acquire penny stock tips.

Proceeding further you must also do a product analysis and review the earning of past years for the company of the penny stock you are considering. You must examine the company’s prospectus carefully from which you can gather information about whether the value of company’s penny stock will rise and if it is wise enough to invest in the company.

The sixth point that should be borne in mind is that penny stock investors should also know how to study chart patterns. If you become a master in chart patterns, then it can lead you to success. These charts show the trends which are really important and should be reviewed when buying penny stocks.

These are the 6 important tips I have provided you with so that you can trade confidently and like an expert. You will find these penny stock tips, if followed properly, can really improve your trading practices.

Post from: Finance Articles

Buying Penny Stocks – 6 Tips You Can Count On!

So you’ve made a decision to get into very cheap stocks and give it a whirl. An opportunity of trading only a few dollars along with the potential of 1000% gains is certainly attractive. Did you realize True Religion Apparel, Inc. (TRGL) was once a penny stock? It now trades at over /share.

The terms “penny stocks” and “micro cap stocks” may be used interchangeably. Technically, micro cap stocks are usually classified and based on their market capitalization or market-cap, while small cap stocks can be viewed relating to their price level. Definitions vary, however in general a stock that has a market capitalization between and 0 million is usually a micro cap. (Lower than million is nano-cap) According to the Securities and Exchange Commission, any stock under is a penny stock. Others think of only those stocks stock trading at lower than as a penny stock.

Concerning investing, certainly not all of us hold bucket loads of cash to invest into the stock market. Along with stocks buying and selling at under a share, penny stocks make it feasible for almost any person to try their hand within the marketplace. The penny stock market can even be exciting, and could also be an incredibly profitable approach to earn money. Gains of 50%, 100%, 500% perhaps even 1000% are usually certainly not exceptional when trading with Very cheap stocks!

Most people that are interested in learning to trade usually get started stock trading penny stocks. Day traders love very cheap stocks, as volatility within the stock value makes it possible for trade in and out of any stock on a regular basis. In most cases volatility really is a day traders friend if played right.

The logic behind stock trading Small cap stocks is that they are much less highly-priced then their Blue Chip counter-parts. The fact that you don’t posses to risk a pile of greenbacks also makes them plenty of fun to trade. Penny Stock trading is one strategy to understand stock market trading however it can also be very risky. It is advisable to set up a stop-loss technique and protect your investment capital with wise exit strategies for those of you who are usually wanting to produce a important, positive impact on your portfolio.

Do your homework! You have to re-evaluate your trade on an on-going basis. Should your risk threshold is very low, it’s time to move on to another stock, leisure activity or profession. Often you posses to be patient with your penny stock trade. Businesses that can be not even popular can take a while for shareholders to start recognizing them. When the big boys start buying, be prepared to go along for a frenzied ride.

Know your risk tolerance first. Traders need to teach themselves thoroughly prior to buying of any stock specially very cheap stocks. Know how much risk you are generally ready and able to take. This implies examining the amount of money you can afford to forfeit.

Penny stock investing can be very consistently profitable certainly. Install some stop-loss tactics and hold fun.

Happy buying and selling everybody!

Penny Stock Rumble

Stocks hit 2-year highs
Stocks closed at two-year highs Thursday, with two of the three major indexes hitting their highest levels since September 2008. Investors looked on the brighter side of mixed reports on housing and jobs that came out before the opening bell.
Read more on CNN Money

1st in a series of videos outlining the basics of Day Trading, Showing how an average joe can open an account with 5-20k and make 0-00 a day trading the market. Will show you how i do it, and answer any questions you have. Each day.

Post from: Finance Articles

Penny Stocks for Dummies

Most penny stocks are shares of small companies that usually don’t have great market penetration.The main difference between stocks and larger stocks is that they fluctuate enormously on a daily basis. When you decide to invest in the right small or large cap company, make sure you limit your order. While the OTCBB does require companies to file timely documents with the SEC, the pink sheets have no such requirement. Minimum standards act as a safety cushion for some investors and as a benchmark for some companies. Penny Stocks on the OTCBB and pink sheets do not have to fulfill minimum standard requirements to remain on the exchange. Stocks are not found in the typical markets that most stocks in your portfolio might be, such as NASDAQ, NYSE and AMEX.

The SEC defines penny stocks accordingly: The term “penny stock” generally refers to low-priced (below ), speculative securities of very small companies. While penny stocks generally are quoted over-the-counter, such as on the OTC Bulletin Board or in the Pink Sheets, they may also trade on securities exchanges, including foreign securities exchanges. In addition, stocks include the securities of certain private companies with no active trading market.

