How Junk Bonds Can Be Problematic

Junk bonds are bonds that are both high-risk and high-yield. Because of this nature, they are a kind of security that can be very vulnerable to fraud and recklessness. It is a good thing that fraudulent and reckless financial advisors may be held liable.

But at the end of the day, do you really want to deal with the hassles of the court? Prevention will always be better than cure, so avoiding junk bond fraud and recklessness is more advisable than fixing it. Below are some of the ways how junk bonds can be problematic.

Focusing on the benefits

The best thing about junk bonds is that they have significant returns compared to other securities. If your advisor makes a sales speech using this sole advantage and disregarding the other aspects that involve junk bonds, he may put you into financial trouble. It is very important to know that junk bonds are high-risk securities.

Not looking at the risks

Bond prices and yields often go on opposing ways. Stable and high prices often have low yields, while unstable and low prices, such as junk bonds, often have high ones. For an investor like you, high yields may be very attractive, but your advisor should let you look into the risks, so you would know whether you have the flexibility to take them.

Many investors have lost significant amounts of money because of the risky nature of junk bonds, and you can be one of them if you and your advisor are not careful.

Not suitable for your financial standing

You and your advisor should work together so that you can clearly state your financial status, investment goals, and willingness to take risks, and that he clearly understands them. These are very important aspects when it comes to investing, because they can determine the kind of investment that is suitable for you.

Depending on these factors, junk bonds may not be suitable for you, and if you still pursue, you may experience financial losses that is more than what you can take. Effective communication with your advisor is key.

Alcohol Impairment, the Reason behind One-third of All Fatal Road Crashes

Alcohol Impairment, the Reason behind One-third of All Fatal Road Crashes

Records from the Centers for Disease Control and Prevention (CDC) show that in 2012, more than 29 million people admitted that, at various times, they drove t5hier car while impaired by alcohol. In 2013, an estimated 1.2 million drivers were arrested and charged with driving under the influence (DUI), a serious traffic offense.

According to the National Highway Safety Traffic Administration (NHTSA), about five million motor vehicle accidents occur every year. More than two million of these accidents result to injuries, while more than 30,000 are fatal.

The CDC also states that 31% (almost one-third) of all fatal motor vehicle accidents in the U.S. involve an alcohol-impaired driver. To some drivers, alcohol-impairment occurs after consuming two regular bottles of beer, which will result to a 0.02% blood alcohol concentration or (BAC) level. Possible effects of a 0.02% BAC can include decline in visual functions and in ability to perform two tasks simultaneously. The BAC limit for car driver is 0.08%. Studies show that, at this level, a driver’s muscle coordination becomes poor; his/her judgment, self-control, reasoning, and memory become impaired; and it becomes harder for him/her to detect danger.

Time and again, it has been proven that alcohol weakens an individual’s motor skills and mental capacity, rendering him/her less able to control his or her vehicle. This lesser ability means higher risk of accident which may injure or kill someone else – the basic reason why drunk driving is considered a major traffic offense.

Impairment due to alcohol affects not only car drivers, but truck drivers too. With the huge size of a truck, however, just imagine what sort of damage and injury it can cause if it were driven by an alcohol-impaired driver.

Due to the size of an 18-wheeler or a big rig, the BAC limit for truck drivers has been set at 0.04%. Despite this lower BAC level, however, and the punishments that will be imputed on violators, use of alcohol and drugs by truck drivers, according to the National Transportation Safety Board (NTSB), is the second major reason behind truck accidents. No driver of smaller vehicle would probably consider that the driver sitting behind a truck’s wheel is alcohol-impaired. Yet, data show that, prior to accidents, many drivers were, indeed, intoxicated and impaired due to alcohol.

The 0.04% BAC limit, however, is not the only thing that big-rig drivers should worry about. Truck drivers who are found to have a 0.02% BAC can also be suspended from driving for about 24 hours, while those who will register a 0.08%, even when off-duty, may still be charged with a DUI.

According to the Houston car accident attorneys of Williams Kherkher law firm, the severity of the injuries sustained by victims in drunk-driving accidents usually leave them with costly medical bills and other expenses, and long-term disability that necessitate changes in their personal and family lives. Besides these, severe injuries also render victims incapable of reporting for work, resulting to lost wages which, in turn, can result to financial difficulties.

Worse, however, according to the Clawson & Staubes, LLC: Injury Group, is the effect of trucking accidents, which often result in severe injury or death as a result of the speeds and weights of the vehicles involved. Such injuries can result in significant medical bills, lost wages, emotional distress, and uncertainty as to how to proceed. To reduce this risk as much as possible, state and federal laws exist to help regulate the way trucking companies and their drivers operate in and out of the state.

Victims of car accidents, whether the other vehicle involved is another car or a truck, should not hesitate consulting with a car accident or personal injury lawyer, who will be able to help them understand their legal rights and may be able to provide them the strong legal representation they need in a claims lawsuit. Victims should know that they not only have the right to pursue legal action, but to seek compensation from the at-fault driver or from the company that he/she works for (if the other vehicle is used for business purposes).

Know Which Debts a Court may Free You from if You File Bankruptcy

Those with huge debts and are unable to pay will probably go through a nerve-racking experience due to the constant hounding of creditors or debt-collectors, who will not cease their harassing tactics until debtors finally pay what they owe.

Loss of job, an unexpected health problem that requires costly medical treatment, reduced income, divorce, and/or a natural calamity are some of the reasons why people sudden lose the ability to pay creditors their mortgage, car loan, credit card debt, utility bills and other debts. Well, the more payments missed, of course, only results to the amount of the debt increasing until it reaches a sum that is already impossible (for the debtor) to settle.

