1) Budgeting for expenses

a) Housing
b) Food
c) Insurance
d) Transportation
e) Education
f) Clothing
g) Medical
h) Child care
i) Entertainment

2) WARNING SIGNS OF BANKRUPTCY

a) Frequent calls from bill collectors
b) Inability to pay bills
c) Liens filed on your property
d) Garnishment taken on your wages
e) Foreclosure begins on your home

3) BANKRUPTCY ALTERNATIVES

a) Asking creditors for time
b) Seeking credit counseling
c) Obtaining loan to pay bills
d) Seeking bankruptcy liquidation (Chapter 7)
e) Obtaining bankruptcy repayment plan (Chapter 13)

4) BENEFITS OF BANKRUPTCY PROCEEDINGS

a) Creditors may not phone you
b) Garnishment stops
c) Repossessions stop
d) Interest charges stop

5) DEBTS THAT MAY NOT BE DISCHARGEABLE

a) Alimony
b) Child support
c) Educational loans
d) Secured loans
e) Income taxes
f) Bills for luxury items
g) Debts arising from drunken driving, willful and malicious injury or fraud

6) PARTLY PROTECTED PROPERTY

a) Primary residence
b) Automobiles
c) Household goods
d) Bank accounts
e) IRA/Pension plans
f) Boat
g) Jewelry
h) Computers and electronic equipment

7) OTHER PROPERTY

a) Stocks and bonds
b) Mutual funds

8) BANKRUPTCY SCHEDULES

a) List of real property
b) List of personal property
c) Property claimed as exempt
d) Creditors holding secured claims
e) Creditors holding unsecured priority claims
f) Creditors holding unsecured nonpriority claims
g) Executory contracts and unexpired leases
h) Codebtors
i) Current income of individual debtors
j) Current expenditures of individual debtors