Before a broker-dealer can sell a penny stock, SEC rules require the firm to first approve the customer for the transaction and receive from the customer a written agreement to the transaction. The firm must furnish the customer a document describing the risks of investing in penny stocks. The firm must tell the customer the current market quotation, if any, for the penny stock and the compensation the firm and its broker will receive for the trade. Finally, the firm must send monthly account statements showing the market value of each penny stock held in the customer’s account.

Penny stocks may trade infrequently, which means that it may be difficult to sell penny stock shares once you own them. Because it may be difficult to find quotations for certain penny stocks, they may be impossible to accurately price. Investors in penny stocks should be prepared for the possibility that they may lose their whole investment.

Since pennystocks are traded outside the main markets, there’s a lot more room for investment from experienced and inexperienced investors. Penny stocks really help you develop a greater understanding of how the market works, from the very finite details and inner workers of the trading counters. Identify what type you want to invest in, micro cap, small cap or large cap companies. These terms relate to the amount of capital each of the companies have, and is a great way to gauge new opportunities or growth patterns. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow these steps.

Have you ever heard the phrase “the trend is your friend”? Well, with trading penny stocks, identifying trends through technical analysis and buying and selling according to that trend, can prove to be very profitable. Small cap stocks are loosely categorized companies with share prices of below and with market caps of under 0 million. They are sometimes referred to as “the slot machines of the equity market” because of the risks involved. In basic terms, with trend trading, you buy a stock when it is trending up and sell as soon as it reverses that trend or conversely when shorting the stock you short sell it when trending down and cover your position at the point it starts to recover.

Regardless of your definition the point of penny stocks is your trading lower valued companies that have less information because the company isn’t required to have independently audited information and is never covered by a stock market analyst because virtually no one would read about it or pay for the information.

As penny stocks are not traded on the main markets, it’s important to find a trusted broker or side exchange market to facilitate the purchase of stocks. In order to be truly effective as an investor, you must understand the ‘bid and ask’ price connection. The difference between the bid (real) and ask (selling) price is called a spread and is the base in which you will calculate your earnings. This is particularly important as stocks are sold by estimated values versus a single unit price. It is wise to install a stop-loss tactic and protect your capital with prudent exit strategies. This is both high risk and high reward. So, it’s very important to know what you’re doing, and listen to the experts.

And therefore carries a greater risk than your average large stock investment, however, with the potential to make a lot more money. For example, if a stock only cost 10 cents, a 1 penny increase would push a 10% gain.Typically, these types of stocks are sold for or less, in most cases they’re under a . Stocks are not found in the typical markets that most stocks in your portfolio might be, such as NASDAQ, NYSE and AMEX. Penny stocks are a great way of getting into the market at a low cost. And therefore, eliminates potential loss risks. The logic behind trading penny stocks is that they’re far less expensive then their Blue Chip counter-parts.

When researching what stocks to invest in, it’s important to do your research. Make sure you know what the company’s product is, and how it’s used in the marketplace. A limit trade limits the amount you’ll pay for the stock or your selling price. If you’re dealing with a share that’s a penny, then even the slightest movement in price before you buy can cost you all your profit or throw you into a loss. Since activity may be low on these stocks, certain individuals can play with the price of the shares and increase their selling price.

In any case, if you’re planning on buying stocks in larger quantities, always make sure to go through a broker. They know the markets and are in charge of handling and selling, so it’s best to work with them to maximize opportunity. Sometimes, this is why the stock is on one of these exchanges. Once a company can no longer maintain its position on one of the major exchanges, the company moves to one of these smaller exchanges. More often than not these companies are new or expanding their businesses and this market is a great avenue for investors to get in on the ground floor.

Penny Stock Rumble
http://www.pennystockrumble.com

Question by FeEdMeJuNkFoOd: Stocks?!?!?!?
I have 2 questions:

1. what is the difference between common stocks and preferred stocks?

2. If you were to start a business of your own, would you organize it as a sole proprietorship, a partnership, a corporation, or a nonprofit organization and why?

Best answer:

Answer by teehee
1. Preferred stocks get priority if the company is liquidated. For other differences — do a search online!
2. The structure of a business would depend on what the business is doing. While the first three can apply to almost anything, something that’s a non-profit is not likely to be in the same line of business as a for-profit. The different types generally provide different (if any) legal protection. Do a search!

