Bankruptcy Basics Video Series

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

The Bankruptcy Basics video series provides basic information to debtors, creditors, court personnel, the media, and the general public on different aspects of the federal bankruptcy laws. It also provides individuals who may be considering bankruptcy with a basic explanation of the different chapters under which a bankruptcy case may be filed and answers some of the most commonly asked questions about the bankruptcy process.

Part 1 Introduction (2:38)

[youtube]http://www.youtube.com/watch?v=KU5UDYBAFSQ[/youtube]

Part 2 Types of Bankruptcy (3:55)

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

[youtube]http://www.youtube.com/watch?v=nul-1vUmvRk[/youtube]

Part 3 Limits of Bankruptcy (4:33)

Some debts cannot be discharged in a bankruptcy.

[youtube]http://www.youtube.com/watch?v=2DBasuUx8dw” href=”http://www.youtube.com/watch?v=2DBasuUx8dw[/youtube]

Part 4 Filing for Bankruptcy (2:57)

In order to file for bankruptcy, an individual must take a credit counseling course and accurately complete and file a number of documents.

[youtube]http://www.youtube.com/watch?v=YTFHn-390yI[/youtube]

Part 5 Creditors’ Meeting (1:27)

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.

[youtube]http://www.youtube.com/watch?v=aZMheFiX7Zc[/youtube]

Part 6 Court Hearings (6:58)

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

[youtube]http://www.youtube.com/watch?v=S6bDk-rgvNk[/youtube]

Part 7 The Discharge (1:26)

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.

[youtube]http://www.youtube.com/watch?v=ULSBIz4Z5OE[/youtube]

Part 8 Legal Assistance (4:57)

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.

[youtube]http://www.youtube.com/watch?v=T6HFz_l-6PA[/youtube]

Public domain videos from the Administrative Office of the U.S. Courts on behalf of the U.S. Courts