The title says it all: this is a straight foward summary of personal and corporate insolvency law and the processes involved. What I like about the book is its style of writing - it's an easy read, written in plain English, written for the layman with little or no knowledge of the subject but who wants to get a grasp of the basics. But this is not a book for students or for the experienced insolvency practitioner.
What I do not like about this book is:
1) It does not go into all of the options that you may have for dealing with your problems - there are some major omissions;
2) Although written in 2010, it fails to draw out some of the practical things happening on the ground at the moment or some of the 'givens' in certain insolvency processes. It is particularly weak as regards IVAs where it fails to mention all the major drawbacks. The failure to cover third party ('bank of Mom and Dad') settlements at a time when the banks are more receptive than ever of such offers is a bad omission.
3) The sections on corporate insolvency are far too short, too simplistic and cover stuff that is often irrelevant for the reader. Indeed much of the corporate insolvency section appears to be a mere filler.
4) The ability of insolvency practitioners to upturn antecedent transactions is skimmed over.
5) There is no section pulling it all together, comparing the main features and potential outcomes, prompting the reader to identify the key questions they need to ask themselves. While the book deals with some of the 'hows', it fails to draw out the 'whys'.
In summary, although well written, this book will only enable the reader to walk into the office of an experiencd insolvency expert, with his/her learning curve not so steep as it would otherwise be.