Since
Congress passed the mis-named Bankruptcy Abuse Prevention and Consumer
Protection Act (BAPCPA) in 2005 to take a filer for bankruptcy credit
counseling course within 180 days of each consumer before submitting
their case and each filer desire for relief their debt to a debtor course after their case is filed and before they receive their discharge.
So what are these courses? You are organizations approved by the U.S. Trustee to provide these mandatory courses for the debtors have to file for bankruptcy. Once you are issued the courses, a numbered certificate for you certify that you completed the course. Only U.S. Trustee approved organizations can issue these certificates.
For the most part, these courses are going to be a waste of time. Credit counseling almost never works for people, and a majority of my clients already have the credit counseling before he tried to see me, only to find out that their debt is not reduced and the collectors are still calling. The debtor course deals with the management of money and how to live within a budget.
How do you know which courses from the U.S. Trustee's office are approved? You can go and find an approved organization of the U.S. Trustee site. Most of these courses run between $ 50 - $ 100.00. Even if we both think it is a complete waste of time, it is a requirement for filing bankruptcy and must be completed (who we are with the Congress argue?) Will.
These courses must be taken regardless if you file a Chapter 7 or Chapter 13th If you keep us handle your bankruptcy, you need not worry about finding an approved organization. We take care of that for you and the price is included in your. We signed up for the course, give you the instructions on how to take it, and get your certificate to you. All you have to do is take the courses. With the organization that we use, these courses can be taken over the phone or online and most of the time it will take between 60-90 minutes.
To
do a benefit, these courses is online when you are tired or receive
any more time, you can stop the course and pick it up again later where
you left off. When
this article was written, the fee for the credit counseling and debtor
training course is $ 69.00, regardless of whether you are an
individual or joint filers filers, and regardless of whether it over
the phone or online. are
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