Bankruptcy 101-An Introduction To Consumer Bankruptcy

Bankruptcy 101-What To Expect If You Decide To File For Bankruptcy

These are a series of nine introductory bankruptcy videos produced by the US Bankruptcy court. You should watch these videos before you go to your first bankruptcy consultation.

 Video 1-An Introduction To Bankruptcy

As the name implies, this is a basic introduction to US bankruptcy law.

Video 2-Different Types of Bankruptcies

The vast majority of consumers file either file a chapter 7 or a chapter 13 bankruptcy. A chapter 7 and 13 both have their advantages and disadvantages, and this video gives you an overview of what bankruptcy chapter you may want to file.  

Video 3- Bankruptcies Limitations

Bankruptcy can give you a “Fresh Start”.  However, bankruptcy has certain limitations and is not a good fit for every debtor.  This video is an excellent intro to bankruptcies’ limitations. 

Video 4-Filing For bankruptcy

This video is a brief introduction to bankruptcy requirements. For example,  all bankruptcy filers are required to take two credit counseling courses.  The first class will help you decide if bankruptcy is the right choice, and the second class is financial management, which will help you stay out of financial trouble in the future.

Video 5-Meeting of Creditors or 341 Meeting

A 341 meeting will likely be your only trip to the bankruptcy court. So, this video will give you an overview of what to expect when you attend this meeting.  

Video 6- Bankruptcy Crimes

 Bankruptcy Crimes-Bankruptcy fraud is a serious federal crime. This video explains the various infractions that could make invalidate your discharge or even send you to jail. 

Video 7-Bankruptcy Court Hearing 

You’ll likely not go in front of a Judge when filing bankruptcy. But, if you do, this is a helpful video. 

Video 8- The Bankruptcy Discharge

 This video describes the bankruptcy discharge, which can eliminate most or all of your debts.  

 

Video 9-Why You Need A Lawyer

But, bankruptcy law is quite complicated. This video describes the various ways pro se (people filing without a lawyer) can potentially get themselves in trouble and possibly be in worse shape than they were before filing.