Bankruptcy Basics Videos
Free web videos on about filing for bankruptcy are now available on the federal court website:
- Introduction Bankruptcy is a legal process that provides relief to many individuals who can no longer pay all of their debts. Running Time: (2:38)
- Types of Bankruptcy There are three main types of bankruptcy cases for individuals, the most common of which are chapter 7 and chapter 13. Running Time: (3:55)
- Limits of Debts Some debts cannot be discharged in a bankruptcy. Running Time: (4:34)
- 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.Running Time: (2:57)
- Meeting of Creditors 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. Running Time: (1:27)
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Court Hearings In some cases, a debtor may be required to appear at hearings before a bankruptcy judge. Running Time: (6:58)
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This 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. Running Time: (1:27)
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Legal Assistance Debtors are strongly encouraged to find competent legal counsel. Running Time: (4:58)
