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FormsUnited States Bankruptcy Court

FormsUnited States Bankruptcy Court

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The following program was produced by the United States Courts. 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. Thank you for watching this video on Bankruptcy Basics This video will explain what bankruptcy is and what happens in a bankruptcy case. This information is provided to help consumers – individuals like you – understand the bankruptcy process. People who are having trouble paying their debts sometimes consider bankruptcy as a remedy for this situation. Bankruptcy is a legal process by which you can deal with your debts when you can no longer pay them. By filing bankruptcy, many individuals find that they are able to get most, if not all, bills discharged, meaning wiped out; keep most, if not all, of their property; and/or get extra time to pay bills if you have a regular income. An individual, called a debtor, usually files bankruptcy to obtain a discharge, w

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