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
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