"You Need This Book First" is a series of legal titles which puts law into plain English for the lay person. The texts provide background information on the issues targeted, and take the reader through the planning and preparation work required. Financial advantages - tax savings, cost savings, and business benefits - are also discussed. "Managing Bankruptcy and Liquidation" is part of the above series and explores bankruptcy from a debtor's point of view, concentrating on damage limitation. Before going step by step through the legal procedures, this text explores the alternatives to bankruptcy (Individual Voluntary Arrangements - IVAs) and liquidation (Company Voluntary Arrangements - CVAs), as well as spelling out the financial and professional implications of insolvency in detail.