Is a Trust Deed another version of an IVA?

Is a Trust Deed another version of an IVA?When your financial boat starts to sink and you are looking for available debt management solutions, one of the popular and most promising solutions you must have come across is IVA (Individual Voluntary Arrangements). If you did further research you would discover that the Scottish version of an IVA is trust deed and although both are possible solutions to a financial problem, it can be confusing whether it is the same thing or different options. Actually, the major difference between an IVA and a Trust Deed is that the former is a debt relief process for the English and the other is for the Scottish. Only English and Welsh residents are eligible for the IVA while the latter is available to the Scottish residents.

To qualify for an IVA, besides being either Welsh or English, one has to have a minimum of £15,000 in unsecured debts whereas the Scottish can seek Trust Deeds if they have a minimum of £10000 in debts. The other difference between the two is the duration. Whereas an IVA lasts for 60 months (5 years), a Trust Deed lasts for 48 months (4 years).

Similarities of Trust Deeds and IVAs

Trust Deeds and IVAs have a lot in common, and this is why most people confuse the two or just interchange the names. If you are familiar with the English IVA, you will get to know Scottish version, which is the Trust Deed. Here are the most notable similarities between the two debt management solutions:

i) To be eligible for either IVA or trust deed, you must owe money to 2 or more creditors.
ii) Your monthly income should be £150 or less.
iii) You must make payments based on affordability.
iv) Only unsecured debts can be put forward in a Trust Deed or IVA agreement. Secured debts will not be included.
v) For both, at the end of the term of arrangement, any unsecured debts will be written off completely and you can then start a fresh.
vi) Both of these solutions are best when you have a job to prevent you from being sequestered or being declared bankrupt.
vii) Even after an IVA or Trust Deed, you can still hold public office or act in the capacity of a company director.
viii) You will be required to declare all windfalls valued at over £200 including lottery wins, bonuses and inheritances.
ix) Both Trust Deeds and IVAs will be recorded on a public register.
x) These debt management solutions will negatively affect your credit recorded and will be recorded in your credit file.

Because IVAs and Trust Deeds are among the most effective debt management solutions, they have been used by hundreds of thousands of people to pay their debts off and start over a fresh. However, as appealing as they may be, these solutions are only right when the circumstances favors it and Insolvency Practitioners often advice that you weigh the pros and cons before deciding on a course of action.

Most people often overlook such helpful financial solutions because they believe bankruptcy is the ultimate path to starting a fresh. Further research will show you that despite the difference in names, the English IVA and the Scottish Trust Deed are the same thing, albeit with a few variations and that the Scottish Trust Deed has friendlier terms and can set one free of debts much sooner.

Areas of Practice of the Peachstate Lawyer in Atlanta

Areas of Practice of the Peachstate Lawyer in AtlantaWhen one is arrested or accused of crimes that can have them jailed, they need not take such an issue lightly. They must ensure that they have found the right lawyers so that they can be fairly heard and represented in a court of law. if you do not know what you have to do so that you can find the best lawyers to defend you, then you c an visit website. This website should be a guide to you on what numbers to call, how to send an email to the lawyers or the law firms or even the guidelines that you have to follow as you file your defense. Further, the website should help you to read the reviews or the defenses that the company has had so far and the success rates of the same. When you have done this, then you and even your relatives can sit pretty and let the attorneys that work for this law firm do their work in defense of your case.

Atlanta: Locations Served

For the residents of Atlanta, there are many areas that this company serves. It is likely that you area is among them and this can be a good thing for you when you have cases that need to be attended to. W. Scott Smith, one of the Peachstate Lawyers is always ready to come to the aid of the people who need his services. The law firm also has many other attorneys that will come to the rescue of the clients who feel that they cases are in need of qualified and experienced lawyers. When you feel that your life is on the line, and that you may not have a chance of winning the cases, you need not give up. It is always important to trust the Peachstate lawyers and they will for sure do their job. Some of the areas that are served in Atlanta are:

1.       Alpharetta

2.       Johns Creek

3.       Sandy springs

4.       Marietta

5.       Chattahoochee Hills

6.       Powder Springs

7.       Roswell

8.       Dunwoody

You should also get help from wherever else you may be while in Atlanta. This does not have to be such a difficult thing for you to do as long as you can call the law firm and get your case to be addressed. by calling the team, your case should get free evaluation so that you will not have to worry about the charges before the company takes up your case.

Now, if you are not sure of the cases that this law firm handles, then you can be sure that this will be discussed here for your benefit. These are some of the common cases that the Peachstate lawyers will be handling for you and assure you of success. Rather, these are some of the cases that the company has handled in the past and done well:

1.       DUI

This is a common offence that many people commit while they are in this state and indeed in all the other states of the US. DUI stands for driving under the influence. This could be a case where one is caught driving while they are under the influence of alcohol or even drugs. For the people who may not be aware, this is a very serious offence and conviction may mean that you have to pay a heavy fine or even serve a prison sentence. For you to be sure that you will be acquitted of this kind of a crime, you need to hire well experienced lawyers. If you do not find a lawyer who is specialized on this kind of a crime, then you will definitely suffer the consequences.

2.       Drug Crime Defense

There are many crimes that one can commit when they have taken drugs. One can also be accused of drug abuse or even in the crime of peddling the drugs. Regardless of the drug crime, this is a serious offence and representation by an attorney who is not up to the task means that you are likely to lose the case. Hiring a Peachstate attorney may be the best option that you can trust. One of the good things with the law firms is that it has a number of qualified lawyers who can take up this kind of a case and push it through to a successful conclusion and to your favor.

