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).
Second Bankruptcy Course, LLC is approved to issue certificates in compliance with the Bankruptcy Code in all jurisdictions, including Alabama and North Carolina. Approval does not endorse or assure the quality of the provider’s service.
DEBTOR EDUCATION: After a bankruptcy is filed, a debtor must complete this second class to obtain a discharge. This second class is quite useful. As the name implies, debtors are “educated” on financial matters including how to balance their bank accounts, etc.
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.
To receive a discharge in Chapter 7 or Chapter 13 bankruptcy, you are required to take a debtor education course after you file your case. The goal...
With a few exceptions, all Chapter 7 and Chapter 13 bankruptcy debtors must complete a course in debtor education before they can receive a dischar...
You must take the debtor education course from a provider approved by the U.S. Trustee (or the Bankruptcy Administrator if you live in Alabama and...
If you file for Chapter 7 bankruptcy, you must take the debtor education course and file your certificate of completion (discussed below) with the...
The cost of the debtor education course will depend on the provider you select. But the new rules published by the Executive Office for U.S. Truste...
You can usually take the debtor education course in person, over the phone, or on the Internet. Regardless of the method of instruction, the course...
When you complete the debtor education course, you must file a form called Debtor’s Certification of Completion of Postpetition Instructional Cours...
The Second Bankruptcy Course is only $14.95. Married couples that have filed a joint bankruptcy can take pre-discharge bankruptcy course together or separately. The second bankruptcy course is available 24 hours a day, 7 days a week. You can take the course at your own convenience and at your own pace.
First and second bankruptcy courses that are affordable, convenient and simple to complete. The Debtor Education Course is Only $14.95 per household. This is the 2-hour timed Debtor Education Course as required by law. Take the course 24/7 from any computer.
Remember, this is a no-fail course – you cannot fail the course . This is a 2 hour timed course, as required by law. You are not required to complete the debtor education course in one sitting. If you log off mid-course, upon signing back in, it will resume from where you left off.
In a chapter 7 case, you must take the debtor education course: (1) after you file your bankruptcy case and (2) within 60 days after your first meeting date with your creditors and bankruptcy trustee. This meeting is also known as a Sec. 341 meeting (named after Sec. 341 of the Bankruptcy Code which requires it).
This meeting is also known as a Sec. 341 meeting (named after Sec. 341 of the Bankruptcy Code which requires it). In a chapter 13 or chapter 11 case, the debtor education course must be taken (1) after you file your petition for bankruptcy and (2) no later than the last payment you have to make as required by your bankruptcy plan, ...
Yes, Second Bankruptcy Course LLC is approved by the United States Trustee to issue certificates in compliance with the Bankruptcy Code. Approval does not endorse or assure the quality of a Provider’s services.
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.
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 ...
To receive a discharge in Chapter 7 or Chapter 13 bankruptcy, you are required to take a debtor education course after you file your case. The goal of the debtor education requirement is to educate you on making smart financial choices so that you won't have to seek bankruptcy relief in the future. When you take the debtor education course, you ...
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.
The purpose of the debtor education course is to teach you how to manage money and use credit wisely after bankruptcy. If you don't complete the debtor education requirement, the court won't issue a discharge in your bankruptcy. Read on to learn more about the debtor education course requirement in bankruptcy.
With a few exceptions, all Chapter 7 and Chapter 13 bankruptcy debtors must complete a course in debtor education before they can receive a discharge. (Learn more about the exceptions to the debtor education requirement .) you don't have an adequate debtor education course available in your district (this is a very rare occurrence).
If you file a Chapter 7 you will need to take the course within 60 days after your 341 meeting and if you file a Chapter 13 you will need to take the course before your last payment.
The Act requires that individuals filing for bankruptcy complete a credit counseling course prior to filing. It also requires a debtor education course after filing but prior to discharge.
Complete the course Online. 1. Click Get Started. 2. Follow the on-screen instructions to fill in your registration details and pay for the course. ℹ. 3. The course will take approximately 2 hours to complete. You do not have to finish it at one time and can return to finish it at your own pace.
1. Call 800.214.7030 (1.513.228.5969 Puerto Rico), 8AM-8PM ET, M-F to register. ℹ. 2. You can either be transferred to the automated course immediately or call back and enter the requested information to complete the course at any time. 3. The course will take approximately 2 hours to complete.
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.
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.
The debtor education course must be taken by an approved provider. BE Adviser is approved in all U.S. States and territories, and not every provider is, so you definitely want to check to see whether the provider you choose is approved, either by the US Trustee’s office or by the Bankruptcy Administrators (in Alabama and North Carolina).
