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Understanding Bankruptcy

Understanding Bankruptcy

Chapter 7 and Chapter 13 Information

Discharge

Other Informational Resources



Understanding Bankruptcy

Bankruptcy Basics - Part 1: Introduction

Bankruptcy is a set of federal laws and rules that can help individuals who owe more debt than they can pay. Bankruptcy laws help people who can no longer pay their creditors get a fresh start by liquidating their assets to pay their debts or by creating a repayment plan.


Chapter 7 and Chapter 13 Information

Bankruptcy procedures are covered under Title 11 of the United States Code (the Bankruptcy Code). Most individual cases are filed under Chapter 7 and Chapter 13 of the Bankruptcy Code.
- Chapter 7 Information
- Chapter 13 Information


Discharge

Individuals who successfully complete their bankruptcy case may be (and usually are) entitled to permanent relief from their debts. The Bankruptcy Discharge

Bankruptcy Basics - Part 3: Limits of Bankruptcy

Bankruptcy Basics - Part 8: The Discharge

Other Informational Resources

Don’t Have An Attorney Section of the Court’s Website
Bankruptcy Basics Information: Detailed explanations and information about bankruptcy law and procedure.
Bankruptcy Basics Video Series: Information on numerous aspects of the bankruptcy process.
Glossary of Bankruptcy Terminology: Bankruptcy uses many technical and legal terms which are important to understand.