Benefits and negatives of bankruptcy essay

Filing for bankruptcy has many advantages and disadvantages, depending on your situation.

Benefits and negatives of bankruptcy essay

ACN the corporation is not a scam. This article has nothing but good things to say about ACN the corporation. They provide great services at a great price and have utilized a unique means of sales and advertising. The article seeks only to discuss the strategies and activities of some of the reps within ACN which often times are likely not in accordance with what ACN the corporation encourages or condones.

The Basics of the ACN Scam The scam works by convincing people that they have are going to make a lot of money in the telecom industry by selling a few video phones, satellite TV subscriptions, cell phones, landlines, etc and encouraging a few of their friends to do the same.

Anyone can sell 3 services and we would argue that anyone could also find a friend to do the same. The issue, in our opinion, comes when you actually try to do it.

Most people are told from the start that less than one in are successful in the business. Additionally, a recent study see references has shown that approximately 0. All the money is in the sign-up fees! We suspect the obvious, to pay the bonuses!

We suspect this is generally the case, but would recommend you check for yourself — the exception to this rule would be when the individual has not yet earned a bonus — in which case their minimal income would be a product of service commissions.

A scam is a scam and just because the company pays out some money in actual service-bill revenue does not make it legitimate in our opinion.

Simply defined, an illegal pyramid sales program occurs when persons are induced to purchase the right to sell a product by representations that they could regain their purchase price and also earn profits by subsequently selling the same right to sell to others.

This certainly does not occur with the ACN Opportunity. If the opportunity were as good as you have convinced yourself it is, then most of your friends would sign up on the spot. This big disconnect between what you think of the opportunity and what the majority of the people you show it to think of it should make you nervous.

We recommend everyone understand the concept of position marketing described here: But the limited facts seem to suggest that almost nobody makes money in ACN.

Benefits and negatives of bankruptcy essay

The fact that this website even exists means the vast majority of people will probably assume that ACN is a scam.

This means that nearly everyone you attempt to recruit and almost every customer you seek to acquire is going to at least initially think that you are involved in an illegitimate business. This is not something you want to be associated with — not when the odds of you losing money are times greater than the odds of you paying off your initial investment.

That seems to be what everyone thinks. Obviously ACN is not illegal, or they would not exist! The strange part comes when they fall back on this proof of legality as an argument for why it is a good business.

To all those sold on the tax argument. Legally you can only deduct expenses that were incurred as a result of the business. Therefore, the only way you are going to save money is by spending a lot more.

The fact that tax deductions become available once you join ACN will only save you money if you plan to file a false tax return and deduct expenses that you already had prior to joining — not a good idea!

Look at what you give up! Can anyone name an industry that requires you to be hated by so many people see comments below and still has such a low success rate? Push the Favor — Trade your Dignity for Income Even panhandlers can make a little money by begging on the streets to a bunch of random people who they have never met.

As it turns out, the average mean panhandler makes over times the annual salary of the ACN independent representative. Honestly, ACN is a beautiful idea: We admit, the begging power of this many independent representatives is huge — and hugely profitable.

The issue is that none of the beggers make enough money — all of the cash floats to the top.We show you the best credit repair practices in order to fix bad credit in case you do it yourself and who are the best credit repair services to hire for excellent results if you choose to get an outside credit help.

Business Dynamics and Public Policies: Cross-Country Evidence from New Data

This cover letter is aimed at a recruited that can put into contact with various employers in your f. Looks like I get the first post again. Hope no one thinks I’m working some dark magic. Just a product of having no life I’m afraid. Having read Nathan Robinson’s article previously, I came to the conclusion that it was saying “You can’t argue against white supremacists”.

Bankruptcy is briefly defined as a process in which debtor obtains relief from his/her debts through the court. The relief varies in form and it includes full partial discharge of the debt or the nuisance of an imbursement plan consistent with the debtor’s financial means.

Benefits of filing for bankruptcy. Wipe away debt. The most apparent benefit is the peace of mind that comes with debt elimination. If your path to bankruptcy involved irresponsible spending. The advantages of bankruptcy.

The key benefit of bankruptcy is the discharge of debts, which enables a debtor to start over with a clean slate.

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