how much is bankruptcy online course

Full Answer

How much does it cost to take a bankruptcy course?

First and second bankruptcy courses that are affordable, convenient and simple to complete. The Credit Counseling Course is only $19.95 per household. Impeccable US based customer service that values your time. Take the course 24/7 from any of your devices.

When do I take the bankruptcy course?

The course is taken after your bankruptcy has been filed but before you receive your discharge. The financial strategies you learn will help ensure your success after your bankruptcy is over.

Where can I find pre-filing bankruptcy classes and certificates?

A: Access Counseling Inc. is authorized to offer pre-filing bankruptcy classes and certificates in all the states except North Carolina. BKClass Inc. can offer the post-filing debtor education bankruptcy classes and certificates in all states except Alabama and North Carolina.

How long does it take to get a second bankruptcy course?

Once your forms are filed with the bankruptcy court, you’ll want to get the second course done within 60 days of your meeting of creditors (or before the meeting, if you want). The courses are offered by nonprofit organizations that are pre-approved by the U.S. Trustee (or the bankruptcy administrator).

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How long is the debtor education course?

As a result, the debtor education requirement is a 2-hour course. When done, you'll receive a certificate of completion that you have to submit to the bankruptcy court.

How long do you have to take pre bankruptcy credit counseling?

You have 6 months to take the pre-filing course. Once your forms are filed with the bankruptcy court, you’ll want to get the second course done within 60 days of your meeting of creditors (or before the meeting, if you want). The courses are offered by nonprofit organizations that are pre-approved by the U.S. Trustee (or the bankruptcy administrator).

What to do during a credit counseling session?

During the credit counseling session, you'll speak with a credit counselor about your financial situation. Once done, they may recommend that you consider a repayment plan but oftentimes they'll simply provide you with the bankruptcy certificate to submit to the court along with your bankruptcy forms. The certificate is how you prove ...

How long is credit counseling?

The Executive Office of the United States Trustee (“EOUST”) states that “sessions should last approximately 60 minutes .”.

How long is a certificate of completion good for?

You get the certificate of completion after you’ve completed the course. It’s good for 180 days.

Do you need credit counseling for Chapter 7?

Is credit counseling required for Chapter 7? Yes, individuals who file any type of bankruptcy (Chapter 7, Chapter 13, or Chapter 11) have to complete this requirement. The credit counseling requirements exist to make sure that everyone filing bankruptcy knows about all available debt relief options .

What are the two courses required to file for bankruptcy?

The federal government requires anyone going through bankruptcy to complete two online courses: pre-filing and post-filing. These courses will help familiarize you with all available options and details about the process.

How long does it take to file for bankruptcy?

Depending on which chapter you file under, the bankruptcy process can take anywhere from a few months to a few years.

How long does bankruptcy stay on credit report?

Although the discharge eliminates the debt, certain creditors may still repossess property such as a home or vehicle even if the debt has been discharged. The discharge will remain on your credit reports for 7 to 10 years.

How long does bankruptcy affect credit?

Bankruptcy remains on your credit report between 7 and 10 years, during which you may find it challenging to obtain new credit or be approved for loans. If you are approved, you will likely face high interest rates and other unfavorable terms.

How long is a pre-filing certificate good for?

Pre-filing completion certificates are good for 180 days.

Can you postpone foreclosure if you file for bankruptcy?

If your foreclosure notice was issued before your bankruptcy filing, the automatic stay would not postpone the foreclosure process.

Do you have to go to court for bankruptcy?

Yes, a court hearing is required for all bankruptcy filings, during which the trustee assigned to your case will ask you questions about your bankruptcy filing and personal circumstances. Your creditors also will be allowed to ask you questions if they choose to attend.

What Is Bankruptcy Debtor Education?

In order to be discharged from Chapter 7 or Chapter 13 bankruptcy, you must complete a Pre-Discharge Debtor Education course. The purpose of this bankruptcy course is to help you remain financially secure and use credit wisely so you don’t end up in bankruptcy again.

What is the bankruptcy law?