Will a debtor still be able to save himself/herself from his/her seemingly impossible-to-pay or overwhelming debts? A “No” will definitely be devastating; fortunately,the answer is “Yes,” and the means is a legal one even – Bankruptcy.

In 2010, there were about 1.53 million Americans who filed bankruptcy in various U.S. federal bankruptcy courts. Bankruptcy is a legal procedure wherein a person (or a business firm) declares inability to make further payments in settlement of his or her debts. It is allowed by the law to give people (and firms) a fresh start in their financial lives.

In every financial situation is a bankruptcy chapter that would serve as an appropriate solution. Chapter 7 Bankruptcy or liquidation bankruptcy, for instance, is one that requires a debtor to surrender to a court-appointed trustee his/her “non-exempt” assets and properties for liquidation. One task of the trustee is to sell these properties in order to raise the amount needed to pay off a borrower’s creditors. Payment will only be on debts that are non- dischargeable (debts that a debtor will still need to pay), which include, but are not limited to:

  • Unlisted debts and creditors;
  • Most student loans, unless paying these would cause “undue hardship” to the borrower and/or his/her dependents;
  • Federal, state, and local taxes which are no more than three years old from the time these first became due;
  • Court fees;
  • Government-imposed penalties, fines, and restitution;
  • Child support and alimony or spousal support; and,
  • Debts resulting from wrongful death or personal injury damages if these are consequences of DUI.

According to Raleigh bankruptcy lawyers of the Bradford Law Offices, PLLC, dischargeable debts are debts a person is no longer responsible for paying after filing for bankruptcy. These include personal loans, credit card loans, medical bills, past utility bills, debts related to your business, payments on motor vehicles, house payments etc.; the court where bankruptcy is filed can free a debtor from these debts.

For “non-exempt,” some of the assets and properties that the law has identified under this classification include:

  • Motor vehicles, jewelry and tools used by the debtor in his or her trade or profession – but only up to a certain value;
  • Reasonably necessary household furnishings and goods, and clothing;
  • Household appliances;
  • Pensions, unemployment compensation, social security benefits and a certain percentage of the borrower’s still unpaid but earned wages; and,
  • Compensation for personal injury.

Injuries Resulting From Speeding

Utilizing extreme speeds can be an especially unsafe behavior that is driving, but sadly, it is a behavior that numerous people demonstrate on the daily basis. Submitted speed limitations are supposed to be described as a guide to drivers, indicating the utmost pace of which a driver may properly perform his / her car, and any rates over this published restriction have the potential to result in a severe collision and substantial physical injuries. Motorists who speed risk not only themselves, but every other driver, cyclists, or pedestrian who is also on the road or nearby. It may trigger intensive real and economic problems for any individual who is involved with a speeding incident although speeding may not appear to be a serious offense.

There are numerous conditions by which racing can be particularly harmful if not fatal though speeding is risky regardless. These situations usually require high traffic locations or lots of people, and they also may have restricted presence or road conditions that are dangerous. Regardless of factors if an irresponsible driver decides to neglect causes the damage of someone else and posted speed limitations encompassing an accident, they must be held accountable. According to the website of Madison personal injury lawyers of Habush Habush & Rottier S.C. ®, while patients of a speeding incident are sometimes laden with large financial prices, they are able to often sue a dangerous driver for fiscal settlement, allowing themselves to be financially supported by them throughout their moment of cure and recovery.

Circumstances that are specific

In nearly every driving situation, applying extreme rates is risky, but often these scenarios can be a lot dangerous when the odds of an accident boost. Some unique instances where racing might not be a lot more safe than usual include:

  • Around sharp turns
  • In the areas of traffic congestion or parking lots
  • On narrow, little, and winding streets
  • At different or night moments of reduced awareness

In these cases, an accident is very likely to occur and the odds of considerable damage is considerably increased.

The Dangerous Effects of Xarelto

Back in 2011, the Food and Drug Administration approved a new kind of anticoagulant or blood-thinning drug specifically meant for those that have gone through knee or hip replacement surgery. As these two procedures increase a patient’s risk of thrombosis or abnormal blood clotting, the new anticoagulant drug mitigates this danger through blocking the production of proteins responsible for the formation of clots that are meant to stop bleeding. Xarelto is meant to prevent the formation of abnormal blood clots that can cause strokes, pulmonary embolisms, and other life-threatening conditions.

Through the years, doctors have begun to prescribe the drug to address similar blood clotting issues caused by other medical concerns such as acute coronary syndrome and other cardiovascular problems. Xarelto has quickly become one of the most effective ways to prevent abnormal blood clotting and reduce the occurrence of complications caused by such an incident. By slowing down the production of certain proteins and enzymes, the drug keeps patient safe from experiencing anymore blood clotting complications that might otherwise be typical due to their current health issues.

While Xarelto has proven to be a helpful solution for some patients, it’s important to note that the drug is not without some side effects. In most cases, these side effects are of little cause for concern. Side effects such as frequent nosebleeds and heavier menstrual periods for women are obviously outweighed by the benefits brought about by the medication.

However, recent developments have shown that Xarelto can also have dangerous effects that might complicate a patient’s already fragile condition. As noted on the website of attorneys from the Williams Kherkher Law Firm, a noted number of patients have pursued cases due to the dangerous effects caused by Xarelto. In particular, these patients were found to suffer adverse side effects such as gastrointestinal bleeding and brain hemorrhaging. In some cases, Xarelto was also found to increase the risk of epidural hematomas and strokes.