Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / Feb. 4, 1982, edition 1 / Page 12
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Page 12 - The Chronicle, T ^j >~v ^55^; v Hp if J v. jm 1 Tony Brown brings his h Journal, to public televi Channels 4 and 26. The society. OSHA , Prote Bankruptcy provides a wa\ for a person who is overly extended for debt obligation to accommodate his or her situation. Whatever asset the person lias, with allowance for certain exemptions, would be distributed by the court to the creditors. Any person may file a v o I u n t <*r y bankrupt c y whether he or site is insolvent or not. A wage earner or farmer can voluntarily go into bankruptcy, but . cannot 'involuntarily be placed in bankruptcy. The bankruptcy filing fee is $60. Bankruptcy can be declared An attorney" is not legally required for a bankruptcy, but the forms can be complicated. They can be purchased at a stationery store for $6 or ^'7 The bankruptcy law does not put a limit on the amount of debts a person must have before he or she can file in bankruptcy, but often bankruptcy, which is certainly not helpful to a person's credit rating, can be avoided by using something called the Wage Earner Plan. This is a repayment plan which is set out in Chapter 13 of the Bankruptcy Act. Any wage earner, regardless of the amount of income, whose principal income is from wages, salary nr r/"> m m ict iAnc f 1 'v KS I V. V M I I I I .1I V ' I I 3 , I I I CJ V lilt (1 pctiton under Chapter 13. lamammdiiiimiiimmimiiiitiiimmitiii Black 1 itmiiimiiiimiiiiiiiiimiitinmimiiiimm done to improve black part "We felt very good about i Archia .said. "The Admir . very cordial and assured would do all they possi increase minoritv nartir J r-. understand their position institution, so where we adequate, we will bid." As a gesture of its good AAid, the Administration pi K?-- the*- -me receive special notices advi up-coming projects. "Well, thata all well and haven't seen anything in n said Carter. "I did get a let contributions to their buildii they did manage to find m that." Dr. Douglas Covington, Vii p hursday, February 4, 1982 BjV jfl K/jl Brown Returns ilghly regarded public affair son beginning Tuesday, Fet series looks at black issue \ct ction On Thi It the plan is not successful, he cannot be adjudged a bankrupt without his consent. Here is how the wage earner plan works: It can be /"? i I hpr o m a ?- - ? - ' " ? ~ i tin t.MCIISIUII (postponement) of a com- I Legal Aid REGGIl WARRE position (compromise), or a combination of both, of a wage earner's debts under the supervision of the i ? - - aiiKruptcy court. Usually, a 36-month period is set up (it may be longer in some circumstances). During that period, the debtor makes monthly payments of about 25 percent of monthly takehome pay to a trustee. The funds are applied as far as they will go, first paying the security interest and chattle mortages, and second, the general creditors. On the completion of the payments, the debtor is discharged and^ released from further payments. The Wage Earner Plan offers a fairly uncomplicated solution for a family caught in the consumer debt cycle. All the family's money problems are brought together and handled in one comprehensive proceeding. The family will have to be able to make a substantial monthly payment on the plan. luimiiiiiiiiiiiiiiiiiiiiiiiiitiiiiMMnmiittiiiimHi sunders 5 From Page 1 uvuiiiiiittiiiiimttiiitmmtttniittiitiiffmmiiftii icipation. State chance the meeting," aired by th? listration was valid, but hi us that they scrutinized bly could to institution. :ipation. We "We feel a < as a state in the involvi feel we are ors, but whet inantly black faith, Archia with it," Cov edged to the that Jhe pti ising them of increase mil hniMino n?r?t good, but I Dr. Covingti ly mail yet," university us< ter asking for a black arch ng fund. Now design both y address for building and building, the rinston-Salem most imports nn^. B^s.v J^B PR m s program Tony Brown's >ruary 9 at 7:30 p.m. on s and their impact upon ? Job It the family has no income or is the income is so low that it will only cover essential current living expenses (food, rent, utilities, medical, etc.). wage earner plans arc not usually feasible and the only alternative eT A I N I is straight bankruptcy. The plan has many advantages. The debtors do not go bankrupt and can truthfully say they have never been bankrupt. Bills are paid in full or substantially paid with any balance discharged. A wage earner plan is reported in credit reports for only seven years from the date of filing. Usually under the plan the I debtors can keep their home if they own it. The plan would be set up to take house payments into account, and usually enough money is freed from other payments so that the debtors have the ability to make their house payments. Foreclusure can be stopped immediately or at any time I during the three-year plan. There is the pride and selfesteem involved in squarely meeting and looking at debt problems and if the plan I does not work, the debtor I can convert to straight bankruptcy at any time. NtminniimnifiiiMawiiNiiiiHiunnHMHtn | Snubbed iniitmintiitifmtitiiniiHiiiimiiHiiiiiiiHiii Uor, said that the concerns i minority contractors are s institution should not be any more than* a white definite concern and interest ement of minority contracther an institution is predomor white has nothing to do dngton said. "I would hope ?dominantly white schools lority participation in the ects." I dt\ also emphasized that the sd the work of Harvey Gantt, I itect based in Charlotte to I the 52.4 million nursing 1 the $2.2 million business I university's two largest and nt projects. ^ | t * PRICES GOOD FEB. 4, 5 & 6, 1 omo mI? Items may not bo available at our temporary Parfcviow location. I EXPRESSION OF I LOVE?CARING FRIENDSHIP? Crown has tho parfact Valentino Card for you to oxproas your fooling on thla special day! -m wMi '399 /g\<: || ASSORTMENT OF I LOVE PENDANT / I NECKLACES J y| 1 Weq $5 00 ; Kit ? l?W Crnnmrm KM IJ $9n Polaroid's OneStep Kit Included camera, case, film and flash HANDY 2 IN 1 iZZT | Can Ooener/ I Knife Sharpener | ?? CoMliMtlen can opanar and knifa akarpaoar ; "Hands Frta" oearation "Eaay Claan" rtmewNa cutting l&Hl eaaaandly \ pi Cord Storae* k*?t aacou cord "" ? \ art cotmtor ? $4C88 Peg $19 99 . J PIECE ~ SET - P FOLDING WOOD JLOTHES DRYER $677 J fW.e reserve the right to limit quantities ? *c (v' < EES X. *u,hTS 1? | The Selection I Mb# I NC4r M?l* Planning a Valentine Party? Come to Crown and see our selection of party supplies! J Valentfnc>?5 t f !<<r for Kids I From superheroes to cartoon favorites. I 93 Concentrated Cologne ?!J TIME-ZERO EP SUPERCOLOR -? "=RLM= fejp*: |88 $6" IB r|f| 135 SHEET pj NIFTY 5 in 1 \ SUBJECT BOOK i^e rpq Ig3jjgl= $4 38 yy^ ST. REGIS ENVELOPES Re9 99 #1? CHATHAM &^f^j^WILD BIRD wild i?3r FOOD 25% p ? ASSORTED TINS H ^^2?g%g& 2 4''1 X 9^ 1 ~ " ~ PORTABLE IRONING BOARD s* * I , COMTREX 16 CAPSULES 1 [GOMmX L&S. W^1IB1 OR 24 TABLETSl VOUR * . AA | Tcomtre* choice S1 99 | I EXCEDRIN EXCEDRIN PM I capsules $427 TABLETS $ OB 7 Reg S3 78 Reg S3 29 NEW?r\ft\Q irsSS fefl SOMINEX I |5^3| TABLETS J 8 OUNCE A j qq V | ilil Reg J, 69 | Refl "59 LIGHT DAYS^^^ Reg S1 28 QQO PANTILWERS B90 " 8 Basic or $ 01 8 Deodorant fv\ 24 OUNCE /i scope [fan n =????$-|99 p? 1 BAND-AID I SECRET fWNQ ? . sheer LARGE 50 SOLID 2 Oz. or ALL SPRAY - 5 Oz. WIDE 30 < 4 Oz. ANTItgaw PERSPIRANT !& ; $4 47? # aLt*=?=l YOUR $^67 a*Q CHOICE I 1 PAIR ifl a 15 OUNCE TODAY'S ; SOR *? 6IRl SENSE (fiS all-sheer jjrL\ cifiij Sflk LOTION P Iuuv r 1 j ?'Jo r R?Q $3 28 12 OUNCE protein VITALIS ?$| LIQUID ~Ldd>v, B HAIRSPRAY fteg *3 37 H$268 i> $147 ^ j | Rpq S1 M ?| p ADTDinncc | unil I IIIUULU & H*2QQQ2^K?H Req f A LHAfTs ^ $ 0 3 TW^ggf .. 1 NOW $1.77 [B?S ,l| r '
Winston-Salem Chronicle (Winston-Salem, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 4, 1982, edition 1
12
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