Bankruptcy cover

DIY Bankruptcy

Bankruptcy: Do it Yourself
Kosel
1980

Submitter: When I pulled this sad book off the shelf and read the title – I thought “Bankruptcy : do it yourself? Honey, us Millennials have been doing that for years…” This book comes with a disclaimer that it will be old, out of date, and should no longer be consulted at some point. Bankruptcy laws change frequently enough that this book is well past its shelf life.

Holly: It has that “typed on a typewriter in 1980” font, too. And look! A form copyrighted 1979. That oughta hold up in court.

saving your business

Saving your business

Saving Your Business
How to Survive Chapter 11 Bankruptcy and Successfully Reorganize Your Company
Caplan
1992

I really have an issue with business materials this old in a public library collection. This particular book is closing in on 30 years. Even if the process hasn’t changed much, that attorney billing rate in the second picture below is almost cute. There have been changes to bankruptcy laws since 1992. Notably, the Bankruptcy Act of 1994 and the Bankruptcy Abuse Prevention and Consumer protection act (BAPCPA) of 2005. It truly is important to consider the impact of out of date information. Choosing to file bankruptcy is complex. Chapter 11 might not be the best answer for some kinds of businesses.

Weed. Like yesterday.

Mary