Which Financial Management Course Should I Choose?

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.

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Andy Miofsky, Esq.

Andy Miofsky holds the highest AV PREEMINENT rating from Martindale Hubbell Law Directory and a perfect 10.0 from AVVO. Andy is an Illinois consumer rights lawyer with offices in Granite City Illinois. Andy represents people with bankruptcy and student loan debt problems throughout the Southern District of Illinois since 1979.

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