Know better? Leave your own answer in the comments!

Post from: Finance Articles

Pros and Cons of Investing in Penny Stocks

This essay attempts a simple outline of the different types of bankruptcy available under the banruptcy code for American debtors, and the basic procedures and process involved in a debtor filing for personal bankruptcy for legal discharge of his or her debt.

BANKRUPTCY AS A CONSTITUTIONAL RIGHT.

Personal bankruptcy is a fundamental Constitutional right. Article I, Section 8, of the United States Constitution authorizes Congress to enact “uniform Laws on the subject of Bankruptcies” for the benefit of debtors who are United States citizens. Under this grant of authority, Congress enacted today’s “Bankruptcy Code,” last significantly revised or amended in 2005. The Bankruptcy Code, which is codified as title 11 of the United States Code, is the uniform federal law that governs all bankruptcy cases. Hence, bankruptcy being a fundamental Constitutional right, debtors need a cheap low-cost alternative bankruptcy system to high lawyers fees, and need to be able to afford bankruptcy without lawyers, or with lawyers. The point is that the cost and fees of filing for bankruptcy should never be made to be so high as to be a bar or hindrance for qualified American debtors who need to file for bankruptcy. Could that mean having to file bankruptcy with no bankruptcy attorney – to assure it will be low-low cost bankruptcy? Yes, maybe. Atimes, when the circumstances warrant that to make it practicable for a debtor to be able to excercise or enjoy that fundamental citizenship right.

THE BASIC PROCEDURES OF THE BANKRUPTCY PROCESS

The procedural aspects of the bankruptcy process are governed by the Federal Rules of Bankruptcy Procedure (often called the “Bankruptcy Rules”) and the local rules of each bankruptcy court. The Bankruptcy Rules contain a set of official forms for use in bankruptcy cases. The Bankruptcy Code and Bankruptcy Rules (and local rules) set forth the formal legal procedures for dealing with the debt problems of individuals and businesses.

There is a U.S. bankruptcy court for each “judicial district” that has been set up in the country. Each state has one or more districts, and there are 90 bankruptcy districts all across the whole country, with each of the bankruptcy courts generally having its own Clerk’s offices.

The court official with decision-making power over federal bankruptcy cases is the United States bankruptcy judge; he or she is the judicial officer who presides over the given United States district court. The bankruptcy judge may decide any matter connected with a bankruptcy case, such as eligibility to file or whether a debtor should receive a discharge of debts. In realistic and practical terms, however, much of the bankruptcy process is really not “judicial” or “legal” or even “financial” at all. But is, rather, merely ADMINISTRATIVE, both in nature and content, and is conducted, in fact, completely away from the bankruptcy courthouse. In deed, in cases dealing with the chapters 7, 12, or 13 types of bankruptcy (meaning largely the personal types of bankruptcy, as opposed to corporate or business types), and sometimes in chapter 11 cases, this administrative process is carried out by someone known as a “trustee” – a person who is not a bankruptcy judge or a court officer, but merely contracted by the court is to process and oversee the case.

Under the bankruptcy process, a debtor’s involvement with the bankruptcy judge is usually very limited. If you are a chapter 7 debtor (see below), for example, you typically will not appear in any bankruptcy court or judge’s courtroom, nor will you ever see the bankruptcy judge – unless, say, an objection is raised in your case by one of your creditors, an occurrence that is very uncommon. If you are a chapter 13 (see below) debtor, you would only have to appear before the bankruptcy judge at one point, only at a hearing as to the confirmation of your repayment plan. Generally, whether in a chapters 7, 12, or 13 type of case, the only formal proceeding at which a debtor is required appear or be personally present in a case, is what is called “the meeting of creditors.” Informally called the “341 meeting” because it is Section 341 of the Bankruptcy Code that mandated it, this meeting is held principally and primarily just so that the debtor’s creditors can question the debtor about their debts and property. This meeting is usually held, not in the court house or any judge’s chambers, but at usually at the offices of the U.S. trustee.

THE “FRESH START” MISSION AND GOAL OF THE BANKRUPTCY LAW & SYSTEM

Consistent with the original mandate of the U.S. Constitution that bankruptcy is a fundamental constitutional right, probably the single most fundamental goal and mission for which the federal bankruptcy laws are enacted by Congress, is to give debtors a financial “fresh start” from the burden of crushing debts. The U.S. Supreme Court made this point about the purpose of the bankruptcy law in a 1934 decision:

[I]t gives to the honest but unfortunate debtor…a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of preexisting debt. [Local Loan Co. v. Hunt, 292 U.S. 234, 244 (1934)].

