Bankruptcy Basics
This presentation provides general information about the bankruptcy process. This is a clear explanation as to what bankruptcy is, how it works and benefits individual filers and covers the two most common chapters filed by individuals. Due to continuous law changes the information contained on this video cast may be out of date.
Types of Bankruptcy
There are two main chapters in the US Federal Bankruptcy court that cover individual filers, they are chapter 7 and chapter 13. This presentation shows the most important differences between them and what it takes to qualify.
Limits of Bankruptcy
There are limits to what bankruptcy can do to protect filers. Not every debt can be discharged under chapter 7. This presentation shows the types of debts and other limitations of bankruptcy protection.
Filing for Bankruptcy
Before filing your bankruptcy case, there are certain requirements and preparations that filers must abide by, such as credit counseling. This presentation explains what it takes to get your bankruptcy case started the right way.
The Creditors Meetings
The meeting of creditors, also known as the 341 Meeting, is a court hearing during which time the bankruptcy trustee analyzes the bankruptcy petition and gives your creditors an opportunity to dispute discharging your debts or renegotiating your current terms.
Court Hearings
Bankruptcy filers must be very accurate and honest about what they report in their bankruptcy petitions as these proceedings are sworn under penalty of perjury. This presentation explains the court hearings procedures and what is required of the filer particularly when filing alone.
Filing Alone vs Hiring a Bankruptcy Lawyer
Many consumers do file alone and are able to succeed, however it's important that filers understand what is required and follow procedures properly to avoid being denied or making costly mistakes. This presentation explains these situations in detail.
Filing alone is risky, get a Free Bankruptcy Evaluation today and get your bankruptcy petition started the right way. There's no obligation to file with an attorney, your evaluation is absolutely free.
More Bankruptcy Resources
- US Courts Courthouses - Find a US Court house near you.
- US Courts Bankruptcy Forms - Get every form you need to file bankruptcy alone here. The process of gathering forms and filling them out correctly is extensive but this site provides you with all the resources you need to get started.
- FTC Facts for Consumers - Before you file for bankruptcy get educated about credit counseling and debtor education. Learn about the limited exemptions and new requirements for filing bankruptcy and qualifying for chapter 7.
- Additional information on Bankruptcy Basics from US Courts - Everything you need to know including law changes and updated information on qualifying for chapter 7 and chapter 13 is explained here in detail.
