Book Description: Considering bankruptcy? Get the facts and find out how bankruptcy could work for you. Figuring out how to use the bankruptcy laws effectively is harder than ever. For plain-English guidance you can trust, turn to The New Bankruptcy. The New Bankruptcy provides clear-cut information, answers to common questions, worksheets, and strategies to help you figure out whether bankruptcy is the right solution to your debt problem. Find out: · the main differences between Chapter 7 and Chapter 13 bankruptcy · whether you qualify for Chapter 7 bankruptcy (the means test) · how the Chapter 13 repayment plan works · which type of bankruptcy (7 or 13) is better in various situations · which debts are wiped out · what happens to your property, including your home, car, and retirement accounts, and · other ways to handle debt problems. The book also outlines the bankruptcy process and includes sample, completed bankruptcy forms.