Category: Automobile

Auto Repossessions and Bankruptcy

What happens to an auto that is repossessed before, during or after a bankruptcy case? The answer will depend upon which type of bankruptcy or which chapter rather, that the debtor has filed. It also depends upon whether or not the debtor wants to recover the vehicle or simply let the vehicle go. The basic rule is as follows; the debtor remains the beneficial owner of the vehicle until such time that the vehicle is sold at auction. What this means is, the debtor has the ability to recover that vehicle and negotiate with the lender prior to the auto being sold at auction. This assumes of course that the debtor has filed a bankruptcy and that the automatic stay has gone into effect.

One typical case that I often see is a Chapter 13 bankruptcy filing where the vehicle is repossessed pre-filing. In that case, the auto finance company is often willing to negotiate for the return of the vehicle in exchange for certain documentation. That documentation usually includes proof of auto insurance and listing the finance company as the loss payee. In addition, the auto finance company will likely want to see a copy of the proposed chapter 13 plan indicating that the secured creditor is listed at the proper dollar amount at the proper interest rate. If all of those items could be shown, the auto lender is very likely to return the vehicle to the debtor without the debtor having to file an adversarial complaint in the bankruptcy court to recover the vehicle.

In a Chapter 7 case, whether not the debtor can recover the vehicle has to do with whether or not the debtor is current on the payments and/or can become current. If the debtor is behind on a vehicle in a Chapter 7 and the vehicle is repossessed pre-petition, the lender will simply bring a motion to modify the automatic stay, which will allow that lender to be able to keep the vehicle from the debtor. The debtor always has the ability to come up with the past due amount and become current to recover the vehicle, prior to the vehicle being sold at auction. The most important question that the Chapter 7 debtor needs to ask himself, is can I get current on that vehicle to the point where I can reaffirm the debt on that vehicle, continue to make monthly payments on time going forward, and maintain ownership of the vehicle. If the answer to any of those questions is, no, it really makes sense to surrender that vehicle back to the lender, because eventually the lender is going to move to modify the stay and repossess the vehicle down the road.

Additionally, if the debtor agrees to reaffirm the debt, and that it is subsequently repossessed post-petition, the debtor may in fact be on the hook for the rest of the balance or a deficiency on that vehicle unless the reaffirmation agreement can be rescinded in time.

Most people do …

Development Of Commercial Air Transport And International Tourism


From time immemorial people have always been travelling. Back in the sixteenth and seventeenth Centuries, travels were necessitated by the need to discover new resources, investigate new markets for products and to expand their geographical knowledge. As the decades progressed into centuries, the transport industry kept advancing. This eventually increased the number of people who wanted to travel to other parts of the world because they knew that they had the backing of good transport. As time went by, travelling was organised into a structured environment, what is now called tourism. These days, there are normally seasons that facilitate more travels as tourist activities are usually high during the holidays and it is possible to predict these kind of activities. Some of the dominant regions in which tourism is deeply rooted are North American and Europe. (Davies, 1964)

Tourism had developed vastly in the last three decades. There are plenty of factors that could explain this paradigm shift but the major one is transport development. Statistics show that the number of cross border tourists has doubled from what it used to be in the eighties and seventies. On top of that, in the year 2002, there were over 700 million international tourists; who are about ten percent of the world’s population.

A critical discussion of the contribution of commercial air transport to the development of modern international tourism

Commercial air transport provides the only source of an international transport network. There are about 900 airlines throughout the world. All these contribute about 22,000 fleets of aircrafts. There are about 1,670 airports that have been registered internationally and these are all connected by a route network that stretches for millions of kilometres in the sky. The routes are coordinated by service providers from air navigation; they are about one hundred and sixty in number. No other mode of transport can boast of such a high level of international coordination and organisation. This characteristic has led to the growth of activities that are global in nature and one of them is international tourism. Tourists would prefer a mode of transport that could get them to their destination of choice in the fastest time possible and in an efficient manner. These have been accomplished through efficient coordination. (Richard, 1995)

Other modes of transport are mostly focused on their own countries as they may not be able to transport passengers quickly to their place of choice anywhere in the world, this characteristic is only exclusive to commercial air transport. This implies that it serves as an important contributor to globalisation. When there is an increase in globalisation, there is also an increase in international industrial activities; one of them being tourism. The ability of commercial air transport to cater for the large numbers of international travellers is backed up by the fact that forty percent of all tourists travel using air. The remaining sixty percent is shared by water, road, rail and others. This leaves very small percentages for each.

Commercial air transport …

Ambulettes Non Emergency Medical Trasportation – Best Business To Start?

Ambulettes is the best work from home business I’ve come across in a long time. I’ll make my case by giving you five reasons I think this is such a great opportunity.

– Low start-up costs. You can start a non emergency medical transportation service with nothing but a used ambulette, a cell phone, and one driver. If you drive the van yourself, then you have no labor costs.
– Non emergency medical transportation is recession-proof. This is a vital service within a community. I don’t like to be negative, but there will always be sick people. It’s an unfortunate reality of life. In every town, there are disabled people. There will always be people in wheelchairs and those who can only be transported on stretchers. These folk will always have doctor’s appointments they need to get to. The U.S. government recognizes this need and provides a Medicaid benefit to pay for it.
– This is a business with a growing customer base. Simple demographics will bear this out. Our population is growing older. An aging population will tend to produce more people with special needs.
– An ambulette service is an easy business to run if you like to drive. An ambulette provides door-to-door transportation for people who usually cannot walk. The driver takes the client out of the hospital or nursing home (or wherever they happen to be)and puts them into the van. He or she then drives the client to their destination and, unlike a taxi, takes them into the building and makes sure they are where they are supposed to be before leaving. This is what differentiates ambulettes from taxi cabs.
– No special education is required. You do not have to have a degree to run a non emergency medical transportation business. There is no expensive training you have to go through. You do not have to have a medical background as you will not be providing medical services. A valid driver’s license and a clean driving record are all you really need.

