The New Bankruptcy: Will It Work for You? 3
Review
“Authoritative, comprehensive and packed with helpful advice and useful information, including state-specific details.” (Eric Tyson, best-selling author of Personal Finance for Dummies and Mind Over Money )”With last year’s change in the bankruptcy laws creating unprecedented confusion in the field, it’s important to know whether it remains a viable option, and this book will offer both explanations and reassurances…” (Accounting Today )
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To 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 Therefore, all books published before that date are pretty much worthless since they are giving you outdated advice on the old law.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.
4.0 out of 5 stars
Good Book For Chapter 7
If you are looking for a good introduction to Chapter 7 for individuals, this is a good book. For information about Business Reorganizations, I recommend Chapter 11 Business…
3.0 out of 5 stars
This is a Book that an 81-Year-Old Illinois Man Should Have Written
I posted an online article recently at Hopeless Utopian about an Illinois man, 81, who has filed for bankruptcy 8 times, most recently in June 2008.