The Abcs Of Debt

Stephen Parsons’ The ABCs of Debt provides the most practical, realistic, and comprehensive tools for today’s students to study and master debtor-creditor relations and the bankruptcy process. The ABCs of Debt is unsurpassed in the foundation it lays for students regarding the creation and collection of secured and unsecured debt by both judicial and nonjudicial means. The text then leads them in a practical and realistic manner through Chapter 7, Chapter 13, and Chapter 11 bankruptcy cases in the actual way those cases begin, unfold, and ultimately play out in the offices of attorneys for debtors and creditors and bankruptcy trustees. The use of realistic and thorough case studies throughout the text forms a hands-on approach that bridges the gap between merely understanding debtor/creditor and bankruptcy concepts and knowing how to use them with confidence. Applying the Law exercises and optional drafting exercises develop the practical skills and working knowledge of a paralegal. New to the Sixth Edition: Six recent Supreme Court cases that address critical issues regarding debt collection and bankruptcy Legislative changes impacting bankruptcy practice: The new Subchapter V proceeding for small business debtors filing under Chapter 11 Temporary pandemic-related modifications to the definition of income under Chapter 7 and disposable income under Chapter 13 Freshened and updated Examples and Problem-Hypotheticals A new Sidenotes feature providing students opportunities to learn more about topics that interest them and that will enrich classroom discussions Professors and students will benefit from: Realistic case studies that add a strong skill-building component to any study of bankruptcy law Problem-Hypotheticals in which students apply points made in the text to realistic situations A sequential organization of bankruptcy topics that mirrors practice Ethical Considerations that highlight relevant ethical or professional challenges presented by the topic under discussion Highlighted case excerpts accompanied by Applying the Law exercises that link doctrine to practice Engaging and informative text boxes Key Concepts at the start of each chapter Chapter summaries, review questions, and sample forms Optional drafting exercises using hypothetical cases under Chapters 7, 11, and 13

Using a hands-on approach, this text bridges the difference between understanding bankruptcy concepts and applying them with confidence. Broad coverage includes bankruptcy law, debt creation, secured transactions, the law of liens, and debt collection. The Fourth Edition of The ABCs of Debt: A Case Study Approach to Debtor/Creditor Relations and Bankruptcy Law has been substantively revised to enable more efficient and focused instruction and to make it easier to cover the material in a single semester. Major new features for this edition include Highlighted Cases followed by Real-Life Application Exercises, Key Concepts that now appear at the beginning of each chapter, and Entertaining Information Box feature. Major new features for this edition include: Highlighted Cases followed by Real-Life Application Exercises Key Concepts that now appear at the beginning of each chapter Entertaining Information Box feature Substantive revision to enable more efficient and focused instruction and to make it easier to cover the material in a single semester: Pre-bankruptcy chapters streamlined with some material moved to the To Learn More feature located on the companion website for optional use by the instructor Shifted emphasis to highlight the important consumer/business bankruptcy distinction Forms for the three bankruptcy case studies comply with the important December 2015 amendments and dollar amounts for Bankruptcy Code provisions subject to the triennial dollar adjustment mandate of §104 revised as of April 1, 2016. Updates include discussion of every bankruptcy decision of the U.S. Supreme Court announced since the last edition: Bank of America, N.A., v. Caulkett; Law v. Siegel; Harris v. Viegelahn; Executive Benefits Ins. Agency v. Arkison, and Wellness International Network, Ltd., v. Sharif ; Husky Int’l Electronics, Inc. v. Ritz Numerous citations of new lower court decisions resulting from the 2005 BAPCPA amendments to the bankruptcy code

In difficult times, debt can be a matter of life and death, happiness and despair. Controlling your debt can bring order and calm. Mastering debt can bring wealth and success. As bestselling Rich Dad/Poor Dad author Robert Kiyosaki says, “Good debt makes you rich and bad debt makes you poor.” The ABCs of Getting Out of Debt provides the necessary knowledge to navigate through a very challenging credit environment. A Rich Dad’s Advisor and best selling author of numerous business books, Garrett Sutton, Esq. clearly writes on the key strategies readers must follow to get out of debt. Unlike other superficial offerings, Sutton explores the psychology and health effects of debt. From there, the reader learns how to beat the lenders at their own game, and how to understand and repair your own credit. Using real life illustrative stories, Sutton shares how to deal with debt collectors, avoid credit scams, and win with good credit. “The reason Garrett Sutton’s book is so important is that like it or not, debt is a powerful force in our world today. The financially intelligent are using debt to enrich themselves while the financially uneducated are using debt to destroy their lives.”- Robert Kiyosaki The times call for a book that offers hope and education on mastering credit and getting out of debt.

