Part 1 – Bankruptcy Basics

Running Time: (2:38)


Bankruptcy is a legal process that provides relief to many individuals who can no longer pay all of their debts.
 

Part 2 – Types of Bankruptcy

Running Time: (3:55)


There are three main types of bankruptcy cases for individuals, the most common of which are chapter 7 and chapter 13.
 

Part 3 – Limits of Bankruptcy

Running Time: (4:34)


Some debts cannot be discharged in a bankruptcy.
 

Part 4 – Filing for Bankruptcy

Running Time: (2:57)


In order to file for bankruptcy, an individual must take a credit counseling course and accurately complete and file a number of documents.
 

Part 5 – Creditors’ Meeting (341 Meeting)

Running Time: (1:27)


Every debtor is required to appear at a creditors’ meeting conducted by a trustee who asks the debtor questions about the debtor’s financial condition and gives creditors the opportunity to do the same.
 

Part 6 – Court Hearings

Running Time: (6:58)


In some cases, a debtor may be required to appear at hearings before a bankruptcy judge.
 

Part 7 – The Discharge

Running Time: (1:27)


Debtors are usually able to discharge most or all of their debts. Once a debt is discharged, a creditor may not attempt to collect it from the debtor.
 

Part 8 – Legal Assistance

Running Time: (4:58)


Debtors are strongly encouraged to find competent legal counsel.