Living on a Reduced Income -Deciding If Bankruptcy is an Option for you If you find yourself "over extended" and have tried finan cial counseling, budgeting and reduced payments and still can't make headway on your debts, bankruptcy may become an option worth investigating. When you're incurred more debt than you think yon can rea sonably be repaid, bankruptcy can be a way to debt relief. Filing for bankruptcy, however, brings long-term consequences for your credit rating. r m B&M FISHER’S PAINTING & tffT-L FISHER'S PAINT OUTLET STORE I QUALITY paints @ REASONABLE prices ■ ALL TYPES OF INTERIOR & EXTERIOR PAINTING ■ SANDBLASTING ■ ROOF COATING ■ RESTORATION & WATERPROOFING ON STONE & BRICK BUILDINGS HOUSES - BARNS - FENCES - FACTORIES - ETC. Specialists In Sand Blasting/Spray Painting Farm Buildings, Feed Mills, RooM, Tanks, Etc. With Aerial Equipment 4056 A Newport PA 17535 717-768-3239 On Rt. 772 Across From Peauea Valiev School ißrush, (Rptt Or Spray • We 'tt (Do It 'Either Way Tor Jobs Large Or Small • Our iMen Witt (Do It Sitt Blue Ball National Bank would like to Invite our agriculture customers to the Fifteenth Annual Agricultural Seminar to be held February 4, 1998 at the Blue Ball Fire Mali beginning at 9:45 a.m. This year’s speakers include: Mr. Roland P Freund, Senior Extension Agent, Cumberland County Cooperative Extension; Mr. Thomas Dietrich, President, Dietrich’s Milk Products, Inc.; Attorney Gary J. Heim, Attorney At Law, Mette, Evans & Woodside; Mr. John Berry, Extension Agent, Lehigh County Cooperative Extension and Prof. H. Louis Moore, Professor of Agricultural Economics for Penn State University. The bank will provide lunch. Because of limited space, we can ohly accommodate those persons who return the coupon at the bottom of this announcement on or before January 23, 1998. Reservations will be taken on a first come, first served basis. (No telephone reservations will be accepted.) | COUPON COUPON COUPON j I would like to make reservations for the Agricultural Seminar February 4,1998. Name Address. Telephone. Return To: Blue Ball National Bank, P.O. Box 580, Blue Ball, PA 17506 Attention: Brenda R igers Bankruptcy Explained Bankruptcy adjusts the rela tionship between you as a debtor and yoOr creditors. Many of your debts will be forgiven. You are allowed to keep some property, known as exempt items. The rest of your property is sold and the money used to pay off your debts. Your creditors may receive nothing, a small amount per dollar owed or be paid off entirely. The proceedings take place in federal courts and are governed by federal law. Keep in mind that bankrupt cy is the "ultimate torpedo to SEMINAR your ship of credit." Bankruptcy will remain on your credit record for ten years. If you file bank ruptcy you may not be able to obtain credit even for necessary purchases,' such as a car. Once you have filed for bankruptcy, you are not able to file again for seven years. Bankruptcy no longer carries the social stigma it once did. Yet, many families feel embarrassed and ashamed about declaring bankruptcy. They feel hostility from neighbors and business owners who accuse them of "walking away from their debts." Deciding to Declare Bank rupty If you're considering bank ruptcy, contact a lawyer experi enced in bankruptcy proceed ings. The lawyer can help you prepare necessary documents and file with the court. Discuss attomej and court fees at the first appointment because costs vary. As you consider bankruptcy, you will have a number of deci sions to make. Access your situ ation to decide if bankruptcy is the best solution to your debt problem. Then, decide which type of bankruptcy to file. The areas to plan carefully are debt repayment plans, exemptions, and tax implications. There are four provisions in the bankruptcy laws. Chapter 7 is used most often by people who are unemployed or very deeply in debt. Chapter 13 is used by people who have an income. Chapter 11 is for businesses fil ing bankruptcy. A fourth provi sion, Chapter 12, was estab lished for farm families. Chapter 7 Bankruptcy Chapter 7 is a "liquidation" of nonexempt assets to pay debts. It is also referred to as straight bankruptcy. Through a lawyer you petition the court to have yourself declared