Why Bankruptcy Credit Counseling Course Is Mandatory?
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We all know that one of the pre-filing requirements of bankruptcy is that the person who is filling for it needs to obtain a certificate of successful completion of the Credit Counseling Class with a government approved counseling organization. As ‘Time is the real of essence everything’, one must take up the credit counseling classes prior to filing in order to avoid unnecessary delays and troubles. The Bankruptcy Credit Counseling Class does not teach any debtors about - how to file for bankruptcy; in fact there involved a very small section of the class that deals with bankruptcies and types of bankruptcies. Now, you must be thinking as to why it is necessary or mandatory then to attend this Bankruptcy Credit Counseling Course. Here are reasons:
It is essential to seriously attend and complete the Bankruptcy Credit Counseling Course to have your debts successfully discharged. Besides this, one of the purposes of pre-filing bankruptcy classes is to take the debtor through the process of thorough examination about their financial situation with the help of pre-filing counselor. This process includes examining their earnings, household expenses, their debts that have been incurred and their monthly obligations.
On this information, the expert credit counselor undertakes a thorough budget analysis and then tries to find other alternatives that may be available, instead of filing for bankruptcy. The main objective of credit counselor is to make their client understand that there are numerous things they can do to avoid bankruptcy, through this Bankruptcy Credit counseling class.
Upon the successful completion of this pre-filing counseling class, a certificate of completion will be issued to the candidates. This certificate of completion is essential to proceed to the next step of filing for bankruptcy. After this, debtors are required to take the pre-discharge education class that teaches them how to take care of their credit, save money, manage debt, etc.
Thus, this online credit counseling course is an interactive class. Candidates can complete this course within 90 minutes (approx.) from the comfort of their homes. One can also attend this online credit counseling course at their leisure and there is no need to finish the complete session only in one sitting. Today, there are so many approved institutions available on internet providing this online Credit Counseling course and certificate. One for instance is available at www.myonlinebankruptcyclass.com.
For more information about Bankruptcy Pre Discharge Course visit; http://www.myonlinebankruptcyclass.com/
It is essential to seriously attend and complete the Bankruptcy Credit Counseling Course to have your debts successfully discharged. Besides this, one of the purposes of pre-filing bankruptcy classes is to take the debtor through the process of thorough examination about their financial situation with the help of pre-filing counselor. This process includes examining their earnings, household expenses, their debts that have been incurred and their monthly obligations.
On this information, the expert credit counselor undertakes a thorough budget analysis and then tries to find other alternatives that may be available, instead of filing for bankruptcy. The main objective of credit counselor is to make their client understand that there are numerous things they can do to avoid bankruptcy, through this Bankruptcy Credit counseling class.
Upon the successful completion of this pre-filing counseling class, a certificate of completion will be issued to the candidates. This certificate of completion is essential to proceed to the next step of filing for bankruptcy. After this, debtors are required to take the pre-discharge education class that teaches them how to take care of their credit, save money, manage debt, etc.
Thus, this online credit counseling course is an interactive class. Candidates can complete this course within 90 minutes (approx.) from the comfort of their homes. One can also attend this online credit counseling course at their leisure and there is no need to finish the complete session only in one sitting. Today, there are so many approved institutions available on internet providing this online Credit Counseling course and certificate. One for instance is available at www.myonlinebankruptcyclass.com.
For more information about Bankruptcy Pre Discharge Course visit; http://www.myonlinebankruptcyclass.com/