Standard 13 - Bankruptcy

Standard 13: The student will evaluate the consequences of bankruptcy.

  1. Assess the costs and benefits of bankruptcy to individuals, families, and society.
  2. Examine ways to prevent bankruptcy and identify alternatives to bankruptcy (e.g., budget management, debt management, refinancing, and financial counseling).
  3. Explain the importance of re-establishing a positive credit history and steps to improve a credit score after bankruptcy.

Online Curriculum and Lesson Plans

Making $en$e: Financial Success for Oklahoma Students – Oklahoma State Department of Education

  • Module 13.1: Managing High Levels of Debt | view now
  • Credit and Debt Management: Money Instructor | view now

OCEE Lesson:


Online Resources

Extended Activities

  • Your Money | NPR
  • Practical Money Skills for Life: Lesson 7 Understanding Credit | view now