The Independent Arbitration Field Is It Poised For A Growth Explosion?

The Independent Arbitration Field Is It Poised For A Growth
Explosion?

By James A. Gage

With the recent bankruptcy changes almost guaranteed to be
signed into law by the President, how does this change the
Independent Arbitration Profession? I believe this is exciting
news for our profession- let me explain. Whether you are already
in the profession or looking to get involved with this “Business
whose Time Has Come” let me remind you why this is such a
lucrative business and why it still is in it’s infancy.

First,

Demand for Professional Arbitration Services is Very High and
Growing !

Professional Arbitration is a multibillion dollar industry.
There are literally tens of thousands of unresolved Debt
disputes. Until now, the parties involved had no option, other
than to be dragged into the process of litigation (court) to try
and salvage whatever possible. Professional Arbitration is the
alternative. You can earn income on a par with any Professional
! (Income potential is $7,000 - $75,000 or more per month full
time) The time for entering the Arbitration Profession is now.
Law suits and bankruptcies are at record levels. Until now
consumers and business owners had no alternative but to use
legal methods to resolve debt problems. Litigation and Attorney
costs are at a all time high. Everybody involved is desperate
for a viable alternative. The Arbitration and debt Arbitration
Industry is experiencing very high growth in North America. 

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

The laws in respect to Chapter 7 bankruptcy have changed
drastically and now provide for repayment of debts if your
income is above the poverty guidelines set in each state; for
example the poverty guideline in Massachusetts for a family of 6
is $56,000.00. If your business or personal income is above that
guideline, you can file for bankruptcy protection, but you must
make arrangements to pay back your creditors through a trustee
of the bankruptcy court. Here’s the good part for our
profession: We as Independent Arbitrators can provide many other
options to our clients then the legal system can; in addition we
can obtain better payment agreements and lump sum settlements
for our clients. 

In conclusion, you can see that there are going to be more
litigations filed in the United States for delinquent accounts
both on the personal and business venues then we have ever
experienced before- this translates to more clients for our
profession. It has been said we live in a very law suit crazy
society, guess what? You haven’t seen anything yet.