QUESTION
Do I need to complete a course that includes a debt repayment plan or can I just take the credit counselling only?
Asked on Aug 13th, 2014 on Bankruptcy - California
More details to this question:
I am filing for Chapter 7 bankruptcy myself. I am about to take the pre- filing course. In in Middle District of Florida.
8 ANSWERS
You only have to do the credit counseling.
Answered on Aug 15th, 2014 at 8:42 AM
Debt Settlement Attorney serving San Diego, CA
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Law Offices of Kathryn Tokarska
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You are required to complete the pre-bankruptcy credit counseling course. Whether the agency creates a repayment plan depends on the details of your financial situation. I don't recommend filing bankruptcy without an attorney unless you know what you are doing.
Answered on Aug 15th, 2014 at 5:23 AM
You need to do both classes. Do the Financial Management course after you file, but before your Creditors' Meeting.
Answered on Aug 14th, 2014 at 7:13 PM
Family Law Attorney serving Hackensack, NJ
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The Law Offices of Stuart Jon Bierman
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Usually, there is no debt repayment plan in a chapter 7 but you do have to take a second course that has a similar name to that idea. The second course is sometimes called the Debtor Education class.
Answered on Aug 14th, 2014 at 7:13 PM
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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Only the credit counseling course is required.
Answered on Aug 14th, 2014 at 7:12 PM
You should probably check with your local bankruptcy court to see if they require a debt repayment plan. In Washington, where I am, only the counseling certificate is required.
Answered on Aug 14th, 2014 at 7:12 PM
If you are taking the pre-filing class, the decision as to whether or not you need a debt repayment plan or not is one that will be made by the company providing the class. If the credit counselor indicates that you need a debt repayment plan, you may not be eligible to file a Chapter 7...which is why proceeding into bankruptcy court without an attorney can be very expensive.
Answered on Aug 14th, 2014 at 1:12 PM
Bankruptcy Attorney serving Walnut Creek, CA
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Alan E. Ramos Law Offices
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You must take the pre-filing credit counseling course in order to file the bankruptcy petition. You must take the post-filing debtor education course in order to receive your discharge (the whole purpose for filing the bankruptcy). I recommend to my clients that they take the post-filing course within one week of the filing, so it is done and out of the way. You then must file the certificate with the court (if the course provider does not file it for you).
Answered on Aug 14th, 2014 at 12:02 PM