Attending a Credit Counseling Class is Necessary to File for Bankruptcy
Transcript:
Hi, Matt MacArthur at Clear Counsel Law Group, here to speak to you about one of the requirements of filing for bankruptcy. One of the recent questions that was submitted to our firm was, "Do I have to take a class before I can file for bankruptcy?" The answer is, yes. There is a requirement for all individuals who wish to file for bankruptcy that must be completed before we can actually file or start the case. That is a credit counseling course from an accredited agency must be completed before we file the case.
It's a fairly simple straight forward class. It typically lasts about an hour. You are able to take this session online. I've seen the prices of this class range from anywhere between $8 to $40 or $50. The quality in the different classes may vary from different agency. If it were me filing for bankruptcy, I would probably just go with whatever the easiest, cheapest option was that's allowable by the court. Once this class is done, you'll have satisfied the requirements to complete the course, and there will be a certificate issued to the individual that took the class. That certificate has to be filed with your case in order for the bankruptcy to ultimately be successful.
This is Matt MacArthur giving you a little bit more insight as to the requirements of filing for bankruptcy. If you're thinking about filing bankruptcy, please come see me, and I'll take care of you. See you soon.
