2007-08-26 14:42:29 · 8 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Not only do you have to take the credit counseling course, you have to take a financial managment course(after 341 meeting), your attorney will give you a list of providers or you can check the courts web site for providers, cost is normally $50.00. First course normally takes 1-2 hours depending on method and speed, second course longer. Depending on state you can do it in person, over the phone or via interenet If you were pro-se and you filed the Bankruptcy without the certificate then you case will likely be dismissed.
This is not legal advice but just
2007-08-30 12:14:28 · answer #1 · answered by Cynthia R 1 · 0⤊ 0⤋
i hope the first question that the teacher ask is how much money did you folks steal -- course you all will say none you have not stole anything in you life -- but on the other side people who file bankruptcy is in fact not paying for the full amount of the goods/services they received -- but back to the question -- the class is gear for two reasons to insure you in fact understand the problems you will encounter over the next 7-10 years after filing and also to try to instill some basic money management principals in the trainees!!! i think is the best rule the government has come up with in a long time!!!
2007-08-26 22:10:57 · answer #2 · answered by mister ed 7 · 1⤊ 0⤋
Probably because filing bankruptcy should be the absolute last choice for you and there may be other ways around this. Bankruptcy may seem like a good option, but it really is not. Your credit is screwed for a long time and you should watch whatever puts in front of you to see if you can get out of it, or make sure you never find yourself in this place again.
2007-08-26 21:47:18 · answer #3 · answered by nowhereuare 4 · 1⤊ 0⤋
Filing for bankruptcy has its repurcussion. You need to be sure what you're entering into. It can jeophardise your future jobs, credit limits and even miggration to other countries thus it deserves serious consideration. Bear in mind that filing for bankruptcy should be your LAST RESORT.
2007-08-26 21:47:26 · answer #4 · answered by SGElite 7 · 1⤊ 0⤋
Yup, thats part of the new bankruptcy laws that have recently been implamented. I know at least in IL. I would call a bankruptcy firm just to double check in whatever state you are in. first consultation is free. see website below.
2007-08-29 15:31:39 · answer #5 · answered by Amira 2 · 0⤊ 1⤋
When ENRON filed bankruptcy did they have to take a class?
2007-08-26 21:52:50 · answer #6 · answered by jimmymae2000 7 · 0⤊ 0⤋
New laws require that people filing for bankruptcy have to have financial / budgeting education .
Lenders no longer want to subsidize people who overspend and can't budget .
If you don't prove you can budget , they will just let you keep all your debt !
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2007-08-26 21:49:42 · answer #7 · answered by kate 7 · 0⤊ 0⤋
That's true, but in some states, that class can be taken online. Ask your attorney about it.
2007-08-26 21:45:12 · answer #8 · answered by Emily Dew 7 · 1⤊ 0⤋