Standard 13 focuses on the topic of bankruptcy, including the costs and benefits of bankruptcy to consumers and the economy. Learning objectives include examining ways to prevent bankruptcy and identifying alternatives to bankruptcy. Students also analyze the importance of reestablishing a positive credit history.
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Suggested Unit Progression
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Unit 13. Bankruptcy
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Suggested Instructional Class Periods:
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Semester Course:
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Embedded in a Course: (9 weeks)
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3
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2
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Oklahoma Academic Standard:
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PFL.13 The student will evaluate the consequences of bankruptcy.
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Essential Questions:
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How do financial decisions impact individuals and society?
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Why and how do people prepare and respond to challenges and change?
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What is government’s role and relationship to consumers?
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What makes a financially responsible citizen?
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Supporting Questions:
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Why do individuals or companies make the financial decisions to file bankruptcy?
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What are the costs and benefits of bankruptcy to an individual, family, and society?
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How can people avoid bankruptcy through different alternatives to resolve debt?
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How can people rebuild their credit and financial health after bankruptcy?
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RETURN TO HOMEPAGE
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