Bankruptcy: An Action Plan for Renewal

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Socrates Media, LLC, Sep 1, 2005 - Business & Economics - 253 pages
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With changes in the federal bankruptcy laws in effect as of October 17, libraries will want to have up-to-date guidance for their interested patrons. Raum, in addition to being a newscaster at National Public Radio, is a practicing attorney with expertise in personal bankruptcy. She guides those in financial difficulty to an understanding of what bankruptcy is and helps them evaluate it as an option. She explains the differences between Chapter 7 bankruptcy (liquidation) and Chapter 13 (reorganization), as well as alternatives to filing. She provides a basic rundown on the process, including filing the petition and attending the hearing. There is advice on re-establishing credit, choosing and hiring a lawyer, avoiding credit scams, and moving on after bankruptcy. The appendixes provide illustrative worksheets and forms and a 50-state chart on homestead exemptions. Similarly, editors of Socrates Media cover the essential elements of the bankruptcy process. Readers learn what it means to go bankrupt and how it is accomplished. There is an excellent explanation of the homestead exemption rules that may protect a home in a bankruptcy proceeding, and a good chart comparing the old bankruptcy law and the new. There is information on Canadian bankruptcy, and appendixes include a glossary, a list of online resources related to consumer credit, and one for legal search engines. The book comes with a CD that contains an electronic version of the information, a legal dictionary and links to financial management forms and tools (registration required). Joan Pedzich, Harris Beach PLLC, Rochester, NY (Library Journal).
 

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Bankruptcy: An Action Plan For Renewal (Socrates Answers)

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With changes in the federal bankruptcy laws in effect as of October 17, libraries will want to have up-to-date guidance for their interested patrons. Both of these books will prove helpful. Raum, in ... Read full review

Contents

Section One
2
How This Book Can Help
3
What is Bankruptcy?
9
Secured Unsecured Debts
15
Section Two 23
24
The Automatic Stay
25
Change Your Bankruptcy Estate
33
The Property Exemption System
39
Section Four 75
76
Filing for Chapter 7
77
Going to Court
85
Making the Decision Chapter 13 or Chapter 7
93
Section Five
99
Determining Eligibility for Chapter 13
101
Filing for Chapter 13
109
Chapter 13 Repayment Plan
117

Completing the Personal Property Worksheet
45
Section Three
51
Keeping the House
53
Your Home the Homestead Exemption
59
Determining Eligibility Advisability of Filing Chapter 7
67
After You File for Chapter 13
125
Section Six
131
Section Seven 163
164
Section Eight
177
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