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Credit Counseling and Money Management Courses
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The Law Office of Charles C. Ward
(405)418-8447

     Recent changes in the bankruptcy law requires that the debtor take a credit counseling course before filing bankruptcy and a money management course before debts can be discharged.
   

Credit Counseling Course

(Pre Petition)

     The credit counseling course is designed to give you an opportunity to have your financial situation analyzed by a debt counselor before you file bankruptcy. The purpose is to provide you with options other than bankruptcy. The course and the counselors must be approved by the Bankruptcy Court. A list of approved courses and counselors are listed on the United States Bankruptcy Court's website. Many courses are offered, some in a classroom type setting, and others on line.

     The course usually takes an hour or two and requires you to provide your assets, liabilities, income and expenses. Once the course is completed, the credit counselor may give you some options to bankruptcy. This may include a suggestion that you work with your creditors to lower your interest rate and/or payments.

     Also, once the course is completed, the course provider will provide you with a certificate of completion. This certificate must be filed with your Petition.

         

    

 

Money Management Course

(Pre Discharge)

     After the Bankruptcy is filed but before a debtor can be discharged, the debtor must complete a Money Management Course. The course is designed to teach you to budget your money so that you may avoid bankruptcy again in the future. The course and the counselors must be approved by the Bankruptcy Court. A list of approved courses and counselors are listed on the United States Bankruptcy Court's website. Many courses are offered, some in a classroom type setting, and others on line.

     To get started with your pre-petition or pre-discharge course, click the below link and select "bankruptcy" under "Select Service" on the left side. Then choose "pre-filing" if you are taking the course prior to filing bankruptcy or "pre-discharge" if you have filed and are awaiting discharge.

Click here for a course provider

 
For a free evaluation, click below

 

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