Bankruptcy Basics Video Series
 

The Federal Judicial Center has released a 30 minute video series which provides an overview of the different types of bankruptcy and related filing procedures. The program is divided into eight short segments for desktop viewing at convenient intervals.
 

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

Part 1

Introduction
 
play video (2:38)
There are three main types of bankruptcy cases for individuals, the most common of which are chapter 7 and chapter 13.
Part 2 Types of
 Bankruptcy
play video (3:55)
Some debts cannot be discharged in a bankruptcy.
Part 3 Limits of
 Bankruptcy
play video (4:34)
In order to file for bankruptcy, an individual must take a credit counseling course and accurately complete and file a number of documents.
Part 4 Filing for
 Bankruptcy
play video (2:57)
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 5 Creditors'
Meeting
play video (1:27)
In some cases, a debtor may be required to appear at hearings before a bankruptcy judge.
Part 6 Court
Hearings
play video (6:58)
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 7 The Discharge
 
play video (1:27)
Debtors are strongly encouraged to find competent legal counsel.  Even if you cannot afford to pay an attorney, you may be able to qualify for free or discounted legal services.
Part 8 Legal
Assistance
play video (4:58)
 

This page was last edited on 11/21/2014 at 09:54 AM .