Everything readers need to know about filing for bankruptcy under the new laws.Congress recently legislated profound changes to the rules for Chapter 7 and 13 bankruptcy. Although these changes are intended to limit the number of bankruptcy filings, 90 percent of them occur because of divorce, medical bills or job loss which means many people will still need to file.The new rules are complex, but those readers who face out-of-control debt can turn to The New Bankruptcy for help in choosing the best strategy to get back on their feet.Filled with clear-cut answers and practical suggestions, The New Bankruptcy covers all the issues a potential filer faces, including: · required paperwork · qualifying for Chapter 7 bankruptcy · how Chapter 13 repayment plans work · which debts are wiped out · how bankruptcy affects homeowners · keeping cars and other property · how bankruptcy affects credit · alternative ways to handle debt problems · and much more The New Bankruptcy also provides worksheets to help readers determine whether they can file for bankruptcy under the new law, checklists, sample forms and easy-to-use legal charts for all 50 states.