Fremont Bankruptcy Attorney Talks about Credit Counseling
Fremont Bankruptcy Attorney Talks about Credit Counseling
For those who don't know, the bankruptcy laws changed in 2005. One of the changes was the requirement for two debtor education classes. These classes are mandatory for the debtor’s bankruptcy to be completed. In fact, failure to take the classes results in automatic denial of a bankruptcy petition. The timing of the classes is also critical. One class must be taken before the bankruptcy is filed and the second must be taken after filing but before the bankruptcy process is completed. Failure to meet those timelines will also result in a dismissal of the bankruptcy petition.
The classes themselves are extreme informative in nature. The first class describes what a bankruptcy is about. It will give useful information such as when a debtor can file again or what debts are eligible. The second class contain helpful advice on how mange future debt. These classes were to place a learning requirement to bankruptcy and educate debtors to prevent future bankruptcies. (although in reality it has been a reason many self represented debtors have been denied bankruptcy)
The classes are not that expensive (usually under 50 dollars) and are available online. Just make sure to have a valid email address and the email address or fax number for the bankruptcy attorney so the certificate of completion can be sent. If you have missed a deadline please see an attorney right away
If you have a question regarding bankruptcy please contact Sagaria Law at 1-800-941-6730 for a free consultation or visit us at www.sagarialaw.com. Our team of Bankruptcy Lawyers can assist you with all aspects of your case. We have attorneys in San Mateo, Fremont, Salinas, Sacramento and San Jose.
