Updates
Here are summaries of important legal or procedural changes that affect the latest edition of this product.
If you want to check on the accuracy of any other information in the book, please follow the legal research
instructions in the book or in Nolo's research manual, Legal Research: How to Find and Understand the Law.
What's New in the 3rd Edition of The New Bankruptcy
Overview of What's New
All parts of the book have been updated to reflect judicial interpretations of various aspects of the 2005 bankruptcy legislation.
Who Needs the New Edition?
You Don't Need the New Edition If:
No one who is interested in how the new bankruptcy works should use the old edition, because many issues left unresolved or unclear by the 2005 federal legislation have been addressed and clarified to some degree by the courts.
You Need the New Edition If:
you are interested in understanding how bankruptcy works and how to qualify for the two most common forms, Chapter 7 and Chapter 13; and if you are interested in learning about alternatives to bankruptcy.
Chapters Most Affected
Chapters 1 through 3 have changed considerably. All other chapters have significant changes as well.
Forms That Have Changed
This book does not have forms, but it does include the state "exemption charts," all of which have been updated.
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