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