Remove pre-bankruptcy-credit-counseling
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Why is credit counseling crucial before filing for bankruptcy?

Roths Child Law

Are you contemplating filing for bankruptcy? If so, you should be aware of a critical pre-filing requirement: credit counseling. While it may not be the first thing that comes to your mind when you’re in need of bankruptcy, it’s important to acknowledge its relevance.

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Do You Have to Get Debt Counseling Before Bankruptcy?

Sawin & Shea

Filing for bankruptcy is a process. As part of that process, the bankruptcy law requires that you get a certificate that evidences you did a pre-filing counseling session with an approved agency. Debt counseling (also called credit counseling) is required before you can declare bankruptcy.

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Debtor Education Course After Filing for Bankruptcy

Sawin & Shea

Medical bills, credit cards, payday loans, and struggling businesses – it can seem like the letters and calls from creditors will never stop. Bankruptcy filings for both individuals and businesses are on the rise. Since 2005, a debtor education course from an approved provider is mandatory for anyone who files for bankruptcy.

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Why do you need to attend credit counseling before bankruptcy?

Roths Child Law

Fortunately, personal bankruptcy can help get a fresh start by either discharging or restructuring your debts. bankruptcy laws, however, is to help individuals acquire better money management skills. State Department of Justice before kick-starting the bankruptcy process. One of the goals of the U.S.

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Stephen Sather Publishes New Article “Courts Find Obstacles to Limited Representation in Consumer Cases”, ABI Journal (August 2023), p. 32.

BN Lawyers

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) added new responsibilities for consumer debtors. These include pre-petition credit counseling, satisfying a means test for above-median debtors, and post-petition financial education. appeared first on Barron & Newburger, P.C.

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Top 10 Changes to Consumer Bankruptcy Proposed in the Consumer Bankruptcy Reform Act of 2020

Collection Industry News

proposed sweeping legislation that would overhaul consumer bankruptcy law. The proposed changes generally make it easier for consumers to access the bankruptcy system and discharge their debts. Below is a discussion of 10 critical changes proposed in the Consumer Bankruptcy Reform Act of 2020 (CBRA). No More Credit Counseling.

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Tenants in Bankruptcy: Landlord’s Ability to Draw on Letter of Credit May Turn on Notice Requirements in Lease

PBWT

As retail and other tenants fall further behind on rent and other obligations, lessors are finding themselves drawn into more and more Chapter 11 bankruptcy cases. Yet, while it may not always feel that way to them, landlords actually have it better than most creditors in bankruptcy.