For the debtor, this fundamental goal and mission becomes basically accomplished through being granted the bankruptcy discharge by the bankruptcy court, and this releases the debtor from personal liability from specific debts and prohibits creditors from ever taking any action against the debtor to collect those debts.

HOW DO YOU FILE FOR BANKRUPTCY? CAN YOU AFFORD IT?

Before we get to the basic types of bankruptcy that may be open to you under the bankruptcy law, just a few words about this vital issue: HOW DO YOU FILE FOR BANKRUPTCY AFFORDABLY, IF YOU WERE TO WANT TO DO SO? And secondly, as a debtor contemplating it, how can I AFFORD BANKRUPTCY? Actually, under the bankruptcy law, you’re given essentially three basic options: either take a do-it-yourself approach and prepare and file the bankruptcy papers (if you know the procedures) yourself; or, if you prefer, hire a knowledgeable bankruptcy attorney (not every attorney necessarily knows squat about bankruptcy!) to file the bankruptcy for you; or, the third option, you may hire a competent Debt Relief Agency or Agent (also called a Bankruptcy Petition Preparer or BPP) to prepare the same bankruptcy papers for you, but at a far lesser and more affordable cost for the bankrptcy filing than the attorney’s. Hence, a debtor, should he or she so prefer, may very well have bankruptcy with no bankruptcy attorney. With the help of either a bankruptcy lawyer or a BPP (depending on which one of the methods you prefer to go with), you’ll basically need to file a petition with the court that details your creditors and how much you, or if applicable, your business, owes to them. Then, a “trustee” is appointed by the bankruptcy court to oversee your case, and he then is responsible to administer the entire process till you get your court discharge from your debts in a Chapter 7 type of bankruptcy, and/or you repay the debts, say, in a Chapter 13 type of case.

THE BASIC TYPES OF BANKRUPTCY CASES

There are six basic types of bankruptcy cases provided for under the U.S. Bankruptcy Code – Chapters 7, 11, 13, 12, 9, 15. These designations derive from the names of the chapters of the Code that describe them. The following are a brief description of each of these.

CHAPTER 7. This is often called “liquidation” bankruptcy. This type of bankruptcy primarily contemplates an orderly, court-supervised procedure by which a court-appointed “trustee” takes over the assets of the debtor’s estate (to the extent that he or she has any, if at all), “liquidates” or reduces them to cash, and makes distributions of such recovered funds to creditors. The debtor is allowed to retain certain “exempt property” that will allow him the bare necessities to enable the debtor to live on even after bankruptcy. In practice, however, there is usually little or no nonexempt property left in most chapter 7 cases, and hence, there is generally NO actual “liquidation” of the debtor’s assets in the average case. These cases are called “no-asset cases.”

For the most part, in chapter 7 cases, the debtor who is an individual, receives a court discharge that releases him or her from personal liability for certain dischargeable debts. Discharge occurs usually just a few months after the debtor files his or her petition for.

You should note, however, that in 2005, certain amendments which were made to the Bankruptcy Code in 2005, called the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, require the debtor first takes a financial “means test” which is now the basic determinant of whether the individual consumer debtor qualifies to file for relief under chapter 7. If such a debtor’s income is exceeds certain income thresholds, the debtor may not be eligible to file for bankruptcy relief under chapter 7.

CHAPTER 13. This is often called the “adjustment of Debts” bankruptcy for an individual with a regular income. This type of bankruptcy is designed for an individual debtor who has a regular source of income. Chapter 13 is usually preferred to chapter 7 by debtors who have some valuable asset that they need to keep, such as a house, because this type of bankruptcy enables the debtor to propose a “plan” to repay creditors their debts over time – usually three to five years. Chapter 13 is also used by consumer debtors who do not qualify for chapter 7 relief because they do not meet the “means test” requirements. Basically, in a Chapter 13 case, the debtor works up a “repayment plan” by which he or she is to repay the debt, in part or in whole. There is then a confirmation hearing held by a judge on the proposed plan; the court then either approves or disapproves the debtor’s repayment plan, depending on whether it meets the Bankruptcy Code’s requirements for confirmation.

