To file bankruptcy in the United States, you must first complete a debtor education course as part of the U.S. Bankruptcy Code requirements. The debtor education course teaches you how to be financially successful after your bankruptcy case is over. The course is intended to inform you of personal management skills to keep you out of financial difficulties in the future. The counselors will discuss with you if bankruptcy is necessary or other options available to you to relieve your financial stress.
You will receive a large amount of information regarding money management, budgets, using credit wisely, and how to deal with future money issues that could come up. During the course of your bankruptcy, you will be required to take a second debtor education course that will teach you how to stay out of bankruptcy in the future.
The course must be approved by the U.S. Trustee Office. Failure to check the website can get your certificate disqualified if you use an unapproved vendor. You can attend the debtor education courses online, in person, over the phone, and in audio and video formats. The course lasts less than two hours and generally costs under $25. If you have a disability or are active duty, you may be exempt from taking the debtor education course before filing it.
The debtor education course must be completed for you to receive a successful completion and discharge of your debt. If you have more questions about this course, or if bankruptcy could relieve you of your financial stress, contact a Dallas bankruptcy attorney today.