These short videos explain bankruptcy a legal process that provides relief to many individuals who can no longer pay all of their debts.

There is lots of flexibility with this unit. Although it may seem small, this unit allows teachers and students explore topics in greater depth in a lecture/small group discussion format, online discussions, or student led lessons. This resource covers sources of credit; advantages/disadvantages of credit; credit records,reports, & management; consequences of poor credit; and bankruptcy.

The strength of this unit is the flexibility it provides for teachers and students. The structure of this unit allows for a variety of instructional stategies to be utilized.

This 4-minute video lesson explains the mechanics of a share-based acquisition. [Core Finance playlist: Lesson 144 of 184]

This 14-minute video lesson looks at Chapter 11: Restructuring through a bankruptcy. [Core Finance playlist: Lesson 23 of 184]

This 11-minute video lesson provides an introduction to bankruptcy liquidation (Chapter 7). [Core Finance playlist: Lesson 22 of 184]

This 3-minute video lesson explains the basics of deflation. [Core Finance playlist: Lesson 168 of 184]

This 5-minute video lesson looks at why Warren Buffett called Credit Default Swaps financial weapons of mass destruction. [Core Finance playlist: Lesson 167 of 184]

This 10-minute video lesson introduces balance sheets by looking at a home purchase to illustrate assets, liabilities and owner's equity. [Core Finance playlist: Lesson 7 of 184]

This 10-minute video lesson discusses the basics of mutual funds. [Core Finance playlist: Lesson 175 of 184]

This 13-minute video lesson looks at Chapter 7 and Chapter 13 personal bankruptcy. This video was sponsored by Visa, but Kahn had complete editorial freedom as to its contents.[Core Finance playlist: Lesson 50 of 184]

In The Law of Corporate Finance and Financial Markets, much of the course focuses on M&A and the law-sensitive aspects of financial services and financial markets. The course is designed to be an introduction to business law which covers the fundamentals, including contracts, liability, regulation, employment, and corporations. 15.617 provides an in-depth treatment of the law of finance.

Estimated Lesson Time: 120 minutes

Students will be able to:
-Generate a list of responsible strategies that can be used by an individual to pay down and eliminate their debts
-Explain the difference between High Rate and Debt Snowball repayment methods
-Decide whether credit counseling, the FTC, or the CFPB could help them manage debt
-Understand the consequences of not paying one’s debts and the choices of last resort for out-of-control debt

ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.