This voice narrated slideshow presents creditors rights, Chapter 7 and Chapter 11 reorganizations. Bankruptcy is governed by federal law, under Article 1, Section 8 of the U.S. Constitution which states: "The Congress shall have Power.. To establish.. uniform Laws on the subject of Bankruptcies throughout the United States".

Video explains the different types of bankruptcy in the US.

What is bankruptcy? What happens in a bankruptcy case? Bankruptcy is a legal process that provides relief for individuals who can no longer pay all of their debts.

A brief review of the three main types of bankruptcy cases for individuals chapters 7, 11, and 13.

Certain types of debt, such as child support, alimony, and most student loans, cannot be discharged in bankruptcy. Wrongful conduct may make some debts non-dischargeable. Examples of such conduct are incurring credit card charges without the intent or ability to repay, or obtaining loans using false financial information.

How does someone file a bankruptcy case? In order to file for bankruptcy, an individual must take a credit counseling course to learn about alternatives to bankruptcy as well as accurately complete and file a number of documents.

A debtor must be honest and accurate in dealing with the court or face serious consequences, including being charged with a bankruptcy crime.

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

PDF slides for the learning material titled: "Video ~ Corporations: Insolvency".

This article explains the basics of both Chapter 7 and Chapter 13 bankruptcy.

Explains the origins of bankruptcy law in the United States.

This article provides an introduction to bankruptcy law in Canada. A person can voluntarily enter bankruptcy by relinquishing his financial being to a third-party specialist called a trustee: In Canadian bankruptcy law, such an action is called an "assignment" and is supervised by the Court. A person can also be forced into bankruptcy by a creditor and through a Court order.

An overview of bankruptcy, its types, and how can the process actually help you in various situations.

The automatic stay stops any lawsuit that is filed against you by a creditor, collection agency, government entity or other person seeking money from you.

The Bankruptcy Rules and Forms govern procedure in cases under title 11 of the United States Code.

How a startup dissolved overnight and laid off its 400 employees via email with no warning.

Chapter 1 of the book, Zero-to-IPO, by David Smith, explores the alternative routes and destinations for a startup journey. Chapter 2 presents a seven point travel plan for reaching your targeted destination. Bankruptcy and other forms of shutdown are discussed in the context of the startup journey.

Chapter 5 of the book Zero-to-IPO, by David Smith discusses "The Slippery Slope to Destination Shutdown", explaining how a cash crisis develops, how a startup venture can find itself in the freefall zone and in shutdown zone.

Story of how a startup company collapsed after raising hundreds of millions of dollars in venture capital funding. Provides an example of how not to navigate a company out of cash crisis.

Video explains Chapter 11 "Plan of Reorganization".

This video provides an introduction to Chapter 7 and Chapter 11 bankruptcy, explains the relationship between assets, liabilities (debts) and equity and the process of putting a debtor in possession in a Chapter 11 reorganization.

The chapter of the Bankruptcy Code providing for reorganization, usually involving a corporation or partnership.

Chapter 11, code 11 U.S. Code § 341 requires a meeting of the creditors within a reasonable time.

The initial bidder with whom the debtor negotiates a purchase agreement is called the "stalking horse" bidder. To encourage the first bidder to present an offer, break-up fees and other incentives are offered, subject to approval by the bankruptcy court.

Video explains Chapter 7 bankruptcy and liquidations.

Information on who qualifies for Chapter 7 bankruptcy, how debt is addressed in a Chapter 7 filing, and an overview of the rules covering this type of bankruptcy.

An overview of the early course of a typical Chapter 7 bankruptcy case.

A list of pros and cons to consider when deciding whether Chapter 7 bankruptcy is the best option.

This article outlines some of the common types of bankruptcy exemptions that may be available in a typical Chapter 7 filing.

Chapter 7 Trustees (also known as panel trustees) are not government employees. They are private citizens appointed and supervised by the Office of the U.S. Trustee (a division of the U.S. Department of Justice) to administer bankruptcy cases under chapter 7 of the U.S. Bankruptcy Code.

All asset sales by a Chapter 7 trustee are essentially an auction. The trustee has to provide notice to the creditors and gain approval from the court. A bidder cannot buy without the trustee going through the notice and auction process (inviting bids from others, but the first bidder can be a stalking horse bidder and negotiate a break-up fee.

A purchaser may not agree to purchase the assets if the purchase is not entirely “free and clear” of all liens, liabilities and encumbrances to clear title. While it is clear that Section 363(f) extinguishes all liens against the property, many courts have held that Section 363(f) also extinguishes all claims against the purchaser of the assets.

A lien is nothing more than a property interest that secures a debt. A judgment can create a lien in real estate, or if the sheriff "levies" on property, that will create a lien on that property. The most important thing to keep in mind about a lien is that it relates to a specific piece of property.

A judicial lien is a lien that arises after a judgment is entered against a defendant. Generally, a judgment automatically becomes a lien in real estate, that the defendant has in the county.

Frequently more than one lender will make a loan to someone secured by their home, their car, their business assets or their other property. Once a lender records a notice of their lien with a state or county recording office, other lenders will know of that lien's existence and decide whether or not to make a loan: The act of recording this notice with a state or county recording office is known as "Perfection". Priority of liens in a piece of property depends on the date that notice is recorded, also known as the date of perfection.

PDF slides for the learning material titled: "Video~Secured Transactions".

The decision to file for bankruptcy can be a difficult one. It's important to consider the pros and cons and make sure that bankruptcy is your best option.

This video outlines the differences of chapter 7 bankruptcy and chapter 13 bankruptcy, and provides information as to which option will be the best choice for you based on your financial situation.

In financially difficult times, as a homeowner, you may find yourself in the uncomfortable position of owing money you can't afford to pay, leading a creditor to obtain a judgment lien on your home. A lien can impact your ability to sell your home, leaving you to wonder if a judgment lien can be removed in bankruptcy.

A list of advantages and disadvantages to consider before declaring bankruptcy.

A list of factors that should be taken into account when one is considering filing for bankruptcy.

A comparison of Chapter 7 and Chapter 13 bankruptcy.

The foreclosure process takes time. Most creditors do not begin foreclosing until the homeowner is two to three months behind on their mortgage payments. This gives the homeowner some time to consider alternatives to foreclosure, such as a loan forbearance, short sale, or deed in lieu of foreclosure. Should all of these alternatives fail, bankruptcy may help in several different ways.

Information regarding some of the most commonly asked bankruptcy questions.

Bankruptcy provides people in financial trouble an important option for getting their life back together, but there are limits to how often a person can use this protection.

In many cases, a debtor is still liable for tax debt after bankruptcy. However, bankruptcy law allows the discharge of tax debt only in some circumstances.