How Many Credit Counseling Classes Do I Need To File Bankruptcy?
By Susanne Robicsek, North Carolina Bankruptcy Attorney on Jan 29, 2007 in General Bankruptcy Information
There are two separate courses are required during your bankruptcy case. One of these courses is required before you file for bankruptcy, and the other is required in order to qualify for a bankruptcy discharge.
The first course is a credit counseling class that must be taken within the six months BEFORE your case can be filed. You will also need to take a second course, called the financial management course, AFTER you file.
The first credit counseling class was added as a requirement because it was believed that people were filing for bankruptcy who could go into a debt repayment program (”DMP”) through a credit counseling agency. The second course gives debtors some tools and education about financial management.
see also: What Is The “Credit Counseling” That Is Required Under The Bankruptcy Laws?
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