Bankruptcy Credit Counseling

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires court approved bankruptcy credit counseling to be completed by debtors prior to filing for bankruptcy within the 180 days immediately preceding the filing of a bankruptcy petition. The course can be completed online and is relatively inexpensive.
 

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires two court approved bankruptcy credit counseling to be completed by debtors prior to filing for bankruptcy within the 180 days immediately preceding the filing of a bankruptcy petition. Both courses can be completed online and are relatively inexpensive.
 

The first requirement calls for a “debt management course” and must be completed prior to filing – your certificate of completion is filed as part of your Bankruptcy petition.
 

The second course is known as the “financial management course.” This educational requirement involves education about budgeting, interest rates and other financial management tools that will, hopefully, keep you out of bankruptcy in the future.

 

 
 
 
 

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