It is kind of confusing because the second course goes by various names. 2nd required bankruptcy course, debtor education course, financial management course, post-filing course, pre-discharge course, they all mean the same thing.
Your case number and district are required to sign up for the second bankruptcy course. This information is also printed on your certificate, so you will want to make sure you have the correct information before you register. You will not receive your case number until AFTER your bankruptcy has been filed.
If you sign up with BE Adviser, our system automatically saves each page after you submit it. If you are midway through filling out a section and leave, it will not be saved. If you submit the page you are currently on, though, it will be saved. Our system also automatically saves your time spent.
You may have already filled out a budget for the first credit counseling course, so you may be surprised to find that you also need to fill out a budget for the second debtor education course as well.
What Happens After I Complete the Course? When to complete the Debtor Education Course after filing Chapter 13 bankruptcy. Everyone seeking Chapter 13 bankruptcy relief has to complete a mandatory credit counseling class before their case can be filed with the bankruptcy court. This has to be done in the 6 months before the case is filed.
The bankruptcy credit counseling course must be completed 180 days before you file your bankruptcy petition . The second course is called the debtor education course or the financial management course.
The first course is called the pre-filing credit counseling course which must be taken through a provider that is approved to offer the course in the district you file.
The second course is called the debtor education course or the financial management course. The post-filing debtor education course was added by BAPCA to educate individuals about their finances and give them all the tools they need so they don’t end up having to file bankruptcy again.
The Debtor Education Course usually costs between $15 - $50 depending on the provider you choose to complete it with. The Executive Office for the U.S. Trustees (EOUST) has set a figure limiting the fee to the course to be under $50.
A Chapter 13 bankruptcy can last anywhere between 3-5 years and although you don’t need to complete it until sometime before your last plan payment, it's best to do it sooner rather than later so you don’t forget.
After the course is completed, you will get a certificate of completion. The certificate of completion can be faxed, emailed, or mailed to you. Once you receive the certificate, you will need to file it with the court. You can either do this electronically or go to the Clerk’s office to give it to them personally/mail it to the court.
The first class is described as “Credit Counseling”. The second is for “Debtor Education”.
If you take a class but the provider does not issue a certificate or an issued certificate is not filed with the court, then a debtor does not get credit for taking the class. That can be a real problem.
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.
You’ll also need to take two educational courses. One before and one after filing bankruptcy. This is required by the Bankruptcy Code . There is usually a small cost for this counseling service, but bankruptcy law requires that anyone who can't afford to pay the cost can apply for a fee waiver.
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).
In a Nutshell. If you’re filing bankruptcy to wipe away your debt you’ll need to take two educational courses. A credit counseling course before filing your case and a financial management course after filing. Written by Attorney Andrea Wimmer. Updated January 5, 2021.
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 ...
The Executive Office of the United States Trustee (“EOUST”) states that “sessions should last approximately 60 minutes .”.
Yes, because as with everything in life, knowledge is power. Even if you don’t end up filing a bankruptcy case, a credit counseling session with an accredited nonprofit provider can help you figure out your next steps. It may help clarify whether bankruptcy is a good idea for someone in your situation.
However, a currently approved provider must re-apply no later than 45 days before its current approval period expires, unless the USTP grants a written extension. Also, a provider must be ready to offer services by all requested methods of delivery (such as in-person, telephone, or Internet) immediately upon approval.
A fee of less than or equal to $50 is presumed reasonable and does not require justification. Fees in excess of $50 must be approved in advance by the USTP by demonstrating, at a minimum, that the provider’s costs for delivering the instructional course justifies the requested fee.
A: A debtor education provider may not increase its fees without prior USTP approval. To request approval to increase fees, a provider must submit an amended application setting forth the proposed increased fees, as well as the reason for the increase.
A: A provider must inform debtors that services are available for free or at a reduced rate, based on a debtor's ability to pay, before providing any information to or obtaining any information from a debtor, and before beginning a debtor education session. Fee waiver policies may vary by provider.
A: To assist individuals in finding a debtor education provider, the USTP maintains a list of approved providers on its Web site. The USTP cannot endorse or recommend any particular provider on its list of approved providers, or guarantee the quality of its post-filing debtor education instruction or services.
A: Yes. Persons other than the debtor may pay for debtor education, as long as such payments comply with applicable laws, regulations, and ethical requirements (such as state laws and rules concerning attorney ethics).
A: Yes. A debtor education provider, once approved, may request approval for additional judicial districts by submitting an amended application. The amended application shall list both the additional judicial districts for which approval is being requested, as well as the currently approved districts.