Standard 13: 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

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

New Lesson Seal - Orange



Making Bankruptcy Personal | Download now


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