The term bankruptcy refers to a legal pronouncement of the inability of an organization or a borrower to pay off their debts. The creditor normally takes the case to court for pronouncement of bankruptcy. This is known as involuntary bankruptcy. When the petition for bankruptcy is filed by a borrower it is called voluntary bankruptcy. The understanding of bankruptcy today and the way it is practiced is quite different from the way it has been practiced in the ancient society. Bankruptcy has passed through centuries. Many cultures and traditions have their different ways of applying the rule of bankruptcy.
In ancient civilizations and cultures like the ancient Roman, debt has negative implication. The punishment for a debtor who could not redeem his debt could be terrible. In some situation the debtor was sold to slavery. The money realized would be used to redeem the debt. There were people who were not valuable. Such individuals were killed before their creditors in order to make them happy.
In ancient American and European world, the debtors were imprisoned or forced to work until they pay up their debt.
As time went on this crude means of bankruptcy began to be refined. The name bankruptcy was derived from an Italian phrase “banca rotta” referring to the breaking of the deadbeat merchant’s bench. Under this practice, debtors were no longer killed.
As civilization is improving more modernized ways of doing things were being invented. The ancient ways of doing things were replaced by these new means of achieving them. Efficient system of government that respect the dignity of every human person replaced the ancient system of government that tended to objectifies man. Consequently, chopping of debtors and breaking of bench were set aside. There were laws that were made to protect the interest of both the creditor and the debtor.
In the world today the understanding of bankruptcy has taken a new dimension. There are laws guiding bankruptcy in many countries of the world today. It is possible to settle for bankruptcy in the court.
There are two types of bankruptcy. Voluntary bankruptcy, as the name suggests, is where the debtors file for bankruptcy on their own. Though a debtor may voluntarily file for bankruptcy, he or she will not totally go free. Unlike before bankruptcy in the world today offers some liberation to the debtors. Involuntary bankruptcy is the opposite of voluntary bankruptcy.
The above does not mean that all the countries in the world practice the same system of bankruptcy. Some countries have regulations that are still strict and little bit dehumanizing. Countries like the United States of American and the United Kingdom have more flexible regulations with regard to bankruptcy. Flexibility does not mean that people should go about borrowing money beyond their pocket.
It is also good to note that bankruptcy in the United Kingdom from which the US derived its system of bankruptcy was initiated under King Henry VIII with the intention of protecting the interest of creditors.
Our world is a world of differences. People are different both in their behaviors and their thinking. What you may consider to be right may be considered to be wrong by another person. Under such situation of relativism, confusion is bound to arise. Laws and regulations are meant to guide against such confusion that can mar the common good as human beings interact with each other. One of the reasons why society is formed as many theories taught is to ensure that peace and order reign in the society. If not for the sake of laws and regulation man would have engaged in a continuous battle b with his fellow over one thing or the other.
However, there are people who are given the authority to interpret these laws and regulation for the people and to make pronouncements based on the stipulation of the laws. They are lawyers also known as attorneys. The importance of lawyers in the contemporary society cannot be overemphasized. The Latin adage that man is a wolf to man gives the tip of what the world would have become in the absence lawyers. Lawyers are agents of peace and order in the society. In the actual sense no society can exist without lawyers.
Some people are of the opinion that the judiciary is the last hope of the masses. This is to a greater extent true. There is no other way of obtaining justice in the society today except through the action of lawyers. If you have any problem with any person and you people cannot resolve it amicable, the option for both of you is to settle the case in the law court. If you desire to get the real interpretation of your country’s constitution then you need a lawyer to help you in that regard.
One of the ways the society has continued to benefit from the action of the lawyers is that they protect the interest of the common mass using the stipulation of the constitution. Settling cases within the law court has remained the best way of avoiding war and quarrel among citizens. This is because everything is provided for by the constitution. So if you have any problem you can employ a lawyer to protect your interest in the law court. Lawyers are therefore the mouthpiece of the common mass in the law court. You may not be able to know the stipulation of the constitution in your case. With an experience lawyer your interest will be protected.
However, there are some downsides you experience if you want to employ the services of a lawyer. One of the downsides of calling for a lawyer to help you to protect your interest is that such services can be costly. It is not every member of the society that will be able to afford the services of lawyers. The implication of this is that such people have nobody to protect their interest in the law court. It also shows that justice is being sold in the contemporary society. Secondly, there is no guarantee that your lawyer will win your case.