unable to pay your debts. In filing Chapter 7 bankrupt cy, most of your honesty incurred debts—those not incurred by fraud or intentional harm to another person or prop erty—are canceled (discharged). You receive a fresh start without worrying about past creditors coming to you for payment. In exchange, you surrender all property not exempt under state I will attend. My wife will attend. It’s a fact! Contaminated water can have a costly effect on your livestock and poultry performance. Our years of experience plus hundreds of farm related treatment systems has proven the validity and practicality of correcting contaminated water. WATER COSDITIOMNG Your Water Treatment Center Call us today for treatment of: * Nitrates * Bacteria * Iron * Sulfates * pH - Acidity!Alkalinity 740 E Lincoln Ave Myerstown, PA 17067 Ph; (717)866-7555 800-887-7555 308 W. Penn Ave RD #3 Box 109 G 309 W 4tn St Cleona, PA 17042 Stoystown. PA 15563 Quarryville, PA 17566 Ph.(717)273-7555 Ph.(814)893-5081 Ph.(717)786-7373 800-893-5081 or federal law to a trustee who will divide it among your credi tors in proportion to what you owe. As you consider Chapter 7 bankruptcy, take an inventory of your debts to determine which can be canceled (discharged). Chapter 13 Chapter 13 is known as the debtor-rehabilitation chapter. Under Chapter 13, the debtor who can make regular payments is given the opportunity to pro pose a realistic plan to pay his/her creditors over three to five years supervised by a trustee. A spouse without regu- Cook’s Question (Continued from Pago B 8) ANSWER—For those who wanted the internet number for gingerbread in a Jar, here it is thanks to Chris Knisely, Mullica Hill, N.J. A recipe can be found at httpy/www.geocities. com/Heartland/Estates/2953/food.htm ftjarginger. For readers who don’t have internet access, here is a redpe. Gingerbread In A Jar 2% cups all-purpose flour V* cup sugar 1 teaspoon baking soda Vi teaspoon baking powder V* teaspoon salt 2 teaspoons ground ginger 1 teaspoon ground cinnamon Vi teaspoon ground cloves 1 cup margarine, softened V* cup hot water Vi cup molasses Preheat oven to 350 degrees (pan method) 0r325-degrees for jars. Grease (use shortening) a 9x9x2-inch baking pan of five crystal jelly jars with straight sides, no bulges in the jars. Also, sterilize the jar by boiling for 10 minutes, leave lids and rings in the water until ready to use; Remove jars and allow to air dry and cool before greasing. Use a pastry brush to grease the jars. Do not use vegetable spray. In a large bowl, combine flour, sugar, baking powder, bak ing soda, salt, ginger, cinnamon, and cloves. Stir in margar ine, water, and molasses until well blended. Pour into prepared pan or divide equally among the five jars. Place jars on a cookie sheet or they’ll tip over. Pan Method: Bake in preheated 350 degree oven for 40-50 minutes or until cake tester inserted in center comes out dean. Cool slightly on wire rack. Jar method: bake in a pre heated 325-degree oven for3s-40 minutes or until cake tester Inserted deep into the center of each jar comes-out dean. Have your lids hot. Take one jar at a time from the oven (using heavy-duty mitts—the jars are hot) and place a lid on, then the ring. Tightly screw on lids. Allow to cool on your counter top. You’ll know when the jars have sealed, yDu’ll hear a Uplinking” sound. If you don't know when the jars have sealed, then press down on the jar lids, they shouldn’t move at all. Water Quality an IMPORTANT Ingredient In vestock Management 548 New Holland Ave Lancaster, PA 17602 Ph: (717) 393-3612 800-224-3612 Lancaslir Fuming, Saturdty, January 17, 1M8-817 lar income may file joint bank ruptcy with an income-earning spouse. If you file Chapter Iff bank ruptcy, your income is used to pay part or, all of the debts through a plan filed with the bankruptcy court. The repay ment plan must be filed in "good faith” and designed so that cred itors receive at least as much as they would have under Chapter 7 bankruptcy. If you want further informa tion on bankruptcy and proce dures for filing, contact your local Bar Association. ' FFA Develops ★ Premier Leadership ★ Personal Growth •JL Career “ Success mn II \moKll I*\MIKK \ d
Significant historical Pennsylvania newspapers