273980 30 Business & Finance true Wed, 04 Nov 2009 14:58:49 -0800 declaring, bankruptcy, filing, announcing, broke, no, money, poor, finance, bank, loan, legal, petition, credit How To Declare Bankruptcy http://www.howcast.com/videos/273980-How-To-Declare-Bankruptcy http://www.howcast.com/videos/273980-How-To-Declare-Bankruptcy/edit approved 0 Rosemarie_Lennon http://img.howcast.com/images/icons/howto-xxlarge.png 4 102938 1 0 Step Understand what it means Understand bankruptcy, which shelters you from having to repay certain debts. It does not mean all is forgiven. You remain responsible for student loans, alimony and child-support payments, overdue taxes, money awarded your spouse in a divorce, and judgments for assault or drunk driving.

]]> 102939 2 0 Tip Filing for bankruptcy does not puts eviction proceedings, child-support lawsuits, and divorce filings on hold.

]]> 102940 3 0 Step Determine eligibility Figure out if you’re even eligible to declare bankruptcy. If you have a steady income above your state’s median, and if it is conceivable that you could afford to pay $100 a month toward your debt if you cut out extras like cable TV, you can’t file for Chapter 7 bankruptcy – the one that wipes out many of your debts.

]]> 102941 4 0 Step Consider Chapter 13 bankruptcy Consider whether you might be a good candidate for Chapter 13 bankruptcy, which reorganizes your finances into a three- or five-year plan of partial repayment. The advantage to Chapter 13 is that you may be able to hang on to your home.

]]> 102942 5 0 Tip Chapter 11 bankruptcy involves complex financial restructuring and is mainly used by businesses or people with significant assets and debts.

]]> 102943 6 0 Step Stop spending on nonessentials Stop all unnecessary spending. While it may be tempting to max out your credit cards with luxury items and cash advances right before filing for bankruptcy, this is considered fraud, and you’ll be held responsible for it.

]]> 102944 7 0 Step Get credit counseling Meet with a government-approved credit counselor about working out a way to repay your debts. This is mandatory before you are allowed to file for bankruptcy, and it must be done in the six months prior to filing. Get a list of accepted agencies from your local bankruptcy court, which you can find on usdoj.gov.

]]> 102945 8 0 Step File a petition File a petition with the U.S. Bankruptcy Court. You’ll need to submit a case-filing fee, a detailed list of your assets and debts, a copy of your most recent tax return, a statement of your income and expenses, and other documents. You can do this on your own, but it’s not advised. Ask a legal aid office if you qualify for free representation.

]]> 102946 9 0 Step Face your creditors Within 60 days of filing, you will be required to face your creditors at a court meeting and answer questions about your financial affairs.

]]> 102947 10 0 Step Kiss your assets goodbye If your petition for Chapter 7 bankruptcy is accepted, a U.S. trustee (or bankruptcy administrator, if you live in North Carolina or Alabama) will begin liquidating your assets in order to pay back your creditors. You may keep any tools that help you earn a living.

]]> 102948 11 0 Tip You may keep your car if you can work out a separate repayment plan for it.

]]> 102949 12 0 Step Attend money management classes Enroll in a government-approved financial management education program. This mandatory course, which you must pay for, must be completed before any of your debts are erased.

]]> 102950 13 0 Step Get your fresh start Expect to have your debts discharged about three months after your filing date.

]]> 102951 14 0 Fact Did you know? Mark Twain, Harry Truman, and Walt Disney all went through bankruptcy.

