28 May Which Financial Management Course Should I Choose?
As of October 17, 2005, each debtor filing a new chapter 7 or chapter 13 voluntary bankruptcy case must comply with Section 111 and Section 727 in order to receive a discharge of debts.
Commonly known as the Financial Management requirement, these sections require that a debtor must complete an instructional course in personal financial management, from an approved agency, before the court may issue an order of discharge. Failure to complete this program will result in the closing of the case without discharging the debt.
Over the past year and half, I found two agencies, each approved to provide the required instructional program. These agencies are:
Institute for Financial Literacy, Inc.
www.financiallit.org
1-866-662-4932
and
Hummingbird Credit Counseling and Education, Inc.
www.hbcce.org
1-800-645-4959
Both agencies offer convenient internet or toll-free telephone service. My clients have satisfactorily completed programs with both companies.

Andy Miofsky, Esq.
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