Not exact matches
A: The Executive Office for United States Trustees
requires that you participate in a 2 - hour
debtor education course.
This law not only
required debtors to pass an income test prior to qualifying for Chapter 7 bankruptcy but also
required debtors to complete credit counseling prior to filing bankruptcy and to complete a Pre-Discharge
Debtor Education course prior to the discharge of their debts.
If financial hardship has forced you to look at personal bankruptcy protection, mpowered provides both
courses required by the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act: the Credit Counseling session before you file and the
Debtor Education course before your case is discharged.
- Information about completing the court -
required Credit Counseling
course before filing and the
Debtor Education course after filing;
Prior to receiving a discharge, the Bankruptcy Code
requires that you complete a mandatory Financial Management
Course (also known as a
Debtor Education Course) that is designed to help you manage your personal finances in the future.
Usually after your debts are discharged, courts will
require credit counseling,
requiring that you attend one class prior to filing and
debtor's
education course while your case is pending.