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What are the financial counseling and education requirements under the bankruptcy law?

April 26, 2017Bankruptcy counseling Education financial Law requirements

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What are the financial counseling and education requirements under the bankruptcy law?

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Financial counseling and education is mandated by the Bankruptcy Code. Prior to filing for bankruptcy, individuals are required to receive a briefing from an approved non-profit budget and credit counseling agency. Prior to completing the bankruptcy process and receiving a discharge, individuals are required to complete a course on personal financial management.