What Credit Counseling Course is Required to File Bankruptcy?
Summary: Among a number of requirements set forth by the bankruptcy code and which the trustee's office and bankruptcy court oversee and enforce is a requirement to attend a credit counseling course. Available online, over the phone, or in person, this course must be completed prior to filing.
Credit Counseling and Bankruptcy
In order to file for bankruptcy, it is a requirement that you receive credit counseling. This counseling must be done through a U.S. Trustee authorized agency. The pre-bankruptcy credit counseling will evaluate your current financial situation, give you information on alternatives to bankruptcy and assist you in formulating a personal budget plan.
Your counseling may be done in person, over the phone or online and generally costs $10 - 50 and lasts for approximately 60 - 90 minutes. You may qualify for the fee to be waived, however you must request this prior to the beginning of the session. A certificate will be given to you as proof that you have completed your counseling and this must be filed along with your other bankruptcy documents. A knowledgeable Arlington bankruptcy attorney from The Law Office of Richard Weaver & Associates can help guide you in the right direction for exactly what you will need to do, in order to successfully navigate the bankruptcy process.
Debtor Education Course
After you have filed for bankruptcy and before the discharge of your debts, you must complete a debtor education course. As with the credit counseling, this course must be taken through an authorized provider and a certificate must be issued to you as proof that you have taken it. This course may be taken in person, over the phone or online, lasts approximately 2 hours and can cost from $50 - $100. You may be eligible to have this fee waived as well. The purpose of this course is to educate you on how to manage your money, develop a budget and use credit cards in a wise manner.
The law firm's attorneys have 25 years of experience assisting clients with their bankruptcy needs. They have a full understanding of the different types of bankruptcy, what to do about creditor harassment and how to stop wage garnishment. They can help you answer the question: "Is bankruptcy right for me?"
Do not hesitate to take immediate action to resolve your financial problems. Contact an Arlington TX bankruptcy lawyer to find out about required credit counseling prior to filing for bankruptcy.
Reach out for more information.
At our arlington bankruptcy law firm, you will find that we have two convenient locations in Arlington. The first is in North Arlington near Hurricane Harbor on Lamar Blvd and Ballpark at 2000 E Lamar Blvd #600, Arlington TX. Additionally, we have the office in the Highlands shopping center down south off of I-20 and Matlock located at the address of 3901 Arlington Highlands Blvd #200, Arlington, TX. Not only can you visit with us in one of our Arlington office, but you could also choose to speak with the attorney or one of our team members over the phone for a phone consultation.
One interesting thing to note about the debtor education courses is that they are mandatory as we have already noted, but additionally, they are highly mandatory if that could be said. If you file a bankruptcy case and the debtor education certificate of completion is not uploaded with the bankruptcy petition as is required, the case might literally be dismissed in a matter of 24 hours in such a case. For deficiencies such as pay-stubs, and other missing documents, the bankruptcy would not be dismissed with such swiftness. Call our office to receive your own free consultation about the issues involved and the details that need to be carefully addressed in order to prepare a well-filed and well-represented bankruptcy case.
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