CPE course study guides
Study guide for The New Bankruptcy
The study guide is provided to guide you through the course material in a step by step format.
Reading assignments are for The New Bankruptcy by attorney Stephen Elias-4th Edition
1) What is bankruptcy
Reading Assignment: Chapter 1 <<>> Review Questions: # 1-17
The learning objectives for this lesson are to gain an understanding of:
- Types of bankruptcy
- How bankruptcy stops collection efforts
- The bankruptcy trustee
- Changes to the bankruptcy laws
- Business bankruptcies
2) Who can file for bankruptcy
Reading Assignment: Chapter 2 <<>> Review Questions: # 18-35
The learning objectives for this lesson are to gain an understanding of:
- Credit counseling
- How to calculate your income status
- Chapter 7 eligibility requirements
- Chapter 13 eligibility requirements
3) How Bankruptcy affects your debts
Reading Assignment: Chapter 3 <<>> Review Questions: # 36-54
The learning objectives for this lesson are to gain an understanding of:
- Debts that will be discharged in bankruptcy • Debts that survive Chapter 7 bankruptcy
- Debts that survive Chapter 13 bankruptcy
- Debts discharged only under Chapter 13
- How joint debts are handled
4) Your property and bankruptcy
Reading Assignment: Chapter 4 <<>> Review Questions: # 55-60
The learning objectives for this lesson are to gain an understanding of:
- Your bankruptcy estate
- How to inventory your property
- How to value your property
- Exemptions
5) Your home
Reading Assignment: Chapter 5 <<>> Review Questions: # 61-71
The learning objectives for this lesson are to gain an understanding of:
- Homeowners filing for bankruptcy under Chapter 7
- Homeowners filing for bankruptcy under Chapter 13
- Renters filing for bankruptcy
6) What happens to property that secures a loan
Reading Assignment: Chapter 6 <<>> Review Questions: # 72-77
The learning objectives for this lesson are to gain an understanding of:
- What are secured debts
- How secured debts are handled in Chapter 7
- bankruptcy
- Eliminating liens in Chapter 7 bankruptcy
- How secured debts are handled in Chapter 13
- bankruptcy
7) . Your credit cards
Reading Assignment: Chapter 7 <<>>Review Question: # 78-79
The learning objectives for this lesson are to gain an understanding of:
- If your balance is zero
- If you owe money but are current
- If you are in defaul
8) Your job, freedom and self-respect
Reading Assignment: Chapter 8 <<>> Review Question: # 80-81
The learning objectives for this lesson are to gain an understanding of:
- Will you lose your self-respect?
- • Will you lose you job?
- • Effect of bankruptcy on job applicants
- • Other forms of discrimination because of bankruptcy
- • Effect of bankruptcy on child custody
- • Effect of bankruptcy on your freedoms
9) Bankruptcy forms and procedures
Reading Assignment: Chapter 9 <<>>Review Questions: # 82-90
The learning objectives for this lesson are to gain an understanding of:
- The means test
- Challenges for abuse
- Valuation hearings
- Common Chapter 7 motions and proceedings
- Conversions from one chapter to another
- Potential problems in chapter 13
- Filling out the bankruptcy forms
10) Getting help with your bankruptcy
Reading Assignment: Chapter 10 <<>>Review Questions: # 91-100
The learning objectives for this lesson are to gain an understanding of:
- Debt relief agencies
- Bankruptcy lawyers
- Bankruptcy petition preparers
- Books and Internet resources
11) Alternatives to bankruptcy
Reading Assignment: Chapter 11 <<>>Review Questions: None
The learning objectives for this lesson are to gain an understanding of your options:
- Do nothing
- Negotiate with your creditors
- Get outside help to design a repayment plan
- File for Chapter 11 bankruptcy
- File for Chapter 12 bankruptcy
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