Cover image for The new bankruptcy : will it work for you?
The new bankruptcy : will it work for you?
8th ed.
Physical Description:
267 pages ; 23 cm.
General Note:
Includes index.
What is bankruptcy? -- Who can file for bankruptcy -- How bankruptcy affects your debts -- Your property and bankruptcy -- Your ome -- What happens to personal property that secures a loan -- Making the decision -- Your credit cards -- Your job, freedom, and self-respect -- Bankruptcy forms and procedures -- Getting help with your bankruptcy -- Alternatives to bankruptcy.
Added Corporate Author:
This easily-navigated guide provides a cost-effective way for individuals and small business owners to quickly find answers to pressing financial questions. But it does more. The comprehensive coverage of bankruptcy and nonbankruptcy alternatives allows the reader to determine the best course of action while avoiding time-consuming and costly legal consultations.


Material Type
Call Number
Item Available
Book 346.73078 ONE 2020 0 1
Book 346.73078 ONE 2020 0 1

On Order



Not 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:Not sure where to start? Let's find the right bankruptcy option for you.

wipe out credit card balances, utility bills, and more protect property you need to work and live, and 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, and pay less on other debt, such as credit cards and student loans. The 8th edition's expanded online companion page includes downloadable worksheets and easy-to-use charts, as well as a sample bankruptcy filing on the latest official legal forms.

Author Notes

Cara O'Neill is a bankruptcy attorney in Northern California and a legal editor with Nolo. She has been practicing law in California for over 20 years and is the author of Nolo's Chapter 13 Bankruptcy, Everybody's Guide to Small Claims Court, and more.

Table of Contents

The Bankruptcy Law: A Work in Progressp. 1
1 What Is Bankruptcy?p. 3
Types of Bankruptcyp. 6
Chapter 7 Bankruptcyp. 7
Chapter 13 Bankruptcyp. 18
How Bankruptcy Stops Collection Effortsp. 25
The Bankruptcy Trusteep. 29
Business Bankruptciesp. 32
2 Who Can File for Bankruptcyp. 35
Getting Help With Eligibility Issuesp. 37
Credit Counselingp. 37
Calculating Your Income Statusp. 40
Chapter 7 Eligibility Requirementsp. 46
Chapter 13 Eligibility Requirementsp. 57
Other Issues That Might Affect Your Decision to Filep. 64
3 How Bankruptcy Affects Your Debtsp. 69
Debts That Will Be Discharged in Bankruptcyp. 70
Debts That Survive Chapter 7 Bankruptcyp. 73
Debts That Survive Chapter 13 Bankruptcyp. 83
Debts Discharged in Chapter 13 (But Not in Chapter 7)p. 88
How Joint Debts Are Handledp. 88
4 Your Property and Bankruptcyp. 93
Your Bankruptcy Estatep. 94
Inventory Your Propertyp. 98
Value Your Propertyp. 100
Understanding Exemptionsp. 100
5 Your Homep. 107
Homeowners Filing for Bankruptcy Under Chapter 7p. 108
Homeowners Filing for Bankruptcy Under Chapter 13p. 124
Renters Filing for Bankruptcyp. 131
6 What Happens to Personal Property That Secures a Loanp. 135
What Are Secured Debts?p. 136
How Secured Debts Are Handled in Chapter 7 Bankruptcyp. 136
Eliminating Liens in Chapter 7 Bankruptcyp. 142
How Secured Debts Are Handled in Chapter 13 Bankruptcyp. 144
7 Making the Decisionp. 147
8 Your Credit Cardsp. 159
If Your Balance Is Zerop. 160
If You Owe Money But Are Currentp. 161
9 Your Job, Freedom, and Self-Respectp. 163
Will You Lose Your Self-Respect?p. 164
Will You lose Your Job?p. 165
Effect of Bankruptcy on Job Applicantsp. 166
Other Forms of Discrimination Because of Bankruptcyp. 166
Effect of Bankruptcy on Child Custodyp. 168
Effect of Bankruptcy on Your Freedomsp. 168
10 Bankruptcy Forms and Proceduresp. 171
The Means Testp. 173
Challenges for Abusep. 174
Valuation Hearingsp. 181
Common Chapter 7 Motions and Proceedingsp. 182
Converting From One Chapter to Anotherp. 185
Potential Problems in Chapter 13p. 187
Filling Out the Bankruptcy Formsp. 190
11 Getting Help With Your Bankruptcyp. 195
Debt Relief Agenciesp. 196
Bankruptcy Petition Preparersp. 198
Bankruptcy Lawyersp. 200
Legal Researchp. 207
12 Alternatives to Bankruptcyp. 219
Do Nothingp. 220
Negotiate With Your Creditorsp. 223
File for Chapter 11 Bankruptcyp. 227
File for Chapter 12 Bankruptcyp. 227
Glossaryp. 229
Appendix: How to Use the Downloadable Forms on the Nolo Websitep. 251
Indexp. 253