More than the kind of work that prevails while moving to a new place, the stress that one has thinking over the safety of the products in the course of the transit is more. To address this kind of problem foam packaging was introduced. Using molded foam will protect your goods from any damage or breakage and thus in turn will save you a lot of money. It is better to spend a few bucks on the foam instead of losing much costlier and exotic goods that are irreplaceable. Molded foam help you to custom package your goods according to your needs and requirements.
If you are buying your product through an online resource, you could always request them to be custom made for packaging for your goods. There will be some extra amount charged for it but it is worth all the hassles that you have to face in case to prevent any scratch or dent on the item. There are many benefits associated with using molded foam. It is the best protective covering that you can get. Other forms of coverings may cause you some inconvenience but the foam arrangement will not. The protective covering will keep your goods in tact as the way it is packed. Let us see some of the major spot-on benefits in using the foam packing.
The first and foremost benefit of using molded foam for packing is the kind of protective assurance it gives to your goods. The mold can be customized according to the needs of that particular set of goods. For instance, if the good is something that is made of granite, glass or delicate plastic material, then one ought to use a high density foaming material. It is absolutely possible to increase the breadth and width with many layers of foaming in such case. There are also soft foams and hard foams available. One can use the respective form of materials as per the needs. The soft foams can cover up delicate goods whereas the hard ones can be used around heavy objects. Thus it provides you with a flexible option.
Secondly, the foam material does not add up to the heaviness of the goods that are shipped. The foam covering is the best covering option while shipping or transit from one corner to the other as it is light-weighted and thereby saves you money. When shipping, the weight of the product is taken into consideration and you will be charged based on that. It does not make you spend any extra cost for its usage added to the fact it acts as the saving grace for the products.
Finally, they act as shock absorbers and will be able to maintain the temperature of the product throughout the travel period. It is also eco-friendly as it is easily degradable material. The foam packaging does not cause any adverse effects to the environment on which it is used. On the whole, it is the cheap and best option available and it is always better to go with a professional service in this regard.
Moving from one place to another for relocation purposes can often prove to be very hard and worry-some because you have to pack up your entire home and take it with you. For all the time you are worried about your belongings that they will remain safe from any kind of damage during transport. So good packaging is the most important step to take for keeping your things secure.
Normally the foam packaging is considered as reliable and safe packaging material for keeping things secure while transporting. Packaging foam is not only good for relocation purposes, but for the commercial purposes it will be more beneficial during transportation and delivery of products.
Foam packaging has many benefits. One of the major benefits of packaging foam material is that it keeps all kind of items safe from any kind of damage. When considering the weight of foam packaging, it is very light because it is a plastic in which air is being blown into. So the protection of items is promising without adding any additional weight to an already immense or bulky product. It will save you a lot of money because the weight of things is directly proportional to money which you require to spend for the transportation of packages – the heavier the more expensive. The second benefit of packaging foam material is that the foam is not untidy. Dissimilar from shredded paper, packaging foam will not very difficult to deal with and it will also keep surrounding area tidy and neat. From the packer’s end, foam is designed while keeping in mind the shape of item.
There are different varieties of foam available that range from the hard to the soft variety. If you require transporting the things which are very delicate, you can choose the soft variety so that the packaging will not cause them any damage. On the other hands, for hard things you can choose hard variety so that the things can survive through any kind of shock. You will always find foam packaging reliable and safe for your products during shipping.
Apart from packaging foam material there is many other different variety of packaging material that can prove to be very beneficial for your special items in transportation. Adhesive closures, edge protectors and boxes are the part of same group. The more fragile the items, the more care they require on their packaging. Whether the transporting is for moving personal items or for commercial reasons, top quality packaging is needed everywhere. The company of professional packaging will always make sure that all your items look good and stay safe. They offer specialized labor, proficiency and equipment for the same.
If you believe that getting the services of specialized people is a totally the waste of money, then you must think again about it. If you are thinking that you are a packaging expert by yourself, you may end up invite a loss of thousands of dollars because of damage caused to the products. So it will be advisable for you to call the specialized people for packaging in order to stay away from any loss.