Personal Bankruptcy Laws For Dummies
Chapter One
Considering Bankruptcy
In This Chapter
* Understanding the history and tradition of bankruptcy
* Dispelling myths about bankruptcy
* Discovering what you can gain in bankruptcy
* Recognizing what you may lose in bankruptcy
* Knowing the consequences of not filing bankruptcy when you qualify
Maybe you were socked with an unexpected and uninsured medical
expense, and you didn't have the savings to cover the bills. Perhaps
you lost your job, and you can no longer juggle your car and mortgage payments.
Maybe you dipped into personal assets in a desperate (and futile) bid
to salvage your business. Perchance your husband split and left you holding
a big bag of joint debts. You likely bought into the easy-credit, instant-gratification,
shop-till-you-drop mentality encouraged by lenders and retailers and
found yourself mired in financial quicksand. In any case, things got out of
hand and now you're up to your ears in debt.
Finance companies are warning that if you don't pay up, and soon, they're
going to take your home and car. Credit-card firms are threatening to haul
your butt into court. Debt collectors are pursuing you rele ... read full excerpt from Personal Bankruptcy Laws For Dummies ebook
