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The Independent Arbitration Field Is It Poised For A Growth
By James A. Gage, Thu Dec 8th

The Independent Arbitration Field Is It Poised For A GrowthExplosion?

By James A. Gage

With the recent bankruptcy changes almost guaranteed to besigned into law by the President, how does this change theIndependent Arbitration Profession? I believe this is excitingnews for our profession- let me explain. Whether you are alreadyin the profession or looking to get involved with this “Businesswhose Time Has Come” let me remind you why this is such alucrative business and why it still is in it’s infancy.

(Article continued below)

First,

Demand for Professional Arbitration Services is Very High andGrowing !

Professional Arbitration is a multibillion dollar industry.There are literally tens of thousands of unresolved

Our articles continue...



Debtdisputes. Until now, the parties involved had no option, otherthan to be dragged into the process of litigation (court) to tryand salvage whatever possible. Professional Arbitration is thealternative. You can earn income on a par with any Professional! (Income potential is $7,000 - $75,000 or more per month fulltime) The time for entering the Arbitration Profession is now.Law suits and bankruptcies are at record levels. Until nowconsumers and business owners had no alternative but to uselegal methods to resolve debt problems. Litigation and Attorneycosts are at a all time high. Everybody involved is desperatefor a viable alternative. The Arbitration and debt ArbitrationIndustry is experiencing very high growth in North America.

Okay, with that being said how do the new bankruptcy laws playinto this scenario? Prior to these changes in the bankruptcylaws all you would have to do is breath on a mirror in order towalk away from your personal and business debts- that haschanged!

The laws in respect to Chapter 7 bankruptcy have changeddrastically and now provide for repayment of debts if yourincome is above the poverty guidelines set in each state; forexample the poverty guideline in Massachusetts for a family of 6is $56,000.00. If your business or personal income is above thatguideline, you can file for bankruptcy protection, but you mustmake arrangements to pay back your creditors through a trusteeof the bankruptcy court. Here’s the good part for ourprofession: We as Independent Arbitrators can provide many otheroptions to our clients then the legal system can; in addition wecan obtain better payment agreements and lump sum settlementsfor our clients.

In conclusion, you can see that there are going to be morelitigations filed in the United States for delinquent accountsboth on the personal and business venues then we have everexperienced before- this translates to more clients for ourprofession. It has been said we live in a very law suit crazysociety, guess what? You haven’t seen anything yet.

About the author:James A. Gage. is a best-selling author andinternationally-known expert in Arbitration and Negotiating. HeMentors One-On-One throughout the U.S. and across the world.James is also director of the Gage Consulting Group, LCC , 800Main Street, Suite 104 Holden, MA 01520 . http://www.jgage.com

 

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