Jan 07, 2022 · Frequently Asked Questions (FAQs) – Debtor Education. The FAQs have been separated into two major areas: Consumers and Providers/Applicants. Some issues may be cross-cutting. Debtors/Consumers, applicants, and approved providers may find it helpful to review the questions in each area. Click on the area of interest to view the related ...
Instructions for Taking your Post-filing Debtor Education Course Thank you for your interest in the Post-Filing Debtor Education Course (also called Financial Management Course) from Second Bankruptcy Course, ... If you have questions or concerns, please call Customer Service at 800-214-7030 between 8 AM and 9 PM EST, Monday through
May 10, 2020 · What should I expect from the course? Debtor education courses typically cover topics such as personal finance management, including creating and sticking to a budget. You may also learn about the smart use of credit and how to deal with unexpected bills. How long is the course? The course is at least two hours long.
Do Not Sell My Personal Information. 7031 Koll Center Pkwy, Pleasanton, CA 94566. master:2021-11-17_10-05-35. 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: You'll take the credit ...
Get the Answers to Your Questions About Debtor Education. For a bankruptcy petition to proceed, filers must meet two educational requirements. The first is an approved credit counseling course, which needs to be completed before an individual can file for bankruptcy. The second is a debtor education course, which can only be completed ...
The second is a debtor education course, which can only be completed after filing for bankruptcy. Consult your bankruptcy attorney to make sure you correctly fulfill all of the legal requirements to obtain your debt discharge.
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.
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 ...
If you don't complete the test in a satisfactory manner or receive a score of less than 70%, the provider must communicate with you directly. For telephonic courses, the instructor must contact you either in person or by phone. For online courses, the communication can be by email, live chat, or phone.
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 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.
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.
This has to be done in the 6 months before the case is filed.
Failing to complete the course will prevent you from getting your discharge. This means your bankruptcy case will close and you will still be liable for whatever debts did not get paid through your Chapter 13 plan. If this happens, you will need to pay money to reopen the case and provide the court with a certificate of completion showing ...
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.
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.
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).
To complete the automated telephonic course, call 800.214.7030 Monday through Friday, 8am-8pm ET and a representative will take payment and send you into the course – no appointment necessary. alternatively, you can register online 24/7 and follow the instructions to call into the course.
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.
Credit counseling course outlines options beyond filing bankruptcy for debtors. Within the six-month period prior to filing a petition with the U.S. Bankruptcy Court, people are required to complete a credit counseling course that analyzes the factors that contributed to their financial difficulties. As part of the 2005 reform of the federal ...
When discussing bankruptcy, the course lists the merits of filing a Chapter 7 case, which is a liquidation process, as well as Chapter 13, which allows debtors to keep their property while paying creditors over several years.
All expenses, from housing costs to pet care, are scrutinized. Based on that information, an ideal budget is projected to show how they may improve their spending. A second section focuses on options for dealing with their debts, citing the most important expenses first - housing and healthcare.
Back taxes are difficult to get rid of, and federal and state tax agencies have the power to garnish your wages or even make deductions from your Social Security payments.". Finally, the ways in which people in debt can rebuild their damaged credit rating and move past their financial difficulties are outlined.