Videos

These videos have been prepared by the US government to teach the basics of the bankruptcy process.

             Click the picture to watch the corresponding video, or click HERE to visit their site.

Part 1 (2:38)

Introduction

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

Part 2 (3:55)

Types of Bankruptcy

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

Part 3 (4:34)

Limits of Bankruptcy

Some debts cannot be discharged in a bankruptcy.

Part 4 (2:57)

Filing for Bankruptcy

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 (1:27)

Creditors' Meeting

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 (3:12)

Bankruptcy Crime

A debtor must be honest and accurate in dealing with the court or face serious consequences, including being charged with a bankruptcy crime.

Part 7 (3:42)

Court Hearings

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

Part 8 (1:27)

The Discharge

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 9 (4:58)

Legal Assistance

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.