New Business Ideas

Even though a lot of people seem to be using credit cards exclusively for incidental purchases these days, the truth is checks are still a preferred method of payment for a lot of people.

It doesn’t make sense not to accept checks, since most people will expect to have that option, but there are certainly some things to worry about when you do accept checks. There’s always the danger that someone has stolen the checks from their rightful owner or that they just don’t have the money to pay for what they’re writing the check for.

There will always be some risk involved in accepting checks, but these days technology makes your life a little easier with an invention known as a check reader.

A check reader is basically a scanner that the check is fed into. It reads the check and automatically debits the check writer’s account at the time of purchase.

The money is deposited into your account within 24 hours — you don’t even have to drive to the bank and physically deposit the check.

Using a check reader means you’ll know before the customer leaves the store if he or she has written a bad check. You’ll also get your payment a lot more quickly than if you used the traditional method of accepting a check, depositing it into your account and waiting for it to clear.

A check reader can take a lot of the guesswork out of accepting checks and will make you feel more secure when accepting checks for high-dollar items. Posting a sign that you have a check reader will make customers aware of the system and prevent people from writing bad checks in the first place.

Check readers are commonly available from the same companies that provide payment processing for credit cards and merchant accounts. Some companies even provide this equipment for free to people who are interested in using it.

You’ll no longer have to limit yourself to only accepting checks from the local area in case you have to try to track someone down who wrote a hot check. The reader will do all the work for you and tell you in a matter of seconds if the payment has gone through, regardless of where the customer’s bank is located.

There’s no reason not to get a check reader. You’ll get paid faster and know immediately if someone is writing a bad check. At the end of the day, you’ll know that the money you made today is going to be in you account tomorrow. What could be better?

The short answer is yes! Do not try to file any bankruptcy without one!

Your lawyer will know the law first and the foremost. The lawyer will know if you have too much assets or income for instance as he will do a means test calculation for you as is needed b the law. I recently came in a case of bankruptcy where the bankruptcy filers should never have filed the case because this person had non-exempt income or assets.

The trustee claimed all of the assets for creditors, as they will do when there are assets available to seize. If an experienced bankruptcy attorney would have been consulted at the beginning, so they can advise the clients not to file for bankruptcy at all in the case.

Clients can save the filing fees, attorney fees, administration fees and they could have made a deal to pay back the debts. As it turned out the customer must surrender the assets necessary to pay all costs and he should pay back the debt in full. It would much cheaper not to file bankruptcy in the first place and make matters worse the clients assets are tied up for over a year.

Second, you need a lawyer because the lawyers know the procedure of bankruptcy.  Filing for bankruptcy requires many steps, which are difficult to follow for beginners. A bankruptcy attorney will file the case electronically with special software that automatically comply with the procedural requirements of the court. If there are any mistakes in these, can result in delays and mostly continuance, and sometimes in the dismissal of bankruptcy case.

If the case is dismissed, the debt come back into the game and the whole reason for filing is neglated. Now you have lost the filing fee and you’ll suffer other penalties such as losing the automatic stay for one year.

Third, you need a lawyer, because if you hire one, you will get an expert who knows the law and the procedures, and also who knows the trustee. Each bankruptcy trustee is a little different and each has slightly different requirements. An experienced attorney know what each one needs and what everyone wants to receive in terms of supporting the documentation. This definitely help you through the process in smoothest and fastest way.

Finally, with a lawyer you have someone to accompany you through the process. They will accompany you in attending any meeting and they are available for any questions about the process at any time. It helps people to have less fears and worries about something that people naturally are very frightened about.

There are many reasons to hire an experienced bankruptcy attorney to help with your bankruptcy. Remember that the lawyer is the only one that can represent you in the court unlikely to the worsen the situation. So if you are considering bankruptcy then hire a lawyer and do not do it yourself!