3.       Domestic Violence Defense

Any kind of violence that takes place in your home means that it can be prosecuted. When a husband beats his wife, or the vice versa, then this is referred to as domestic violence. This crime may also spill to any violence that could be meted on the children. In the event that this happens to you, then the only option that you can count on is a qualified lawyer. And like all the other offences, the crime of domestic violence is highly punished. This means that you must hire a good lawyer so that you can be assured of the best representation.

Now, the above are not the only cases that the Peachstate lawyers can represent you in. There are many others and therefore it is up to you to present the cases and expect the best outcome.

Learn about Copperloy which is a Loading Dock Equipment Manufacturer

Learn about Copperloy which is a Loading Dock Equipment ManufacturerCopperloy has been a loading dock equipment manufacturer for many years and has therefore earned loyalty from many customers due to the quality equipment they have had to purchase from them. If you need efficiency, safety and profitability in your material handling operations, then you need to look out for equipment from Copperloy. They have managed to take the lead in this industry because of their quality and technologically innovative and durable items as well as the highly experienced staff working in their departments including the sales persons. They also offer customer support for those buyers who may have any issue with their equipment purchased from them be it on use or any defects noted thus creating a friendly and hassle free atmosphere with their customers. Continue reading

Do you vote?

Do you vote?A lot of people love to talk about politics and who they are going to vote for. They love nothing more than to have a good debate and decide who should be elected. The trouble is that not all of us are like that and can get quite bored with in-depth political conversations. Continue reading

State of Healthcare in the United States

healthcare_jobsWhat is  the state of healthcare in the United States? How many healthcare personnel does the country have?  Who owns most of the health facilities in this country? Is the United States a role model country for the rest of the world when it comes to healthcare? Many countries would definitely envy the state if healthcare in the United States. However, the healthcare in this country has taken time to bring it where it is right now. The government has worked to improve the regulation and modernize the laws that govern the provision of healthcare facilities in this country.

Before you Become a certified nurse or phlebotomist, you need to understand the healthcare dynamics in the United States. This will give you a glimpse of some of the institutions that are likely to employ you as a qualified healthcare facilitator. You need to be aware of the statistics about the provision of healthcare in this country. Would you like to work in the private sector? Would you like to be employed by the government? How much would you expect in salaries and emoluments? What are some of the benefits that you will be entitle to as worker in the healthcare system?

Healthcare Providers

There are many distinct organizations that provide healthcare in the United States. Most of these healthcare facilities are owned and operated by the private sector. 62% of the hospitals that operate in the United States are non profit. This simply means that their mission is to provide the population with good healthcare services without them having to concentrate much on making profit.

20% of the hospitals are owned by the government while the remaining 18% is owned by private businesses that work for profit. Probably the fact that the government does not own most of the healthcare facilities explains the advancement in healthcare provision in this country.

Healthcare Statistics

Here are a number of statistics that would better explain the state of healthcare in the United States:

  1. Healthcare is primarily in the hands if the private sector businesses
  2. Healthcare insurance for the majority of the population in the United States is provided by the government. Most of the public workers are insured by the government.
  3. 65 % of the healthcare provision comes from programs like Medicare, Medicaid, TRICARE, Veterans Health and the Children’s Healthcare Insurance program 

Shortage of Healthcare Workers In The United States 

One of the factors that have been pulling down the state of healthcare in the US and indeed in most other advanced nations has been a shortage of healthcare personnel. There is a general shortage of such workers as nurses, doctors, dentists, mental health workers and others. The shortage has been growing over the years and unless it is remedied early enough, the growing population in this country is likely to face a poor healthcare system in years to come.

The effects of the shortages

The shortage of the key healthcare providers has brought some far reaching effects to the population. The stakes are definitely high and unless this problem is solved in the earliest time possible, then the state of health could be grim in the long run. The public health nurses comprise the highest majority of the healthcare workers. There is a shortage in the public health system and. If this shortage is not remedied, then it could have effects such as:

  1. Poor patient healthcare
  2. Lower rates of breast feeding
  3. Increase in pre-term births
  4. Poor or no patient education
  5. High pregnancy rates among teens

How To Alleviate the deficiencies

Well, all is not lost. There are a number of things that can be done so that the shortage can be reduced. The government should improve the terms of the healthcare workers and also ensure that there is an increase in enrollment into the institutions that train the various health care workers. The government should also think of increasing the funding for the healthcare sector so that the programs that are being carried out can be successful. This is a general way of improving the state of healthcare but specific programs should be given emphasize that they deserve.


New Financial Regulations In The UK

New Financial Regulations In The UKIn reaction to the financial crisis, the then recently elected conservative government introduced new regulations that were to be implemented in a new way. Perhaps the most notable change they made was to disband the Financial Services Authority (FSA) and create the Prudential Regulation Authority (PRA) as a regulating body as well as the Financial Conduct Authority (FCA), and to give more regulatory power to the Bank of England. Continue reading

Government And Energy

Government And EnergyEnergy is one of the most important issues for governments today as it has been for a while now, but as we face a shortage of oil, a dependency of energy from countries that we share an unstable relationship with, and the severe effects of global warming, the question of energy sources and consumption is becoming something which the world is working together on, and something that drives nations to war. Continue reading