Avoid a Foreclosure and Stave Off Bankruptcy with Help from 'Managing Debt For Dummies®'

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In 'Managing Debt For Dummies' (Wiley; 292 pages), nationally-known bankruptcy and consumer law attorney John Ventura and personal finance writer Mary Reed provide practical, hands-on information and advice for getting readers' financial lives back on track.

Last year, consumer bankruptcies increased by 40% and they continue to increase this year. It's projected that 2.8 million families will lose their homes in foreclosures in 2008. For the millions of Americans struggling to keep up with their financial obligations, hold on to their homes and cars, and avoid bankruptcy, For Dummies is here to offer simple, straightforward help.

In Managing Debt For Dummies (Wiley; 292 pages), nationally-known bankruptcy and consumer law attorney John Ventura and personal finance writer Mary Reed provide practical, hands-on information and advice for getting readers' financial lives back on track. For more information on the book, go to: http://www.dummies.com/WileyCDA/DummiesTitle/Managing-Debt-For-Dummies.productCd-0470084863.html.

With Managing Debt For Dummies, discover how to:

  • Negotiate more affordable debt payments with creditors
  • Consolidate debts the smart way
  • Handle tough situations with debt collectors
  • Avoid home foreclosure and vehicle repossession
  • Handle child support obligations when struggling with payments
  • Deal with the IRS in regards to tax debt
  • Get through bankruptcy

This no-nonsense guide offers readers advice on what to do when they fall behind on rent, utilities, student loans, and medical debt. It provides direction on how to find a reputable credit counseling agency, know which kinds of loans to avoid, and determine which debts to pay--and which not to pay (crucial information since, too often, consumers who can't make ends meet pay the wrong creditors!). Managing Debt For Dummies also fills readers in on the credit rebuilding process and offers solid advice for avoiding money troubles in the future.

Like all For Dummies® books, Managing Debt For Dummies concludes with "Part of Tens," including 'Ten Great Resources for Dealing with Debt' like Bankrate.com, Credit.com and Suze Orman; and 'Ten Debt Don'ts,' like asking a friend or relative to cosign a loan, borrowing against a home, and paying creditors just because they're aggressive. The handy "Cheat Sheet" provides a checklist to prepare to meet with a credit counselor, a list of what to do (and not to do) when a debt collector calls, and resources for finding a reputable credit counseling agency.

About the authors
John Ventura is a best-selling author and a nationally board-certified bankruptcy attorney. He is an adjunct professor at the University of Houston Law School and director of the Texas Consumer Complaint Center at the Law School, where he supervises law students as they help consumers with their legal problems. He is also a regular speaker at law conferences around the country and serves on the Bankruptcy Council for the Texas Bar Association.

Mary Reed is a personal finance writer who has co-authored or ghostwritten numerous books on topics related to consumer money matters and legal rights. Mary is also the owner of Mary Reed Public Relations (MR•PR), an Austin, TX-based firm that provides public relations services to a wide variety of clients, including authors, publishers, attorneys, financial planners, healthcare professionals, retailers, hotels, restaurants, and nonprofits.

By John Ventura and Mary Reed
ISBN: 978-0-470-08486-1; 292 pages
February 2007

For more plain English advice, check out:
Personal Finance For Dummies, 5th Edition 978-0-470-03832-2
Credit Repair Kit For Dummies 978-0-7645-9908-8

To see other For Dummies titles, go to http://www.dummies.com

For Dummies®
With near universal name recognition, more than 150 million books in print, and over 1,000 topics, For Dummies is the world's bestselling reference series. With loyal customers around the globe, For Dummies enriches people's lives by making knowledge accessible in a fun and easy way. Described by the N.Y. Times as "more than a publishing phenomenon, but a sign of the times," For Dummies span every section of the bookstore, covering everything from health to history, music to math, sports to self-help, technology to travel, and more. The Dummies brand has expanded into new products and categories with an extensive licensed product line, including fitness and hobby DVDs, grilling kits, business software, cleaning products, automotive kits, craft kits, and apparel. For more information, visit Dummies.com. For Dummies is a branded imprint of Wiley.


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