Online Bankruptcy Education is a pre-discharge bankruptcy counseling session that is required for all consumers who have filed for bankruptcy, and who have received a bankruptcy case number. You must complete either a face-to-face session, telephone session, or online session within 45 days of your “341 Meeting of Creditors” (hearing). The counseling session will help the individual understand: Budget Development, Money Management, Wise Use of Credit, Consumer Protection Laws, and Consumer Resources. A Pre-Discharge Bankruptcy Education Class, which differs from Pre-Filing Bankruptcy Counseling, is designed to help the consumer in regards to future money management and financial accountability. It will give the individual objectives to help empower them with effectively managing their money in the future and to not repeat previous financial mistakes.
In all US States, as part of The Bankruptcy Code, the court systems need debtors to effectively complete these classes or sessions and receive a Certificate of Completion. When researching for feasible online bankruptcy education classes it is imperative to think about the certification made available by the class, the price of the class itself, the range and difficulty of the information covered, and how easily it is to receive your certificate after completion.
When taking an online bankruptcy education class one of the primary considerations is whether or not your local jurisdiction court recognizes them. Typically, a bankruptcy attorney or court clerk in your area will be able to give you a list of institutions or non-profit agencies that offer accredited bankruptcy classes that are considered acceptable. Make sure that the company or agency that you choose is approved by the Executive Office of the United States Trustee (EOUST) to offer the class and issue the certificate. Use this list as a reference when you’re searching for the right class, because it will help reduce the time that is spent in trying to meet all of the bankruptcy code requirements.
After you have decided which nonprofit agency or institution to go with, look into the information provided by that company to see what the course topics will be. This is very important, because you’ll want to ensure that the coursework encompasses information that is particularly pertinent to your current situation. The course material should include general financial topics, such as budgeting, money management, understanding the correct use of credit, and consumer protection laws. For instance, if a major problem in your financial past was the irresponsible use of credit cards, then you should devote a reasonable amount of time on that specific topic. This will help ensure that past mistakes are not repeated in the future.
When looking for online bankruptcy education classes, you should consider time constraints. Many people that are going through a bankruptcy might work full-time and may even have a second job in an effort to try and get out of debt that way. If this is the case for you it is a very good idea to look into taking online bankruptcy classes that will give you access to online videos and/or recorded class sessions.
Lauralynn Schueckler is the Online Marketing Specialist at Advantage Credit Counseling Service. She is the author for Advantage CCS’s Blog called Dollars & Sense. Advantage Credit Counseling Service is a member of the National Foundation for Credit Counseling. Contact Advantage Credit Counseling at 866.699.2227, or visit them online at www.advantageccs.org.