Chapter 13 is very different from chapter 7 in a few ways. The chapter 13 debtor usually remains in possession of the property of the estate and makes payments to creditors, through the trustee, based on the debtor’s anticipated income over the life of the plan. Unlike chapter 7, the debtor does not receive an immediate discharge of debts. The debtor must complete the payments required under the plan before the discharge is received. In return, the debtor is protected from lawsuits, garnishments, and other creditor actions while the plan is in effect. The discharge is also somewhat broader (i.e., more debts are eliminated) under chapter 13 than the discharge under chapter 7.

CHAPTER 11. This is often called the “Reorganization” bankruptcy. Ordinarily, it is meant for and primarily used by commercial enterprises that desire to continue operating a business and to repay creditors concurrently, through a court-approved plan of reorganization. The chapter 11 debtor usually has the exclusive right to file a “plan of reorganization” for the first 120 days after it files the case and must provide creditors with a disclosure statement containing information adequate to enable creditors to evaluate the plan. The court ultimately approves (confirms) or disapproves the plan of reorganization. Under the confirmed plan, the debtor can reduce its debts by repaying a portion of its obligations and discharging others. The debtor can also terminate burdensome contracts and leases, recover assets, and rescale its operations in order to return to profitability. Under chapter 11, the debtor normally goes through a period of consolidation and emerges with a reduced debt load and a reorganized business.

CHAPTER 12. This is often called the “Adjustment of Debts” bankruptcy for a Family Farmer or Fisherman with Regular Annual Income. It provides debt relief to family farmers and fishermen with regular income. The process under chapter 12 is very similar to that of chapter 13, under which the debtor proposes a plan to repay a debtor’s debts over a period of time – no more than three years unless the court approves a longer period, not exceeding five years. There is also a trustee in every chapter 12 case whose duties are very similar to those of a chapter 13 trustee. The chapter 12 trustee’s disbursement of payments to creditors under a confirmed plan parallels the procedure under chapter 13. Chapter 12 allows a family farmer or fisherman to continue to operate the business while the plan is being carried out.

CHAPTER 9. This is Adjustment of Debts of a MUNICIPALITY; it provides essentially for reorganization, much like a reorganization under chapter 11. Only a “municipality” may file under chapter 9, which includes cities and towns, as well as villages, counties, taxing districts, municipal utilities, and school districts.

CHAPTER 15. The purpose of Chapter 15, which is entitled “Ancillary and Other Cross-Border Cases,” is to provide an effective mechanism for dealing with cases of cross-border insolvency. This Chapter 15 largely applies where a debtor or its property is subject to the laws of the United States and one or more foreign countries.

Finally, in addition to the above outlined basic types of bankruptcy cases, there is also the SERVICE MEMBERS’ CIVIL RELIEF ACT. This is the law and process of bankruptcy filing which, among other things, provides protection to members of the military against the entry of default judgments and gives the court the ability to stay proceedings against military debtors. And there also a liquidation proceedings that comes on under the Securities Investor Protection Act (“SIPA”). True, the Bankruptcy Code provides for a stockbroker liquidation proceeding. However, it is still far more likely that a failing brokerage firm will find itself involved in a SIPA.  How? Under the SIPA procedure, investors securities and cash left with failed brokerages are returned to the investors. Since its establishment in 1970 by Congress, the Securities Investor Protection Corporation has protected investors who deposit stocks and bonds with brokerage firms by ensuring that every customer’s property is protected, up to 0,000 per customer.

FURTHER INFORMATION & HELP ON FILING BANKRTCY.

What to do when and if swimming in debt!? To learn more details about the requirements, qualifications and procedures, involved in each of the different types of bankruptcy discussed in this essay? Or, to get more specific information on how to actually file for cheap, low cost alternative bankruptcy system to high lawyers legal fees that you can well afford? Simple visit this site: www.afford-bankruptcy.com

Bankruptcy, IRA Accounts: Hot Trends
Bankruptcy and IRA accounts are the trending topics on Google and Yahoo.
Read more on TheStreet.com

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Different Types of Personal Bankruptcy. Which Bankruptcy Type Do You Qualify for, or Can Afford?

Green Mutual Funds are funds that invest in companies that are good for the environment. Typically these companies either are engaged directly in assisting the environment, innovative recycling, waste management, or asbestos removal companies. Or, they have clean, sustainable, Green business models, meaning that their processes are not environmentally harmful

These Green funds have been gaining popularity recently as more and more investors are starting to think about the environment. Expectations of global warming and increasing rates of natural disasters are pretty scary, and many believe that if we don’t start taking care of the environment, our planet may not be a very nice place in the near future.

