A post bankruptcy course is a test that one takes after filing for bankruptcy. You can take this course from online resources or through the mail. This course serves the purpose of debtor education. It assists one to know how to conduct personal financial management.
This course ensures that you have understood what caused your bankruptcy and the actions you can take to ensure that it does not happen again. It also ensures that you understand the consequences of filing for bankruptcy. This course has a number of features. It takes 2 hours to complete. You can take the course in one sitting. However, the law advises that you take it a bit at a time to ensure that you understand it. If you begin the course, make some progress and then log off, you can resume from where you left off next time you log back in.
Thus, you can answer the questions in the course as you learn all about post-bankruptcy at your own speed.
This post bankruptcy course costs only $20 to take. Also, one cannot fail this course.
You must pass it. If a married couple files for bankruptcy together, then they can also take this post bankruptcy course together. On the other hand, they can take it individually. After completing this course, one is awarded a legally recognized certificate. It is emailed to you after you complete the course successfully. The post bankruptcy course is available to take all day every day of the week. All you need to do is long into the Internet and visit the website where you can take your course. After that, simply begin and excel. If you have trouble accessing the Internet, you can complete this course via regular mail.
Qualities of this course
If you live in the United States of America, you must ensure that you take this course from an agency that qualified by the Office of the U.S. Trustee. To find out the approved agencies in your area, you can simply visit www.justice.gov/ust. When there, navigate to Consumer Information and click on Credit Counseling & Debtor Education. Each course must be two hours or more in length. In addition to that, the course must cover the material that is required by the qualifying office. There are a number of activities that you should do after completing the course.
When you finish the post bankruptcy course and get your certificate, file an Official Form 23. It is done with the court. This file officially recognizes that you have finished this course successfully. It is often helpful to consult a lawyer as you go through these processes.
Qualities of bankruptcy
This is a process that is conducted in the federal court. It helps people and businesses to eliminate debt. It also helps them to repay the debts under the supervision and protection of the bankruptcy court. Also known as liquidation or reorganization, there are 2 general types of bankruptcy. These are Chapter 7 and Chapter 13 bankruptcy. In the Chapter 7 bankruptcy, you make a request to the court to wipe out any debts that you owe. On the other hand, in the Chapter 13 bankruptcy, you file a proposal in the bankruptcy court of how you plan to pay back your debts. The post bankruptcy course is taken by individuals who have filed both types of bankruptcy.