The New Bankruptcy: Will It Work for You? Review

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The New Bankruptcy: Will It Work for You ReviewTo begin with, bankruptcy law changed completely as of October 17, 2005 for really the first time since 1978. Therefore, all books published before that date are pretty much worthless since they are giving you outdated advice on the old law. Of the ones that are in print covering the new law that I have looked through, this one seems to be the best combination of accessible and complete. It does a good job of answering common questions that a person would ask about bankruptcy in the new environment, as well as going into painstaking detail about all of the changes to the law, including the new means test. Included are the steps you need to take to declare bankruptcy, the order in which you need to take them, and the forms you need to fill out. The book also talks about impacts to your life you might not have thought of, such as how declaring bankruptcy might impact your ability to get certain types of jobs or even auto insurance of all things! The reason I have read so much about this is not that I have declared or am planning to declare bankruptcy. Just call me an interested citizen that followed the debate over the new law very carefully and therefore I know a little more than the average citizen about what is in the new law. That is how I know that this book covers and emphasizes the changes so well.The New Bankruptcy: Will It Work for You OverviewConsidering bankruptcy? Get the facts and find out how bankruptcy could work for you.Bankruptcy laws have changed, and figuring out how to use them effectively is harder than ever. For plain-English guidance you can trust, turn to The New Bankruptcy.Get the clear-cut answers, information and strategies you need to figure out whether bankruptcy is the right solution for your debt problems. Find out:
if you qualify for Chapter 7 bankruptcy
how Chapter 13 repayment plans work
which debts are wiped out
how bankruptcy affects homeowners
if you can keep cars and other property
how bankruptcy affects credit
alternative ways to handle debt problemsThe 4th edition is completely updated to reflect the latest rulings on the new bankruptcy laws, additional information on foreclosures and an all-new appendix containing essential sample forms. It also provides worksheets to help you determine whether you can file for bankruptcy, and includes fully up-to-date exemption charts, helpful checklists and easy-to-use legal charts for all 50 states.

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