If you are considering filing for chapter 7 bankruptcy, you must complete two educational programs. One program must be complete before you file, the other must be completed prior to your discharge. Read on for more information about these requirements so that you'll be prepared for filing for chapter 7 bankruptcy.
In 2005, President Bush signed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. The BAPCPA sought to, among other things, make consumers more accountable for their actions leading to bankruptcy filing. This act required bankruptcy filers to take classes in credit counseling and in personal finance.
Credit Counseling Class
Personal Finance Class
Keep in mind that there are strict federal guidelines for these classes and failing to follow the rules will put your entire bankruptcy case in jeopardy. Your bankruptcy attorney will be able to assist you in choosing the classes and getting the certificates filed in a timely manner. For more information about bankruptcy or to find an attorney, contact a professional like Sever Law Office.Share
24 June 2015
Filing for bankruptcy has a tendency to make people feel ashamed and stressed out, and can turn into a big source of depression if not handled properly. As a counselor for couples and families, I have worked with various families throughout the years who have had to go through bankruptcy. And during this time, I have seen firsthand how, with the right mindset, going through bankruptcy can make people stronger in their financial lives and careers. I started this blog to provide information about the right things to do and the things that should be avoided while going through bankruptcy to minimize stress and maximize potential once the process is over. If you have any questions or concerns, hopefully they can be addressed on these pages.