Below You will find a series of education videos explaining Chapter 7 Bankruptcy and Chapter 13 Bankruptcy. These videos review:

● Bankruptcy Basics

● Types of Bankruptcy

● Filing for Bankruptcy

● Creditors’ 341 Meeting

● The Discharge

Bankruptcy Basics

What is bankruptcy? What happens in a bankruptcy case? Bankruptcy is a legal process that provides relief for individuals who can no longer pay all of their debts. If you are considering bankruptcy, this video will give you basic information about the process, the relief it offers, and how to find the legal help you may need.

Types of Bankruptcy

A brief review of the three main types of bankruptcy cases for individuals — chapters 7, 11, and 13. The most common types of bankruptcy are chapter 7, which are liquidating bankruptcy, and chapter 13 cases, often used by individuals who want to catch up on past due mortgage or car loan payments and keep their assets.

Filing for Bankruptcy

How does someone file a bankruptcy case? In order to file for bankruptcy, an individual must take a credit counseling course — to learn about alternatives to bankruptcy — as well as accurately complete and file a number of documents.

Creditors’ 341 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.

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.

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