Bankruptcy Relief

Finance Management Class


Financial Education Class required by the U.S. Bankruptcy Court 

Debtor education is a mandatory course that individuals must take after filing for bankruptcy and before receiving a discharge of their debts. 

 

The purpose of debtor education is to teach financial management skills and strategies to help debtors avoid future financial problems and make the most of their fresh start.

 

Debtor education benefits both the debtors and the creditors by reducing the likelihood of repeat filings, increasing the repayment of debts, and improving the financial literacy and behavior of the debtors 34.

 

The goal of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, was to prevent abuse of the bankruptcy system, protect creditors’ rights, and ensure that debtors receive the relief they need .

 

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