CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Does Bankruptcy Credit Counseling Work?

Bankruptcy Credit Counseling Tampa, Florida.Bankruptcy credit counseling helps you emerge from bankruptcy understanding credit management.

People filing for bankruptcy must take two courses regarding credit and bankruptcy. The bankruptcy court requires these courses before granting the bankruptcy discharge. Your debt obligations stand until you provide proof to the court that you completed bankruptcy credit counseling and your other education obligations.

Both Chapter 7 and Chapter 13 filers must take the courses. The only difference is someone in Chapter 13 has longer to complete the courses.

How do these courses help you and what do you need to know?

Pre-Bankruptcy Credit Counseling Requirement

This course is taken before completing your bankruptcy filing. The overall goal of this course is to ensure you understand bankruptcy and that you truly believe it is the right option for you. It protects you against predatory bankruptcy practices and helps you make an educated decision about filing.

You must take a course approved by the US Trustee’s office no more than 180 days before you file. At the end of the course, you receive a certificate of completion that you provide to the court with your bankruptcy paperwork. If you haven’t completed the course by the time you file, you’ll have 15 days to do so.

The course helps you determine if you really “need” bankruptcy and helps you create a repayment plan for your debt without bankruptcy. Essentially, you’re determining in the course if you can afford to deal with your debt without bankruptcy.

Keep in mind, there’s no requirement to adhere to the repayment plan the course proposes. You must submit the repayment plan with your bankruptcy documents. However, even if repayment is feasible, you can still file for bankruptcy. You’ll likely be encouraged to file for Chapter 13 instead of Chapter 7 and you might only qualify for Chapter 13. However, you receive many of the same benefits with Chapter 13, so don’t worry if you’re told Chapter 7 isn’t an option.

There’s usually a reasonable or sliding fee for this course. Your attorney can help you find a course and submit the paperwork when you file for bankruptcy.

Debtor Education Course

The debtor education course is a post-bankruptcy course that helps you complete your case. In this course, you learn tips for creating a budget and rebuilding your credit.

Like the credit counseling course, you must show proof to the court that you completed the course. Proof must be filed within 60 days of your 341 Meeting of Creditors.

This course ensures that you are ready to emerge from bankruptcy and make a fresh start. It’s an obligation to complete bankruptcy, but it also provides useful information you can implement in your post-bankruptcy life. Many people find they enjoy this course because it prepares them for what’s ahead. Some consider it graduation from bankruptcy and a bridge between their bankruptcy life and their new, empowered approach to managing their finances.

If you’re considering bankruptcy but the course requirements are holding you back, we can help. Bankruptcy is a commitment. You must do your part. But in the end, almost everyone is happy they filed for bankruptcy because doing so turned their financial lives around.

You can learn more about what the US Bankruptcy Court has to say about the courses here.

For more information or to speak to someone about filing for bankruptcy, contact the Law Office of Robert M. Geller at 813-254-5696.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Are Medical Issues Forcing You Into Bankruptcy?

Many Americans wind up in debt because of medical bills. One of the most common reasons for filing bankruptcy in...
Read More

Law Offices of Robert M. Geller, P.A. Congratulates Danielle Austin For Receiving the Patriot Award from the United States Department of Defense

Award Recognizes Support of Guard and Reserve Members Who Work for the Organization Tampa, Florida, June 29, 2021 – The...
Read More

Is Your 401k or Other Retirement Savings at Risk in Bankruptcy’s Liquidation of Assets?

If you’ve spent years saving for retirement, putting that money at risk when you file for bankruptcy is likely one...
Read More

Tips to Help You Protect Your Assets When You File for Bankruptcy

One of the most intimidating aspects of filing for bankruptcy is protecting your assets. Worrying about whether bankruptcy puts their...
Read More

How Does Bankruptcy Affect Vehicle Ownership? What Assets Can You Keep through the Bankruptcy Process and Does It Affect Your Car?

Many people struggling financially avoid filing for bankruptcy because of concerns about losing important assets like their vehicles. The good...
Read More

Is There a Legal Way to Hide Assets When You File for Bankruptcy?

Filing for bankruptcy can be an overwhelming experience. The relief you receive when you file helps you feel better about...
Read More

Do Bankruptcy Trustees Take Your Savings? What is Considered an Asset in Bankruptcy and How Does It Affect the Money You’ve Saved?

Bankruptcy trustees gain access to a variety of your assets when you file. But what is considered an asset in...
Read More

Can Filing for Bankruptcy Help You Protect Your House?

fiHow filing for bankruptcy affects your home is one of the greatest concerns people have when they consult with bankruptcy...
Read More

Should I Refinance a Student Loan I Can’t Discharge in Bankruptcy?

Student loan debt is overwhelming many people. Could refinancing be the answer to help you avoid bankruptcy if your student...
Read More

Can Student Loan Consolidation Help You Avoid Bankruptcy?

One of the most common questions people have when they consider bankruptcy is “can student debt be discharged in bankruptcy?”...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo RG Seal

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions