1. Consequence of Bankruptcy

2. Major Causes of Bankruptcy  Job Loss  Emotional Spending  Failure to Budget and Plan  Catastrophic Injury or Illness

3. Advantages of Bankruptcy  Offers a fresh start  Start over with exempted items.  Unaffected income include:  social security, veterans' benefits, unemployment compensaton, alimony, child support, disability payments, and payments from pension, profit-sharing, and annuity plans.  Cost benefits outweigh negatives

4. Disadvantages of Bankruptcy  Judgements stay with you for 10 years.  Exempt items might be fair target for liquidation.  Examples of debts not discharged include:  child support, income taxes and penalties that are less than 3 years old, student loans.  Reaffirmed debts would not provide a fresh start.  Damage to personal relationships as co- signers are saddled with your debts.

5. Solving Credit Problems  The 20/10 Rule  Credit Counseling  Debt Adjustment  Credit Repair  Credit Scams

6. Alternatives to Bankruptcy  What do you think?

7. Bankruptcy  Bankruptcy Laws and Their Purpose  Types of Bankruptcy  Legal Advice  Reaffirmation of Debts

8. Improve credit score after bankruptcy  Re-establishing positive credit history  Required Steps to re- establishing positive credit history