description: Everything readers need to know about filing for bankruptcy under the new laws.Congress recently legislated profound changes to the rules for Chapter 7 and 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 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, · 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 · and much more 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.
language: English
title: The New Bankruptcy: Will It Work for You?
titlecomplete: The New Bankruptcy: Will It Work for You?
genres: Nonfiction, Finance
ratings_count: 21
publisher: Nolo