I know I said I would give five reasons, but I’m going to throw in one more to make my case rock solid.

– High income potential. I researched two ambulette services near my home. One generates approximately $101,000 per year in revenue with one employee. The other generates about $156,000 per year with two employees. The overhead for these services is low (you’re starting with just one van which you can park in your driveway) so a good portion of their revenue goes straight into the owner’s pocket.

This is what makes ambulettes the best work from home business I’ve found in a long time.…

Transportation of Dangerous Cargo

In our previous article we’ve discussed cargo types. Let’s remember them and enumerate briefly what they contain.

Cargo types:

– Standard cargo: industrial equipment, computer equipment, home appliances and office machines, clothing, footwear and so on. Competition in the market of standard cargo transportation is keen. Miracle movers, Toronto movers are one the leading movers and transportation carriers in Canada, more especially in Toronto and Mississauga.

– Non-standard cargo is cargo, which exceeds dimensions or requirements provided by the law. Company miracle movers, Mississauga movers cooperates with the best companies, which have all necessary for transportation of non-standard cargo.

– Joint cargo supposes shipment of small parcel of client’s cargo together with cargos which belong to other owners. Company miracle movers, Toronto movers renders qualitative services in the field of joint cargo transportation. Joint cargo allows clients to save their money in case of small parcels of goods.

– Container cargo – cargo shipped in containers.

– And finally dangerous cargo, which will be discussed further. Miracle movers, Mississauga movers have all you need for transportation of dangerous cargo.

Let’s talk about dangerous cargo more detailed. According to existing classification there are 9 classes of dangerous cargos. Each class needs special approach.

1. First class comprises explosive materials, which due to their characteristics may lead to fire with explosive action, as well as devices containing explosive substances and blasting agents. These cargos should be handled very carefully. Professionals from miracle movers, Toronto movers will advise you regarding safety conditions and organize transportation of the aforesaid cargos.

2. Second class comprises pressurized gases, liquefied gases obtained by refrigeration and solution gases obtained under pressure. For transportation of this cargo you’ll need special equipment and tankers. Miracle movers, Mississauga movers will help with transportation of gases.

3. Third class comprises flammable liquids and their mixes, as well as liquids comprising solid substances in solutions or suspensions, which fume flammable vapors with closed flash point 61C and lower.

4. Fourth class comprises flammable substances and materials which may easily flame from the ignition sources during transportation, as a result of friction, moisture absorption, spontaneous chemical conversion, as well as on heating. That’s why it is important to pack these cargos correctly and maintain recommended temperature. Miracle movers, Toronto movers have logistics department which deals with organization of such cargos transportation.

5. Fifth class comprises oxidants and organic peroxides, which may easily disengage oxygen, sustain combustion, and in certain conditions or being mixed with other substances may lead to auto-ignition or explosion.

6. Sixth class comprises noxious and contagious substances, which may cause death, intoxication or diseases, when they come into the organism or contact derma or mucosa. In this case, except equipment you’ll need special clothing. Miracle movers, Mississauga movers will care about this.

7. Seventh class comprises radioactive materials having volume activity more than 70 kJ/kg.

8. Eighth class comprises caustic and corrosive substances, which may lead to skin damage, eyes and airways mucosa affection, metal corrosion and vehicle, buildings and cargo …

The History of Transportation and Freight Brokers

Transportation and freight brokers have been moving goods since 1852 when Wells, Fargo & Company opened its doors in California, at that time anyone with a wagon and team of horses could open an express company. Before 1900, most freight transported over land was carried by trains using railroads. Trains were highly efficient at moving large amounts of freight, but could only deliver that freight to centralized urban centers for distribution by horse-drawn transport. 

The few trucks that existed at the time were mostly novelties, appreciated more for their advertising space than for their utility. The use of range-limited electric engines, lack of paved rural roads, and small load capacities limited trucks to mostly short-haul urban routes. As time moved on transportation began to gain popularity and new technology made trucks more capable of carrying goods safely, efficiently, and economically. This added to the rapidly growing infrastructure of highways and interstates, truck travel by road was the natural answer to many logistical and transportation challenges.

Starting in 1910, the development of a number of technologies gave rise to the modern trucking industry. With the advent of the gasoline-powered internal combustion engine, improvements in transmissions, the move away from chain drives to gear drives, and the development of the tractor/semi-trailer combination, shipping by truck gained in popularity. Today nearly every good you buy at a store or have around your home or office was transported one time or another by a truck, often multiple times. The amount of freight moved by truck every year in the United States adds up to a value of over $670 billion dollars, Ever since goods have been produced and needed transport over longer distance, freight brokers have been used. Freight brokers leverage extensive knowledge of the transportation industry and a wide list of contacts to match up companies that need to have product shipped with carriers looking for freight to move.…

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