Customer Reviews

The Bankruptcy Solution: How to Eliminate Debt and Rebuild Your Life

5 star:		(6)
4 star:		(2)
3 star:		(0)
2 star:		(0)
1 star:		(0)

 

 

If you or anyone you know is considering filing for bankruptcy, "The Bankruptcy Solution" is a must read! It stands out from the few others I have purchased/read because it answers almost every question one may have regarding Chapters 7 and 13. Also, Ms. Palms addresses bankruptcy matters with a no-nonsense, dignfied attitude. Other books make the reader feel shameful about bankruptcy issues, whereas "The Bankruptcy Solution" gives one hope for life after a BK. After reading this page-turner, you will hold your head high. My only regret is that Ms. Palms is unable to represent me(I live across the country from where she practices)!

There are three great books on the market today and I say don't shop around any more. The two best bankruptcy books on the market have been written by women. I purchased Peggy Palm's book first and found it very informative and insightful. I'm attempting to the stop foreclosure of my home. I then purchased Tiffany Love's book, surviving financial disasters, to get the bankruptcy forms on CD Rom and then learned that she too filed for bankruptcy and included her legal pleadings. If you want to stop foreclosure, get Ms. Love's book for sure as it is "hands on", but I find myself frequently referring back to the information in Peggy's to gain an additional perceptive. Money Troubles is another great book that provides wonderful information and exceeds the scope of Peggy's book, because it covers everything inside and out of bankruptcy, like Tiffany's book. Which some people I think may find too technical, but if you're doing battle like I am with creditors the information is right on target. All three will cost you less than $100 far less than an attorney's consultation fee. My verdict: Peggy's book for the legal advice, Tiffany's book for insight and roadmap, Money Trouble for everything else even after bankruptcy. The others are crap!

I strongly recommend this book to any reader considering bankruptcy or wishing to learn more on the topic. The author has a sincere understanding of the debtor's experience. She explains the process in an easy-to-read fashion without leaving out any details. I look forward to more books by Peggy Palms!

Sunday I purchased six books on Bankruptcy, read this one first and didn't bother reading the others. It was so real, truthful, and as we say in the Caribbean, down to earth, connotating a Holistic coverage. This book will help me as I work to fight for bankrutpcy reform in my country. I recommend it anyone facing financial problems or wanting to know more about bankruptcy from the perspective of an experienced, practicing attorney who seems to care about people in trouble.

This book is for anyone contemplating bankruptcy. Peggy Palms does an excellent job of describing, to the debtor, the ins and outs of filing bankruptcy. This is the first book of its kind that helps debtors (not creditors) understand the bankruptcy process without feeling ashamed or embarrassed. I would recommend this book to ANYONE experiencing financial problems. It releived a tremendous amount of stress from my life and gave me hope. Peggy Palms is wonderful.

My husband and I had already filed for bankruptcy when I came across this book, so a lot of the advice given about contemplating bankruptcy didn't apply to us. However, her explanation of the bankruptcy process really helped us understand what we were getting into (and out of). I would definitely recommend this book to a reader who doesn't know what to do with their financial situation.

A very straightforward, no nonsense and yet compassionate view of the problem. Gives a good deal of excellent advice, but sorely needs to be updated by the author to take into account the new law. Perhaps she is too busy in court.

Palm's book is a straightforward, nuts-and-bolts overview of exactly what to expect from the bankruptcy process, whether Ch 7 or Ch 13. It clearly compares the two approaches so that one can decide which, (if either) to select. I appreciate the use of laymans' language by a qualified attorney who avoids sounding condescending. She also evinces some compassion for debtors who find themselves overwhelmed with either secured or unsecured debt obligations.

On a related note, I also recommend the true story of ordinary, middle-class debtors who avoided bankruptcy altogether and INSTEAD defeated the collections attorney in District Court, WITHOUT HIRING AN ATTORNEY:

DEFAULT !!! Escaping the Debt Trap and Avoiding Bankruptcy

Being a lawyer herself, Ms Palm obviously would not advocate that a citizen defend THEMSELVES without an attorney and avoid bankruptcy altogether... but we CAN, and after reading Ms Guedel's book, I HAVE.

I also wonder if Palm's book does need updating after the Congressional changes to the bankruptcy process which are more recent than the publication of her book.

I have heard that bankruptcy is now a much more punishing process than it used to be... but that is a moot point, since I am happy to have avoided it altogether and defeated debt collection instead.

Either way, my credit report will show unfavorable information for 7 years, whether it be bankruptcy OR default. Frankly, I did my family a favor by choosing to default and successfully defend myself without an attorney. Guedel's book describes that process to a "T".

These two books are both well written and packed with specific detail and legal pleadings rather than the empty platitudes offered by some other authors who have published books on this subject. Reading them both will give people a complete description of both sides of the bankruptcy coin.