The most up-to-date book available for people considering filing for Chapter 7 or Chapter 13 Bankruptcy under the major new reforms.Features
Everything readers need to know about filing for bankruptcy under the new laws. The 1st edition reflects the latest bankruptcy rules, including changes in your state's exemption laws that let you protect your property.Written in plain English, Bankruptcy examines the pros and cons of filing for bankruptcy, discusses its possible repercussions, outlines the differences among various kinds of bankruptcy-Chapters 7, 11, 12 and 13 -- and proposes several alternatives to filing. Includes sample, completed bankruptcy forms.With these compassionate answers in hand, you'll be able to make the best decisions for your financial future. Congress recently legislated profound changes to the rules for Chapter 7 and Chapter 13 bankruptcy. Although these changes are intended to limit the number of bankruptcy filings, 90 percent of them occur because of divorce, medical bills or job loss - which means many people will still need to file.The new rules are complex, but those readers who face out-of-control debt can turn to The New Bankruptcy for plain-English help in choosing the best strategy to get back on their feet. Filled with clear-cut answers and practical suggestions, The New Bankruptcy covers all the issues a potential filer faces, including:

*  required paperwork
*   qualifying for Chapter 7 bankruptcy
*   how Chapter 13 repayment plans work
*   which debts are wiped out
*   how bankruptcy affects homeowners
*   keeping cars and other property
*   how bankruptcy affects credit
*   alternative ways to handle debt problems The New Bankruptcy also provides worksheets to help readers determine whether they can file for bankruptcy under the new law, checklists, sample forms and easy-to-use legal charts for all 50 states.