With Facebook recently exceeding half a billion users, businesses of all types are realizing they have a big opportunity to monetize their efforts on the world’s largest social network.

On August 24,2010 a volunteer hip replacement recall was issued by Depuy Orthopedics,a division of Johnson and Johnson.The ASR XL Acetabular metal-on-metal hip replacement system has shown to have a 13% failure rate within the first 5 years.Regardless if replaced,there is a big possibility that metal fragments break loose in the body that many times go a long time undetected.As a result, dislocation,bone fracture,infection,nerve damage,muscle damage,bone staining,tissue damage,swelling and increased metal ion levels in the bloodstream are all possible threats.

Curiously, the FDA had given special clearance to Dupuy to make the hip replacement system available to the public without first performing any clinical trials back in 2005.The first Depuy lawsuit was filed over a year and a half before the Depuy recall was announced comfirming many expert's opinion of thinking the Depuy recall should have been issued much sooner.

Depuy actually denied any problems occurring with the product while at the same time warning doctors about the high failure rate in the beginning of 2010.The only thing they claimed was that they were likely to discontinue production if sales continued to decline and any rumor being spread about them issuing a recall were false.They also kept silent the Australian registry data that showed a high failure rate.Johnson and Johnson have had many recalls issued this year alone.Still fresh in the public memory is the incident of them paying off doctors undisclosed amounts of money that became a huge scandal.

The first of the hip replacement lawsuits to be filed in the United States against Johnson and Johnson was on July 15,2010.Claims in the lawsuit accuse the company of being well aware of the flaws in the design causing it to be defective but yet never letting doctors or patients know.Worldwide 93,000 patients underwent surgery receiving the recalled Depuy ASR XL Acetablar metel on metel hip replacement system.

With a 1 out of 8 fail rate and several class action lawsuits already filed,Johnson and Johnson may have lawsuits against them numbered in the thousands.On November 18,2010 The United States Judicial Panel on Multi District Litigation has scheduled a meeting to make a decision on the lawsuits filed.

Facebook's New Battle With Google 
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This section provides data about bankruptcy however isn't the same as legal recommendation (the appliance of law to a private's specific circumstances). We tend to recommend you consult a lawyer if you would like help with bankruptcy. For additional information on bankruptcy.

Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, individuals who plan to file for bankruptcy protection, with limited exceptions, should get credit counseling from a government-approved group among six months before they file. They conjointly should complete a debtor education course from an approved provider to possess their debts discharged.


If you are thinking of Bankruptcy take into account these facts:



What's Bankruptcy?

Bankruptcy may be a continuing in a very federal court in that an insolvent debtor's assets are liquidated and also the debtor is relieved of more liability. Chapter 7 deals with liquidation, while Chapter thirteen deals with reorganization. If you have questions concerning bankruptcy, you must seek the recommendation of a licensed bankruptcy attorney.

Sorts of Bankruptcy

Chapter 7 bankruptcy is when the court appoints a Trustee who might liquidate or sell some things that you own to pay your creditors. Most of your debt can be canceled, however you'll opt for to pay some creditors, usually to stay a car or home in which the creditor contains a lien.

Chapter thirteen bankruptcy is when your debt is reorganized into one monthly payment. The payment will continue for 36 to 60 months. In no case might a set up give for payments over a period longer than five years. You do not need to repay all of your debt. You pay only as abundant as you'll be able to afford, however the minimum payment may be full of property you wish to keep. After you complete the payments, debt not paid is discharged.

Advantages and Disadvantages of filing for Bankruptcy

•   One in all the foremost important advantages of filing for bankruptcy is that debtors may obtain a recent money start.
•   If you are eligible for Chapter seven you'll be forgiven (discharged from) most unsecured debts. A secured debt is one that the creditor is entitled to collect by seizing and selling bound assets of the debtor if payments are missed, like a home mortgage or car loan.
•   You may be able to keep (that's, exempt) several of your assets, although state laws vary widely in defining that assets you'll keep.
•  Assortment efforts must stop as you file for bankruptcy beneath Chapter 7 or Chapter 13.
•  You cannot be fired from your job solely as a result of you filed for bankruptcy.

•   A bankruptcy can stay on your credit record for seven-ten years and can have an result on your future finances.
•   A bankruptcy could impede your possibilities of obtaining a mortgage or automobile loan for a few time.
•  Not all debt can be discharged. Some debt that will't be discharged is child support, alimony, some student loans, divorce settlements and a few income taxes. You should talk to an attorney on the specific categories of debt that will be allowed for discharge.