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Bankruptcy: 3 Things

Introductory video for the Bankruptcy section of Nolo’s website: www.nolo.com If you are new to this area of the law, there are three main things you need to know; this video discusses them. 1) Bankruptcy is great for getting rid of debts, but it won’t cancel all debts, including child and spousal support debts, student loans and tax debts that were due within the previous three years 2) The two main forms of personal bankruptcy are Chapter 7 and Chapter 13 3) When you file for bankruptcy you get an automatic stay, which blocks any lawsuit filed against you by a creditor, collection agency or government entity Visit the bankruptcy section on nolo.com for helpful books, software, forms, blogs and lots of free information. Nolo’s consumer-friendly lawyer directory (www.nolo.com can also help you find a bankruptcy attorney near you.