Did you know that all individuals who file for bankruptcy in the United States have to complete a pre-bankruptcy credit counseling course? This course is there to help them understand their current financial situation and to determine if bankruptcy is actually the right path forward.
Pre-bankruptcy counseling
Pre-bankruptcy counseling is handled before you file for bankruptcy. During this, you will assess your financial situation and talk about alternatives to bankruptcy. This course takes approximately one hour.
You may benefit from this program if you’re at a point where you’re not sure if bankruptcy is right for you yet. Credit counseling has the potential to help you avoid bankruptcy completely in some cases and encourage you to seek it out in others.
What is a post-bankruptcy debtor education course?
After you file your bankruptcy, you will need to take a post-bankruptcy debtor education course. The goal of this program is to teach you how to manage your finances, so that you don’t end up in the same kind of position in the future.
What should you expect from these courses?
These courses are educational, so you should expect to learn more about your finances and your options. Post-bankruptcy courses take approximately two hours.
These courses can be completed online or over the phone. Your attorney will help you find the right courses, including pre-bankruptcy and post-bankruptcy courses, so that you are prepared to complete those programs and to move forward with your debt-relief options as soon as possible.