]]> 35 218066 How To Buy Renters Insurance AssignmentGuide 481 Thu, 24 Sep 2009 09:02:52 -0700 2 Armando79 ]]> 109 http://media.howcast.com/system/videos/3/85/02/24/240285.flv business, finance, insurance, home, house, protecting, insuring, buying, purchasing, renting Business & Finance Insurance Home Insurance 1 http://img.howcast.com/system/thumbnails/218066/Picture_3_xxlarge_maintained_aspect.png http://www.howcast.com/videos/218066-How-To-Buy-Renters-Insurance 38 92109 How To Effectively Communicate With Your Boss AssignmentGuide 2795 Fri, 05 Dec 2008 09:30:44 -0800 9 BatSquid_Studios ]]> 110 http://media.howcast.com/system/videos/3/09/21/09/92109.flv DIY, Instructional, tutorial, Do It Yourself, Tips, Essential Skills, Learn to, business, managment, manage Business & Finance Management & Business Skills Business Communication 0 http://img.howcast.com/system/thumbnails/92109/Picture_12_xxlarge_maintained_aspect.png 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employee, staff, finding, find, post, ad, review, reviewing, resumes, resume, person, Business & Finance Management & Business Skills Hiring & Firing 0 http://img.howcast.com/system/thumbnails/217101/Hiresomeone_xxlarge_maintained_aspect.png http://www.howcast.com/videos/217101-How-To-Hire-Someone 40 217102 How Not To Fire Somebody AssignmentGuide 1183 Thu, 10 Sep 2009 15:32:23 -0700 3 sirrance ]]> 100 http://media.howcast.com/system/videos/0/26/81/23/238126.flv DIY, Instructional, tutorial, Do It Yourself, Tips, Essential Skills, Learn to, business, work, workplace, job, company, management, skills, firing, fire, someone, employee, staff, lay, laying, off Business & Finance Management & Business Skills Hiring & Firing 7 http://img.howcast.com/system/thumbnails/217102/Picture_3_xxlarge_maintained_aspect.png http://www.howcast.com/videos/217102-How-Not-To-Fire-Somebody 42 114326 How To Micromanage Like a Real Ass**** AssignmentGuide 2579 Tue, 06 Jan 2009 10:02:58 -0800 14 pancakes81 ]]> 130 http://media.howcast.com/system/videos/2/26/43/11/114326.flv DIY, Instructional, tutorial, Do It Yourself, Tips, Essential Skills, Learn to, business, work, workplace Business & Finance Management & Business Skills Managing Employees 2 http://img.howcast.com/system/thumbnails/114326/Picture_3_xxlarge_maintained_aspect.png http://www.howcast.com/videos/114326-How-To-Micromanage-Like-a-Real-Ass 42 204102 How To Write a Letter Of Reference AssignmentGuide 501 Wed, 15 Jul 2009 10:33:02 -0700 5 downpourpro ]]> 94 http://media.howcast.com/system/videos/3/02/41/20/204102.flv reference, letter, write, learn, business, business skills, managing, employees, employee Business & Finance Management & Business Skills Managing Employees 1 http://img.howcast.com/system/thumbnails/204102/Picture_3_xxlarge_maintained_aspect.png http://www.howcast.com/videos/204102-How-To-Write-a-Letter-Of-Reference 44 217966 How To Give an Effective Business Presentation AssignmentGuide 591 Fri, 23 Oct 2009 08:32:16 -0700 4 BarefootMedia ]]> 114 http://media.howcast.com/system/videos/5/94/82/26/268294.flv business, corporate, spreadsheets, kinko's, wall street, meetings, conference calls Business & Finance Management & Business Skills Presentations 1 http://img.howcast.com/system/thumbnails/217966/biz_preso_1_xxlarge_maintained_aspect.png http://www.howcast.com/videos/217966-How-To-Give-an-Effective-Business-Presentation 46 2727 How To Stop Procrastinating AssignmentGuide 17381 Mon, 19 May 2008 23:00:38 -0700 31 speakeasy ]]> 105 http://media.howcast.com/system/videos/4/27/27/2727.flv procrastinating, lazy, stop Business & Finance Management & Business Skills Time Management 4 http://img.howcast.com/system/thumbnails/2727/How_to_stop_procrastinating_frame_xxlarge_maintained_aspect.jpg http://www.howcast.com/videos/2727-How-To-Stop-Procrastinating 47 210468 How To Balance Your Checkbook AssignmentGuide 540 Mon, 27 Jul 2009 13:47:21 -0700 4 downpourpro ]]> 110 http://media.howcast.com/system/videos/6/68/04/21/210468.flv balance, checkbook, finances, loans, budget, economics, accounts, bank, household, Assets Business & Finance Personal Finance 0 http://img.howcast.com/system/thumbnails/210468/Picture_3_xxlarge_maintained_aspect.png http://www.howcast.com/videos/210468-How-To-Balance-Your-Checkbook 48 125631 How To Strengthen Your Credit Score AssignmentGuide 1929 Mon, 09 Feb 2009 15:20:36 -0800 3 dpakman91 ]]> 138 http://media.howcast.com/system/videos/2/31/56/12/125631.flv DIY, Instructional, tutorial, Do It Yourself, Tips, Essential Skills, Learn to, business, money, spend Business & Finance Personal Finance General Personal Finance 0 http://img.howcast.com/system/thumbnails/125631/Picture_9_xxlarge_maintained_aspect.png http://www.howcast.com/videos/125631-How-To-Strengthen-Your-Credit-Score