A step-by-step guide to eliminating unfavorable debt while improving a credit rating discusses the differences between good and bad debt, counsels readers on how to reduce debt quickly, and offers advice on how to render personal credit as favorable as possible. Original.

Using a hands-on approach, The ABCs of Debt: A Case Study Approach to Debtor/Creditor Relations and Bankruptcy Law, Fifth Edition bridges the difference between understanding bankruptcy concepts and applying them with confidence. Parsons begins with the premise that the specialized study of bankruptcy requires an adequate foundation in other aspects of debtor/creditor relations. This foundational knowledge is reinforced by realistic, current case studies that introduce, explain, and illustrate bankruptcy law and procedure. Students see how a bankruptcy case unfolds, from the moment a debtor makes contact with a lawyer until the case is closed. That chronological, step-by-step approach is used to study cases filed under Chapter 7, Chapter 13, and Chapter 11. This book aspires not just to teach students ‘‘about’’ bankruptcy, but also to teach them how to ‘‘do’’ bankruptcy. Broad coverage includes bankruptcy law, debt creation, secured transactions, the law of liens, and debt collection. New to the Fifth Edition: Updated to reflect significant court decisions regarding debt collection and bankruptcy including: Czyzewski v. Jevic Holding Corp. which struck down structured settlements regarding a Chapter 11 debtor that conflict with §507 priorities unless affected creditors consent Midland Funding, LLC v. Johnson, U.S. holding that filing of a time barred proof of claim does not amount to a false, deceptive, misleading, unfair, or unconscionable debt collection practice within the meaning of the Fair Debt Collection Practices Act Lamar, Archer & Cofrin, LLP, v. Appling, holding that a materially false statement in writing about a single asset can be a “statement respecting the debtor’s financial condition,” rendering debt related to the asset nondischargeable under §523(a)(2)(B) Epic Systems Corp. v. Lewis holding that private-sector non-union employers can use class action arbitration waiver provisions to bar employees from joining in a class action or collective arbitration to contest alleged wage and hour violation Updated references pertaining to the Consumer Financial Protection Bureau and the Department of Education (student loans), payday lending, and car loans Analysis of the causes of bankruptcy for those age 65 and older Demonstration bankruptcies moved to appendices for easy reference Revised case studies comply with the latest amendments to the official bankruptcy forms in effect at the time of publication including the important new Form B113, Chapter 13 Plan approved by the U.S. Judicial Conference in 2017 Professors and students will benefit from: Realistic Case Studies that add a strong skill-building component to any study of bankruptcy law Problem-Hypotheticals in which students apply concepts to realistic situations Learn-by-Doing exercises, examples, and illustrations A sequential organization of bankruptcy topics that mirrors practice Ethical Considerations that highlight relevant ethical or professional challenges presented by the topic under discussion Chapter summaries, review questions, and sample forms View from the Bench case excerpts, accompanied by Applying the Law exercises, that link doctrine to practice Engaging and informative text boxes Key Concepts at the start of each chapter Complete Case Files for both case studies—provided for students on the companion website at WKLegaledu.com/Parsons-Debt5 and referred to throughout the chapters that make up Part B To Learn More (TLM) activities for each chapter—available on the companion website—designed to challenge and enable the student to do further research on issues raised in the text or to consult additional resources for further learning

If you are living paycheck to paycheck, fighting with your spouse about money, unemployed or always stressed about how to pay your bills, this book is for you. If you do not have any peace when it comes to money, this book is for you. If you believe that you are doing everything right, but you can’t quite get where you need to be financially, this book is for you. Personal finance is as easy as ABC. Most of us get the math, but it is the emotions of personal finance that we have trouble with. And since personal finance is 90% emotion and 10% math, this may explain why you are struggling. In this book, you will find everything you need to know about every aspect of personal finances and from someone who has been there. We will cover everything from buying a house to budgeting to getting out of debt. This is not a miracle program or a magic pill. This is about a lifestyle of handling money that will give you joy, peace and freedom beyond what you could ever dream of having. Live the dream!