New Bankruptcy, The (11th ed.)

The New Bankruptcy explains the benefits and differences of the two most commonly filed bankruptcy chapters, Chapters 7 and 13. Readers learn that Chapter 7 quickly eliminates credit card balances, utility bills, and more without requiring creditor repayment, making it the first choice of most filers. Chapter 13 bankruptcy’s three- to five-year payment plan is the better option for debtors who want to keep houses and cars they’d otherwise lose to foreclosure or repossession, or pay overdue tax a