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Debtor Education Course After Filing for Bankruptcy

Sawin & Shea

Since 2005, a debtor education course from an approved provider is mandatory for anyone who files for bankruptcy. Debtor education classes provide customized guidance based on your unique circumstances. Since then, bankruptcy filers have been required to take both a bankruptcy credit counseling course and a debtor education course.

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Why do you need to attend credit counseling before bankruptcy?

Roths Child Law

For this reason, any person declaring bankruptcy (Chapter 7 or Chapter 13), must sign up for a pre-bankruptcy credit counseling and debt education program before their petition can be approved. While credit counseling happens before formally filing for bankruptcy, debtor education happens after filing but before your debts can be discharged.

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5 Common Bankruptcy Myths and the Truth Behind Them

Debt Free Colorado

At the Law Office of Clark Daniel Dray (debtfreecolorado), you can be sure that a bankruptcy attorney will inform and educate you about the myths about bankruptcy in Littleton, CO. A planned foreclosure or repossessed property can be prevented right away with either a Chapter 7 bankruptcy or a Chapter 13 bankruptcy.

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Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

In addition to the fees you will pay to courts and your attorney, you will also incur fees for court approved financial education courses you must successfully complete to have your debts discharged. Protect secured debt (home and car) from default to avoid a repossession or foreclosure. Take advantage of payment waivers.

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Chapter 13 Bankruptcy Dismissed. Can I Refile?

Sawin & Shea

Removal of your automatic stay protection : You’ll no longer have protection from your creditors, potentially leaving you vulnerable to wage garnishment, debt collection lawsuits, repossessions, and foreclosures. That said, filers cannot discharge all of their debts through Chapter 13.

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10 Reasons You Were Rejected for Credit

Credit Corp

OpenSky provides credit tips and a dedicated credit education page on our website to support you along the way. Collections accounts, bankruptcies, foreclosures, and repossessions are all examples of negative public records that could impact your score. Card Details +. Derogatory public record or collection filed.

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How To Remove FCO Collections From Your Credit Report

Better Credit Blog

While you’re researching, take the time to educate yourself on the Fair Debt Collection Practices Act , a law made to protect you from shady and threatening collection attempts. Foreclosures. Repossessions. It also has provisions to help ensure accurate reporting, which we’ll cover below. Hard inquiries. Identity fraud.