Green Energy mutual funds have interesting possibilities. Today, alternative Energy is where it’s at. The thing is, it’s not quite the time to go Green with alternatives yet. Most of these things such as wind energy, solar energy, fuel cells, etc. are still in their developmental stage. That means that things are expensive and they’re not particularly profitable.

If you decide to dabble in a mutual fund investing, you will be faced with a slight challenge, which mutual fund do I choose? A great way to start is by researching different funds’ past performance records and future goals. Along with this you can also consider what fees the mutual fund charges, it is usually a good idea to go with a fund that offers a lower expense ratio and to avoid funds with additional sales charges.

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Make Money in Mutual Funds

Secrets of the Millionaire Mind Book

The Secrets of the Millionaire Mind book promises a lot, and if you’re like me, you’re probably starting out feeling skeptical about its ability to deliver.  After all, T. Harv Eker says that with five minutes, he can predict a person’s lifetime financial future!  However, closer examination of the book and what it has to offer could make a big difference.

Every one of us has certain attitudes about success and money, which can push us forward to success or hold us back.  That’s pretty much the biggest thing that Secrets of the Millionaire Mind can teach us.  Each one of us has our own internal money blueprint, which decides how our financial stories progress and how we act towards money.

That means that even with my knowledge of stocks, sales, finances, real estate and marketing, if I don’t have the right internal blueprint for success, I won’t ever reach my personal peak.  The good news is that every one of us can change our blueprints about money into ones that are better at making us successful.  That’s what Secrets of the Millionaire Mind can tell us – how to reset those blueprints.

We’ve all been programmed to either be poor or rich, and most of us have the programming that makes us poor.  On the other hand, I recently managed to make a big change in how I think about money, and you can, too.  If you want to be a millionaire, you first have to think like one.

This book will spend a lot of time talking about the financial blueprint and telling us what we think about money and why we think this way.  However, the metaphor of the blueprint isn’t allowed to obscure the truth of the message.  By ourselves, it’s hard to see what’s holding us back from success, which is why checking out Secrets of a Millionaire Mind can help.

This process might seem like it takes a long time, but the reality is that changes are going on each and every time we open up the book.  You’ll see results right away, even though the journey to success is a bit longer.  This million dollar advice is available for a lot less.

Not sure if you should take a look at Secrets of the Millionaire Mind to see what it can do for you?  Well, if you’re not willing to deal with having your mind changed, thinking about things in a while new way, and the mental discomfort that comes with being told you’ve been wrong, stay away.  It takes dedication and endurance to learn a whole new way of thinking about money.

On the other hand, anyone who’s determined to succeed should definitely give this book a few moments.  It’s not just one affirmation after the other – many of the things it has to say are quite uncomfortable to hear.  However, you’ll know they’re true once you hear them, and get ready to change the internal money blueprint that’s been blocking your way to success.

If it was possible for me to change my mind about finances, you can too.  This Millionaire Mind Book could be the perfect path to financial success.  Find out what Secrets of the Millionaire Mind can offer you, and get started on the road to financial fulfillment.

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Unlock the Secrets of the Millionaire Mind

Many people think that risk tolerance is related only to your emotional reaction to investing.That’s just not true. There is a lot involved in deciding the elements that affect risk tolerance for you, and emotions aren’t the only factors involved.

Ascertaining your own risk tolerance, with regards to stock market investing advice, requires awareness of multiple factors. One is that you have to know how much money you have available to invest, and the other is your thorough awareness of your financial end game. For example, if you plan to take retirement in 12 years and you haven’t saved anything towards that, you’ll need a substantial risk tolerance and do some hardcore investing to have plenty of savings to retire when you want to.

As a contrast, if you begin investing for your retirement in your early twenties, your stock market investing advice risk tolerance will be low. Developing the saving habit early will allow you to grow your money in a leisurely fashion. When you combine this with what you know about your emotional reaction to investing, the proper investment recipe for you will be revealed. It’s hard to ascertain this for yourself, so experts recommend that people use a good professional who can expertly assess you risk tolerance and assist you with investing for retirement.

Knowing your risk tolerance will help you establish an investment style and allow you and the investment professional you choose to invest with confidence. In spite of their being multiple investment vehicles only three investment styles exist – and those styles are directly related to your personal risk tolerance. Those three styles are called aggressive, moderate and conservative. But I will save the clarification of those for another article. Those will be explained in a future editorial.

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Stock Market Investing Risk Tolerance