Baker & Taylor
Explains the benefits of Chapter 7 and Chapter 13 bankruptcy, covering such topics as how eligibility is determined, what debts are cancelled, what happens to personal property, complications that might occur, and the paperwork is involved.Ingram Publishing ServicesNot sure where to start? Let’s find the right bankruptcy option for you.
You know bankruptcy will help you get back on your financial feet. But which chapter type is best? The New Bankruptcy
explains the benefits of Chapter 7 and Chapter 13 bankruptcy. You’ll learn that Chapter 7 bankruptcy will:
- wipe out credit card balances, utility bills, and more
- protect property you need to work and live
- take about four to six months to complete
Chapter 13 bankruptcy works by keeping creditors at bay while you:
- catch up on a house or car payment
- pay off an overdue tax or support balance
- pay less on other debt, such as credit cards and student loans
The 7th edition includes legal updates, worksheets, easy-to-use charts, and a sample bankruptcy filing on the latest official legal forms.
Rising living expenses and stagnant wages have many Americans finding it increasingly difficult to pay the bills each month—and many businesses aren’t faring much better. In 2017, dwindling brick and mortar retail sales forced an unprecedented number of retail establishments into bankruptcy. This comprehensive guide helps individuals and small business owners facing financial distress determine whether bankruptcy, or a nonbankruptcy alternative, will provide the best financial solution for them.