In today’s economy, it’s an unfortunate fact that many people can no longer take care of their financial affairs. Whether they are overburdened with credit card debt or behind on mortgage payments, there are a number of reasons why people take the route of bankruptcy. But what exactly happens during a bankruptcy proceeding? To learn more, take a look at this video from eHow.com. In it, you’ll hear how bankruptcy is used to settle your debts, repay your creditors, and stop the harassing phone calls.