Prevent Foreclosures

Sometimes, the foreclosure situation is so bad that the homeowner think that it is much better to file for bankruptcy protection and get a new start. There are many factors you need to consider if you are thinking of filing bankruptcy. Not only you need to think about your credit and what you would do after bankruptcy, you also need to consider the different types of bankruptcy you want to file and seek protection under. Many people do not qualify for Chapter 7 bankruptcy and they end up having to file for Chapter 13 bankruptcy instead. This book called How to File for Chapter 7 Bankruptcy will give you all the information you need about how to file for Chapter 7 bankruptcy protection.

In these times of massive credit card debt and stagnating incomes, filing for bankruptcy has become the only relief for thousands of people. The information in How to File for Bankruptcy is so complete that a person can file virtually on his own, without needing to hire a lawyer. By no means does the book encourage filing for bankruptcy, but it will help anyone in serious financial trouble determine if bankruptcy might be a sensible course to take, and examines what kind is appropriate for different individuals. All of the necessary forms are included, complete with explicit directions. Like all Nolo Press titles, this is a straightforward, no-nonsense book of useful advice and specific guidance, written in clear, easy-to-understand language.

From Library Journal

This book focuses almost exclusively on personal or so-called "straight" bankruptcy under Chapter 7 of the Bankruptcy Code, and excludes detailed consideration of Chapter 13 repayment plans. The authors, all lawyers associated with Nolo Press, provide step-by-step information necessary to determine whether or not, and how, to file. Included are worksheets, examples, and illustrative filled-in forms.

Although not stated, this volume is apparently intended by Nolo to replace Janice Kosel's perennial Bankruptcy:

• Do It Yourself , which has a California emphasis;
• however, it will complement her Chapter 13:
• Federal Plan to Repay Debts (Nolo Pr., 1987. 3d ed.).

- Merlin Whiteman, Indiana Univ. Sch. of Law, Indianapolis
Copyright 1990 Reed Business Information, Inc.