800-515-0496

Bankruptcy Chapter 7 Personal Bankruptcy
Course Registration

Like our other online courses, "Bankruptcy Basics - Chapter 7" is completely self-paced. The time needed to complete the course varies according to individual learning styles. This course does not include bankruptcy forms. Bankruptcy forms are readily available as free downloads on the Federal Bankruptcy websites.

Only $149. ~ Two CEUs for FALDP members

Bankruptcy Course Outline:

Module I:

• Overview of the Federal Bankruptcy Courts in Florida
• Do's and Don'ts for Bankruptcy Petition Preparers

Module II:

• Eligibility
• Case Progression
• Filing Fees
• Meeting of Creditors

Module III:

• Counseling and Resources
• Florida Districts with Links
• Glossary of Bankruptcy Terms

Module IV:

• Means Test
• Link to Means Test Calculator
• Definition of Median Income
• Six Month Income Rule
• Number in Household

Module V:

• Exemptions
• Quiz
• Course Completion Survey

Bankruptcy Basics - Chapter 7 Personal Bankruptcy shows consumers or shows document preparers how to help consumers start over with a clean financial slate. This foundation course introduces learners to:

• Bankruptcy terminology;
• Types of Bankruptcy
• Eligibility
• Florida exemptions; Means Test;
• And Do's and Don'ts For Bankruptcy Petitioner Preparers

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Top 3 Reasons People File for Bankruptcy

• 1. Medical Expenses

Data consistently shows that the top reason people file for bankruptcy is medical debt. And, most bankruptcy filers who filed bankruptcy for medical debt had some sort of health insurance. This is contrary to the pervasive myth that only the uninsured face financial catastrophes due to medical-related expenses.

• 2. Reduced Income

Companies are cutting down on their expenses; and for many employees, this results in major pay cuts and reductions in bonuses. The end result to employees can include bankruptcy.

• 3. Job Loss

Even if there’s a substantial severance pay, job loss can quickly deplete savings and assets.

After completing the Course Registration Form, you will be sent a Thank You email with a payment feature. You can pay with a debit or credit card. Tuition for this course is only $149. After payment is made, you will then be automatically redirected to the first page of the online course - Bankruptcy Chapter 7. Please remember to save the link. If you navigate away from that page, the link will disappear. If you have any questions, please do not hesitate to contact us - 800-515-0496 - staff@faldp.org. Learn more about other available FALDP online courses, and please read About our FALDP online courses for information about our policies. 

Learn more about FALDP membership here.

Bankruptcy Petition Preparers

Many people file for Bankruptcy “Pro se”, that is, without a lawyer. A “Bankruptcy Petition Preparer” assists people by preparing their Bankruptcy documents according to the court’s standards and guidelines. Because “Bankruptcy Petition Preparers” are not lawyers they cannot provide any legal advice. By law, “Bankruptcy Petition Preparers” are considered to be “debt relief agencies” and help people file for relief under the Bankruptcy Code.

Chapter 7 bankruptcy

Chapter 7, also known as “liquidation bankruptcy,” is usually what people think of when someone mentions bankruptcy. Under Chapter 7, the trustee sells all of the debtor’s nonexempt property in order to wipe out almost all of the debtor’s financial obligations. Here is what happens when you file chapter 7 bankruptcy:

• No repayment: The entire process takes from 3-6 months, after which your debt is cleared
• Property liquidation: Liquidate unprotected assets to pay debts
• Income status requirements for filing: Debtor’s income must fall below or be equal to that state’s median income, or debtors can submit a 'means test' which examines their financial situation to see if they qualify for Chapter 7
• Debt limits: There is no debt minimum or maximum for filing Chapter 7 bankruptcy