Bankruptcy can be a stepping stone to firmer financial footing, but do not let it trip you. Before you file bankruptcy, you may want to seek credit counseling and / or legal advice…and you may want to find out more by watching an online video presented by the US Courts. Get your popcorn! The US Courts website http://www.uscourts.gov/video/bankruptcybasics/bankruptcyBasics.html offers nine short videos on bankruptcy basics. Topics include: “Introduction,” “Types of Bankruptcy,” “Limits of Bankruptcy,” “Filing for Bankruptcy,” “Creditors’ Meeting,” “Bankruptcy Crime,” “Court Hearings,” “The Discharge,” and “Legal Assistance.” Each video is less than 5 minutes and geared toward the general public. While these videos provide background information, seek competent legal and / or credit counseling to help you decide if bankruptcy is right for you.
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