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Friday, March 19, 2010

Bankruptcy Basics Videos


.S. Courts Bankruptcy Basics Videos

Bankruptcy Basics

Introduction   Part 1 click to play video
(2:38 Duration)

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

Types of Bankruptcy   Part 2 click to play video 
(3:55 Duration)

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

Limits of Bankruptcy   Part 3 click to play video    (4:34 Duration) 
Some debts cannot be discharged in a bankruptcy. 

Filing for Bankruptcy   Part 4 click to play video 
(2:57 Duration) 
In order to file for bankruptcy, an individual must take a credit counseling course and accurately complete and file a number of documents.  

Creditors' Meeting   Part 5 click to play video 
(1:27 Duration)

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.  

Bankruptcy Crime   Part 6 click to play video(3:12 Duration) 
A debtor must be honest and accurate in dealing with the court or face serious consequences, including being charged with a bankruptcy crime.

Court Hearings   Part 7 click to play video 
(3:42 Duration)
In some cases, a debtor may be required to appear at hearings before a bankruptcy judge.

The Discharge    
Part 8 click to play video 

(1:27 Duration)

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.

Legal Assistance   
Part 9 click to play video    
(4:58 Duration)

Debtors are strongly encourage to find competent legal counsel.  Even if you cannot afford to pay an attorney, you may qualify for free or discounted legal services. 

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