Why is Online Credit Counseling Certificate Mandatory Before You File for Bankruptcy?

One of the pre-filing requirements of bankruptcy involves obtaining a certificate of successfully completing a credit counseling course with a government approved counseling organization. You can take up the credit counseling certificate class prior to filing. Time is naturally of essence in filing for bankruptcy protection and if you have not completed the counseling sessions your filing can be delayed; so it is advisable that you do not wait up to the last minute to take up bankruptcy class.

Credit counselors are immensely helpful since they accurately recommend going into counseling to discuss budgeting and financial planning options before your debts grow too large. Credit counseling course is available online and you can easily take the opportunity to start your online bankruptcy class. The main objective of credit counselor is to have the client understand that there are numerous things they can do to avoid bankruptcy. The customers can opt for a second job to help pay off debt, sell their assets or economize to drive smaller vehicle.

Despite the fact that bankruptcy can seem like the single solution to relentless debt problems, it is seen that long term effects of bankruptcy are worse. After a consumer files bankruptcy the bankruptcy, law requires that all debt collection calls, mails and attempts to communicate with debtors are stopped. Apparently once a bankruptcy petition is successfully filed in the court consumer must immediately inform and tell the collectors of the same.

According to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 people who plan to file for bankruptcy protection must get credit counseling from a government-approved organization within 180 days before they file. Individuals filing for bankruptcy must complete a debtor education course to have their debts successfully discharged. There are approved organizations by the Department of Justice’s U.S. Trustee Program which offers the needed credit counseling and debtor education.

Now you can take pre filing bankruptcy classes as well as pre discharge bankruptcy classes online. MyOnlineBankruptcyClass.com is a non-profit organization which offers both the Pre-Filing Bankruptcy Class (Credit Counseling Class) and the Pre-Discharge Bankruptcy Class (Debtor Education). The courses are approved to provide the required Credit Counseling Certificate and debtor education course. These courses for both Pre-Filing Credit Counseling and Pre-Discharge Debtor Education are offered by MyOnlineBankruptcyClass.com through the Internet. As convenience is key to getting this course done, the debtor is able to save on gas, driving, and time by simply going to the site and starting their Bankruptcy courses immediately online at MyOnlineBankruptcyClass.com.

LC Kerby - About Author:
LC Kerby is an author of MyOnlineBankruptcyClass ; Visit the site (http://www.myonlinebankruptcyclass.com/) for more information about bankruptcy classes.

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