This act was signed into law on April 20, 2005, and includes checks and balances to ensure that consumers are equipped to make informed decisions when it comes to filing bankruptcy. It includes the requirement that all Chapter 7 or 13 bankruptcy petitioners complete approved credit counseling and provide to the court a certificate of completion from a U.S. Trustee-approved, nonprofit credit counseling agency . The law also requires all consumers who file for bankruptcy to successfully complete two bankruptcy courses prior to having debts discharged.

What happens if you don't complete debtor education?

If you don’t complete the debtor education course before the deadline passes, the court will typically close your bankruptcy case but not discharge you. So, to wipe out your debts, you must file a motion, pay the required fees and ask the court to reopen your case so that you can file the certificate and obtain a discharge.

How to get credit counseling after bankruptcy?

With Pre-file Credit Counseling, you’ll start online, then receive a personal counseling session by telephone to discuss the details of your current financial situation with a Certified Financial Counselor. Your counselor will help you build an accurate picture of your current finances, then give specific advice on actions you can take to improve it. You’ll also discuss short- and long-term financial goals and determine if there are any alternatives to bankruptcy. The counselor will explain consequences of bankruptcy and actions you can take to get back on sound footing after a bankruptcy.

What happens if you miss Chapter 13 bankruptcy?

Those who file for Chapter 13 bankruptcy must complete the class and file the certification of completion before your last repayment plan payment or before you file a motion for discharge. If you miss these deadlines , the court will dismiss your case. To reopen it, you must repay the bankruptcy filing fee.

When was the bankruptcy act signed?

This act was signed into law on April 20, 2005, and includes checks and balances to ensure that consumers are equipped to make informed decisions when it comes to filing bankruptcy. It includes the requirement that all Chapter 7 or 13 bankruptcy petitioners complete approved credit counseling and provide to the court a certificate of completion from a U.S. Trustee-approved, nonprofit credit counseling agency. The law also requires all consumers who file for bankruptcy to successfully complete two bankruptcy courses prior to having debts discharged.

What are the exceptions to debtor education?

Exceptions include: being on active duty in a military combat zone. a disability that prevents you from taking the course. no court-approved course providers are available in your area. a course isn’t available in a language you understand.

How long do you have to take bankruptcy classes?

How long do I have to take it after filing for bankruptcy? A: In a chap­ter 7 case, you must take the debtor edu­ca­tion post-​​bankruptcy class (1) after you file your peti­tion for bank­ruptcy and (2) within 45 days after your first meet­ing date with your cred­i­tors and bank­ruptcy trustee.

How long does it take to complete bankruptcy counseling?

A: The pre-​​filing bankruptcy credit counseling course takes a minimum of 60 minutes to complete. The pre-​​discharge debtor education course takes a minimum of 2 hours. Theses time requirements conform to the EOUST and the Alabama Bankruptcy Administrators' program guidelines.

What is the bankruptcy abuse prevention and consumer protection act?

A: The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 includes two provisions mandating financial counseling and education: Before filing for bankruptcy, consumers are required to have a briefing on the alternatives to bankruptcy; and before receiving a bankruptcy discharge a debtor is required to complete an instructional course concerning personal financial management. These provisions were included to provide debtors in bankruptcy with the skills and tools needed to potentially avoid future financial problems.

What is the pre discharge debtor education course?

The debtor education course is also known as the personal financial management course or the post-​​filing debtor education course, and completion of this course is required ...

What is pre filing bankruptcy?

The pre-​​filing bankruptcy credit counseling course is also known as a pre-​​petition counseling session or a budget briefing. You will be required to provide a certificate of completion showing you have completed the bankruptcy credit counseling course prior ...

How to start BK classes online?

A: You can begin the courses online by visiting our home page www.BKClass.com or by calling 1- (800)-BK-CLASS.

Does a pre-filing bankruptcy certificate expire?

A: Yes, the pre-​​filing bankruptcy credit counseling certificate expires 180 date from the date if is issued by Access. The pre-​​discharge debtor education certificate issued by BKClass Inc. is valid until your court ordered completion date for discharge. Your bankruptcy attorney may be able to provide additional clarification regarding these requirements.

What courses do you need to take to file for bankruptcy?

When you file for bankruptcy, you'll complete two courses—a credit counseling course and a debtor education course. If you're unsure which to take or how to find approved providers, these basics will help:

How many pages does bankruptcy take?

Bankruptcy is an unusual area of law because it's essentially a qualification process. The laws provide instructions for completing a 50- to 60-page bankruptcy petition, and because all rules apply in every case, you can't skip a step.

When Do I Have to Complete the Debtor Education Requirement?

Chapter 13 filers must file the completion certificate before making the last Chapter 13 repayment plan payment.

How Much Does the Debtor Education Course Cost?

If your household income is below 150% of the poverty line, you'll be eligible for a fee waiver. Otherwise, $50 or less is reasonable.

What happens if you don't complete debtor education?

If you don't complete the debtor education course within the specified deadlines, the court will typically close your bankruptcy case without a discharge. This means that if you want to wipe out your debts, you will need to file a motion, pay the necessary fees, and ask the court to reopen your case so that you can file ...

How long does debtor education last?

Regardless of the method of instruction, the course will typically last at least two hours. If you attend the course in person, an instructor will provide you with course materials and teach you in a class setting.

How much is a reasonable fee for debtor education?

But the new rules published by the Executive Office for U.S. Trustees (EOUST) state that $50 or less is a reasonable fee. If a debtor education provider wants to charge more than $50, it has to get approval from the EOUST. (Learn more about the new debtor education rules .) Fee waivers.

Innovation in legal training for the real world!

Whether you are a consumer just looking to understand how to file a Chapter 7 or Chapter 13 case or an attorney that wants to add bankruptcy to their practice, our courses are affordable and convenient.

Expert Video and Written Instruction that Walks You Through the Entire Process from Start to Finish

Time is a precious commodity for all of us. Our online courses will show you how to file a Chapter 7 and Chapter 13 case start to finish. For attorneys who want to learn about bankruptcy and how to add it to their practice we have an intensive course which shows you how to add bankruptcy to your practice and which tools to use.

Convenience and Flexibility

Students will not have to fight traffic, find parking spaces, leave work early to go to class, or miss important family time. You can study and work when you have time, whether that’s early morning or late at night. Course material is always accessible online.

Expert Bankruptcy Instructor

Bankruptcy attorney Lorena Saedi has been practicing bankruptcy law for over 19 years. She not only knows the law inside and out, but she has built a successfull legal practice from the ground up. Get the latest tips and advice and how you can maximize profits and practice bankruptcy law at the highest level.

Tax and Credit Issues Explained

Our course not only provides a step-by-step guide to filing bankruptcy but also addresses credit and tax issues which arise due to a bankruptcy filing and how to avoid common mistakes which could cost you after your case has been completed.

1 Year of Attorney Support

Each of our courses provides 1 year of attorney support to answer any questions you may have about the material, application of the law, or business questions related to the course. Students can submit questions if they need assistance with their course.

Guaranteed Acceptance of Forms

Our course provides the most up to date forms used by the courts and we guarantee that a petition prepared on these forms will be accepted by any federal bankruptcy court in the United States.

What is the second course in bankruptcy?

The second course is required as part of your bankruptcy. The purpose of debtor education is to provide you with the knowledge and skills to take control of your financial future. The course is taken after your bankruptcy has been filed but before you receive your discharge.

How long does it take to complete a debtor education course?

The course is required to take a MINIMUM of 120 minutes (2 hours) to complete. The course is timed, and you cannot finish early. Take your time and spend the full two hours on the course material. All debtor education providers have the same time requirement.

What is the purpose of Debtor Education?

The purpose of debtor education is to provide you with the knowledge and skills to take control of your financial future. The course is taken after your bankruptcy has been filed but before you receive your discharge. The financial strategies you learn will help ensure your success after your bankruptcy is over.

What is the second course in credit counseling?

The second course is a financial management session, which is more educational.

Can you get a bankruptcy certificate if you are referred to a different provider?

Yes, even if you were referred to a different provider, the certificate you receive after completing the BE Adviser debtor education course is accepted everywhere, by all attorneys and by all bankruptcy courts.