Financial Literacy 20, 30

(a)	Research the advantages and disadvantages of alternatives to filing for personal bankruptcy (e.g., consolidation loans, credit counselling, debt repayment program and consumer proposal) in Saskatchewan, including the impact on one’s credit report.
(b)	Explain the factors that may lead one to file for personal bankruptcy.
(c)	Discuss the: benefits (e.g., eliminating creditor phone calls and eliminating the fear of repossession or foreclosure) of bankruptcy; disadvantages of bankruptcy, including the existence of a permanent, public record; and, effects of declaring bankruptcy on self and others, including family.
(d)	Research the costs associated with, and the steps for, filing for personal bankruptcy in Saskatchewan.
(e)	Determine assets that are seized and assets that are protected in a bankruptcy proceeding in Saskatchewan.
(f)	Distinguish between debts that will be eliminated and debts that will remain after declaring bankruptcy in Saskatchewan.
(g)	Discuss myths often associated with bankruptcy (e.g., you will lose everything, bankruptcy will ruin your financial future and you can claim bankruptcy on student loans).