1. P ERSONAL F INANCE Section 6.4 Notes Managing Your Debts

2. S IGNS OF D EBT P ROBLEMS The Warning Signs

3. S IGNS OF D EBT P ROBLEMS The Warning Signs

4. D EBT C OLLECTION P RACTICES Collection Agencies

5. F INANCIAL C OUNSELING S ERVICES Consumer Credit Counseling Service (CCCS)

6. F INANCIAL C OUNSELING S ERVICES Consumer Credit Counseling Service (CCCS)

7. D ECLARING P ERSONAL B ANKRUPTCY As a last resort, and individual can declare bankruptcy.

8. T OTAL B ANKRUPTCIES 1970 – roughly 250,000

9. U.S. B ANKRUPTCY A CT OF 1978 Chapter 7 Bankruptcy

10. Chapter 13 Bankruptcy U.S. B ANKRUPTCY A CT OF 1978

11. E FFECTS OF B ANKRUPTCY People have varying experiences in obtaining credit after they file for bankruptcy.