| Home > Credit Counseling Requirement For
Bankruptcy What
are the Mandatory Credit Counseling Requirements for
Bankruptcy?
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The
Bankruptcy Abuse Prevention and Consumer
Protection Act of 2005 added a credit counseling
requirement to personal bankruptcy (Chapter 7 and
Chapter 13). Now, in order for an individual to
file for personal bankruptcy, that individual
must attend a counseling session offered by a
nonprofit credit counseling group. This course
must be taken within 180 days prior to the date
of the bankruptcy filing. In addition, the new
bankruptcy laws require the person filing for
personal bankruptcy to complete an instructional
course on financial management.
If you are planning on filing for either Chapter
7 or Chapter 13 bankruptcy, you can locate a list
of approved credit counseling agencies by
visiting this website: http://www.usdoj.gov/ust/eo/bapcpa/ccde/cc_approved.htm
Also, for additional credit counseling and debtor
education information, you should visit the
following website: http://www.usdoj.gov/ust/eo/bapcpa/ccde/index.htm |
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