The New Bankruptcy: Will It Work for You?

...read this book! It is a great introduction to the subject of personal bankruptcy. When a consumer gets into debt over their head and is unable to keep up the payments on the bills, sometimes bankruptcy is the best way out. The author explains the differences between Chapter 7 and Chapter 13 and why a debtor would choose one or the other. He also explains the means test, which determines whether Chapter 7 bankruptcy is available. He explains the purposes of bankruptcy as well as the consequences. He also explains the limitations of bankruptcy. Not all debts may be discharged and some property is excluded from the reach of creditors. The book is written for the average reader and the language is clear and concise. This book does not cover Chapter 11 bankruptcy, which is for businesses, or Chapter 12 bankruptcy, which is for farms. It does not provide step-by-step instructions for filing bankruptcy. For that, you will need another book. The book is fairly short and half of its content is made up of a glossary, sample forms, and a table of federal and state exemptions. I highly recommend this book to anyone who is considering personal bankruptcy.

This is the first review I've ever written on anything I've purchased. This book was awesome! I could not afford an attorney to help with my Chapter 7 filing, so I was determined to look for resources and examples to do it myself. This book walked me step by step and I'm so appreciative. Anyone who can read can do their own Chapter 7 filing with this book.

This doesn't give you the down sides to filing. The title doesn't do this book justice. I was looking at what will happen after I file and hard things will be. Can I get an apartment, can I get a car loan, can I get mortgage. How does a bankruptcy look on a credit report. There are sprinkles of these questions but none fully answered. It talks about self respect but doesn't even give you anything to promote that. Typical bankruptcy lawyer promotion for bankruptcy. It's like seeing a divorce lawyer thinking you can save your marriage. They aren't in that business model. Anyone else see what's wrong here?

This book is good, but I feel like it hasn't covered the things I really needed to do research on. I purchased it to try and help a friend to guide her through the roadmap of bankruptcy.

Nolo books have always been helpful for me. But, realize they do not replace an attorney. This is a very helpful guide.

As always, Nolo books are the best! I am in the legal profession and Nolo Books are far better than the ordinarly law books, especially on Bankruptcy. They are great reference books and they are wonderful to look up something that would take hours to look up in law books. I recommend Nolo for anyone who needs this type of information, both non-lawyer and lawyers!

Nothing more to say. Product. OK, all right? This word length requirement is becoming boring. I haven't bought a piece of Manhattan real estate.

Great at the time. Be sure to refer to latest information if considering bankruptcy.