Bankruptcy is a legal process that provides relief for individuals and businesses overwhelmed by debt. It can help discharge debts but also has consequences like limiting future credit choices. Alternatives include out-of-court settlements, debt payment plans, or selling assets. There are two main types of bankruptcy for individuals: liquidation which wipes out debts but limits kept property, and reorganization which sets up a payment plan. Recovering from bankruptcy requires addressing the underlying causes of debt, setting financial goals, and avoiding predatory deals as credit is reestablished.

1. 1
Bankruptcy
University Hassan First
Faculty of Sciences and Techniques
Settat
Process and chemical engineering
University year : 20xx/20xY
Presented by:
xxxx XXXXX
05/03/2023

2. Plan :
Introduction
Definition of bankruptcy
Consequences of Bankruptcy
Alternatives to Bankruptcy
TIPSTO REMEMBER
Types of bankruptcy
How to recover from bankruptcy
Conclusion
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3. 3
Introduction
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When you experience financial difficulties, you may need to regroup with
the proper legal guidance, bankruptcy can beTHE RIGHT CHOICE.
In this presentation I will talk about some facts about bankruptcy.

4. What is
bankruptcy?
Bankruptcy is a federal court process by which a
debtor can discharge or recognize his debts.
Usually it is initiated by the debtor.
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5. Consequences
of Bankruptcy
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Influences financial freedom
Limits choices
Pay more for credit
Other people absorb your debt

6. Alternatives to
Bankruptcy
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Out of court settlement
Reduction of payments
Attaining help from consumer credit
counseling
Payment of debts by selling or borrowing
on property.

7. TIPSTO
REMEMBER
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•Keep track of your daily expenses.
•Save money on a regular basis.
•Make changes right away if you see yourself
starting to get into financial trouble.
•Pay attention to your household finances,
especially if you are married.

8. Types of bankruptcy
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9. Types of
bankruptcy
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wipes out all allowable debts and allows
certain personal property exemptions.
is a court-approved repayment plan.

10. Types of
bankruptcy
 Liquidation: It is a form of bankruptcy that occurs under
liquidation of bankruptcy code. It can either be a chosen form of
bankruptcy by the debtor or forced upon a company by its
creditors.
 An individual may file for bankruptcy under liquidation, which is
sometimes called "fresh start" bankruptcy. In a liquidation
bankruptcy, an individual may keep certain kinds of property
(called "exempt" property), and his or her remaining property will
be sold to pay off his or her debts. When an individual is
discharged from liquidation bankruptcy, most of his or her
preexisting debts will be discharged
 Reorganization : Filing for bankruptcy under Reorganization is
different than doing so under liquidation. reorganization
(sometimes called a "wage earner plan" allows an individual to pay
his or her debts over an extended period using a court-approved,
supervised, and enforced payment plan.
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11. How to recover from
bankruptcy
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12. Address what
caused the
bankruptcy.
 Perhaps you need to set a new budget or look for new types of
employment, so you don't find yourself in the same financial
straits five years from now.
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13. Identify your
goals.
 Recovering from bankruptcy can mean anything from
reestablishing a healthy credit score to paying off all of your debts.
To help focus your progress, pick a handful of top goals to work
toward.
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14. Avoid unfair
deals.
 Predatory lenders often target vulnerable groups, including recent
bankruptcy filers.That's why recent filers should be wary of
organizations and companies offering payday loans and rent-to-
own deals that carry high interest rates. Consumers are often so
eager for credit approval that they jump on contracts with high
interest rates, but it's usually better to wait
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15. Try to avoid
bankruptcy from
the beginning :
 It’s better to try to avoid bankruptcy from the beginning;A lot of
companies did not need to file bankruptcy to get out of their
financial mess. Most times it only requires to get reorganized and
think of other plans. For example bank CIH and INWI(WANA);
they took many steps to restart fresh without filing for
bankruptcy, for example they changed their logos and slogans and
they focused more on youth, besides they started offering many
facilities for their customers . In addition to this they relied on
media to raise their business image to new heights.
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16. Example of
companies that
recovered from
bankruptcy:
 Marvel Entertainment
 With blockbuster movies such as "Spiderman," "The Avengers,"
and "Guardians of the Galaxy," it is surprising to note that the
company filed for bankruptcy in 1996.This was before the
company got into the movie-making business, when it focused
solely on comic books.Today, the company's properties are worth
billions of dollars with millions of fans around the world.
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17. Example of
companies that
recovered from
bankruptcy:
 General Motors
 Following the financial crisis of 2008 and the Great
Recession, General Motors(GM), once the largest automobile
manufacturer in the world, filed for bankruptcy and was ultimately
bailed out by the federal government. In December 2013, the U.S.
Department of theTreasury fully exited its investment in GM,
recovering a total of $39.7 billion from its original investment of
$51.0 billion
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Conclusion
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In conclusion, Bankruptcy is a double-edged sword. It can serve to provide a new
lease of life and relief to a person who is overwhelmed with debts he cannot repay.
It can also serve as a stigma because it may affect one’s finances for many years.
That’s why one should carefully weigh all of his/her options before filing.

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