What is bankruptcy counseling?

Answer According to the Federal Trade Commission, the Consumer Protection Act of 2005 requires people to go through credit counseling before they file for bankruptcy. People must also complete a debtor ed... Read More »

Top Q&A For: What is bankruptcy counseling

Why do i have to take credit counseling before bankruptcy?

Part of the process of declaring bankruptcy in the United States involves going to see a credit counselor. Some people may not understand why they have to see a credit counselor before declaring ba... Read More »

How long does bankruptcy pre-discharge counseling take?

On One Hand: Two Hours RequiredThe Executive Office for United States Trustees requires that debtors complete a minimum of two hours of pre-discharge education before the case is closed. The class ... Read More »

How to Get Consumer Counseling for Chapter 13 Bankruptcy?

Many states do not allow any person to file for bankruptcy until they have attended classes bankruptcy counseling and debt management. While some believe that these classes a drawback, the state re... Read More »

When do you complete a credit counseling course after filing bankruptcy?

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 established the requirement that credit counseling must be completed within 180 days before filing for bankruptcy. In order to fi... Read More »