Bankruptcy is a tool that can help give a person or a business a fresh chance. It can be used to provide some "breathing room" for a person or business to get financial matters in order and continue to operate a business or personal life without complete devastation.

Please take a look at the video that I have selected for you by clicking on the link below. After you have completed your viewing make short summary on what you learned about bankruptcy that you were not aware of before you saw the video. Look for distinctions between personal and business bankruptcy, reorganization and discharge, and eligibility requirements for Chapter 7 and Chapter 13 bankruptcy filing.

https://www.youtube.com/watch?v=UO7OQRnRYvE

https://www.youtube.com/watch?v=UO7OQRnRYvE