Dear readers, we’ve gotten through the bankruptcy petition. It took us four separate blog-entries just go get through the bankruptcy petition. Of course, before you can even file a bankruptcy petition, you’ll need to take credit counseling first. And not just any credit counseling will do. You have to take credit counseling from a credit [...]
credit counseling
Bankruptcy – it’s easy, right? Anyone can do it, right? Read on. So, intrepid readers, we are still learning how to file for bankruptcy. We’ve gotten just part way through the second page in this, our third installment. After you read this third installment, you’ll almost be done with page 2 of your bankruptcy papers. [...]
An individual cannot file a bankruptcy case without first taking a credit counseling and budget course.
While it is necessary to take your Financial Management course (also called Debtor Education or the Second Credit Counseling course) after you file bankruptcy – it is a requirement to receive your discharge – it’s also a good idea to wait to file the certificate until the deadline. The course is very important. If you fail to take [...]
Credit counseling is a requirement that must be fulfilled before an individual debtor is permitted to file a bankruptcy. The statute, passed by Congress in 2005 and made a part of the bankruptcy code as 11 USC §109(h)(1), reads in relevant part as follows: …an individual may not be a debtor under this title unless [...]
Bankruptcy may be the right move for you, or maybe not. Bankruptcy lawyers will call what I’m about to say heresy, and I’m pretty sure I’m going to get flamed by my colleagues and friends for saying it. I’m willing to take the risk, and I invite everyone to submit their comments to this post [...]
