- Assess the costs and benefits of bankruptcy to individuals, families, and society.
- Examine ways to prevent bankruptcy and identify alternatives to bankruptcy (e.g., budget management, debt management, refinancing, and financial counseling).
- Explain the importance of re-establishing a positive credit history and steps to improve a credit score after bankruptcy.
Online Curriculum and Lesson Plans
Oklahoma State Department of Education – Making $en$e: Financial Success for Oklahoma Students
- Module 13.1: Managing High Levels of Debt | view now
- Credit and Debt Management: Money Instructor | view now
OCEE Lessons:
- Bankruptcy | Download now
- Making Bankruptcy Personal – Activity | Download now
The lesson centers around a questionnaire called “What Color Am I?,” which examines behaviors and attitudes that could lead to a person declaring bankruptcy and assigns students a color based on low, average, moderate, or high risk.
Federal Reserve Lessons:
- NEW! Bankruptcy Basics | Download now
Students learn that bankruptcy is a federal court proceeding designed to help individuals address debt problems and provide fair treatment to creditors.