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Intuitive Step-by-Step Bankruptcy Our process counseling building a credit easy, and we online here to bankruptcy via live chat credit phone. In both counseling, an Online certified credit counseling will credit available to online you through bankruptcy process or to provide specific advice about your financial situation. To ensure that you and your attorney receive the certificate of completion, it is your responsibility to ensure that the contact information provided for you and your attorney is correct. Take our pre-file credit counseling course to receive a certificate of completion in compliance with the Bankruptcy Code. Assistance in developing a plan to respond to problems without incurring negative amortization of debt.
Bankruptcy Credit Counseling
To credit that you and credit attorney receive the certificate of bankruptcy, it is your counseling to ensure that the online information bankruptcy for you and counseling attorney is bankruptcy. Important Factors to Consider Online Filing Bankruptcy The pre-filing bankruptcy process includes credit making on an attorney, the type of bankruptcy you intend to file, the timing for filing and gathering proof online your counseling. We might disclose debtor information to the United States Trustee in connection with the United States Trustee's oversight of DebtorCC, or during credit investigation of complaints, during on-site visits, or during quality of service reviews. Ready to Start? Refund requests counseling after 4 months after the initial purchase online will not be granted.
The Benefits of Online Credit Counseling
It covers areas like budgeting, responsible use of credit, money management and dealing with financial emergencies. There are deadlines for filing the certificate for post-bankruptcy education depending on which type of bankruptcy is involved. For Chapter 7 cases, it must be filed within 45 days after the creditors meeting. For Chapter 13, it must be filed no later than the date of your last payment in the repayment plan or the date of the filing for the motion for a discharge.
Obviously, you need to choose an agency approved by the federal government. That leaves a lot of options. Credit counseling might seem like just one more hoop to jump through on the road to getting your finances in order. But remember: It might give you the tools to avoid bankruptcy in the first place or having to go through this again in the future.
His interest in sports has waned some, but he is as passionate as ever about not reaching for his wallet. Bill can be reached at bfay debt. Advertiser Disclosure. Pre-Bankruptcy Credit Counseling. How to Choose a Nonprofit Credit Counseling Agency Obviously, you need to choose an agency approved by the federal government.
Some questions to ask these organizations before making a choice include: What services do you provide? Can you help me create a strategy to avoid future debt? What do your services cost? A regular income is required to secure a Chapter 13 repayment plan, which usually lasts three to five years.
Approved by the U. Trustees, InCharge issues Bankruptcy Code-compliant certificates for required pre-filing counseling and pre-discharge education. If you file for bankruptcy, you must attend a Pre-Filing Credit Counseling session. After filing, you must complete Pre-Discharge Debtor Education before your bankruptcy is finalized. InCharge offers both of these educational courses. Armstrong, C. Irby, L. Joseph, M. Skip to Content. Pre-file Credit Counseling. How It Works The first step any consumer should take when considering bankruptcy is to determine whether they qualify for it.
Expenses such as mortgage or rent payments, food, insurance, childcare, utilities, and transportation. Your checkbook could help calculate your expenses. List of debts owed, such as statements for credit cards, student loans, auto loans, and loans against a k retirement plan.
Important Factors to Consider Before Filing Bankruptcy The pre-filing bankruptcy process includes decision making on an attorney, the type of bankruptcy you intend to file, the timing for filing and gathering proof of your debts.
Pre-Bankruptcy Planning Tips Before filing for bankruptcy, make a list of your assets to determine which are considered exempt protected and non-exempt unprotected. Here are some ways to do that: If you own stocks that are not part of your exempt retirement plan, you could sell them and apply the money to your mortgage. Sell an expensive car you own that has significant equity.
Move your savings and checking accounts to a different bank. If either account is at the same bank as your car loan or credit card, the bank can use the money to pay down the balance owed on the date you filed bankruptcy. Stop automatic payments from your bank account. This allows the money to be used for living expenses. Choosing who to repay and who not to repay.
If you intend to use money or property to settle some debts before filing for bankruptcy, you should treat all creditors equally. If you show a clear preference in who you paid before filing, the bankruptcy trustee could come back and take back all or part of the money.
While your credit card debt will be discharged when you file, using a credit card to pay for a vacation may be regarded as defrauding the system. Give away property or repay debts to relatives or friends at least one year before filing for bankruptcy. You are considered solvent when your assets exceed your liabilities.
Chapter 13 Bankruptcy Chapter 13 bankruptcies are debtor reorganization proceedings that encourage the consumer to repay as much of the debt as possible. Yes we do. The bankruptcy credit counseling course provided by DebtorCC. This course is approved in all districts of Alabama and North Carolina by the Bankruptcy Administrator.
The course is not timed. As long as you complete the course and speak to a credit counselor, you will be provided a certificate of completion.
The first bankruptcy course will cover money management, budgeting, budget counseling, and a review of your net worth. There will also be a discussion of the factors that led to your financial difficulty and suggestions on how to overcome your financial difficulty.
If you log off the pre-filing bankruptcy credit counseling without completing it, our website will remember where you left off once you log back in. You can finish the course at your own pace. The course is available 24 hours, 7 days a week. This first bankruptcy course is a no-fail course — you cannot fail it. As long as you complete the online portion of the course and speak to a credit counselor during regular business hours of Monday - Friday 9am to Midnight EST, you will have successfully completed the first bankruptcy course and you will receive a certificate of completion.
A copy of the course material will be available for download upon completion of the course. You will then see a link to download the full course material. We do not sell, trade, or otherwise transfer to outside parties your personally identifiable information.
We may release your information when we believe releasing it is appropriate to comply with the law, to enforce our site policies, or protect ours or others rights, property, or safety. The information provided to us during the course is used only to provide you with the pre-filing bankruptcy counseling service. The information will not become part of your bankruptcy case.
We use Authorize. All payments will be made over a secure encrypted connection so credit card numbers and private details cannot be stolen in transit.
This is as secure as online ordering can be. To request a refund, send an to support debtorcc. Please be sure to include your first name, last name, last 4 digits of your social security number, and a reason for requesting a refund.
Credit counseling online
We will only provide a certificate of completion once the debtor has completed the online portion of the course and speaks to a counselor.
The counselor will discuss: a. Analysis of current financial situation; b. Factors that caused such conditions; c. Assistance in developing a plan to respond to problems without incurring negative amortization of debt. Our counselors are certified by the Partnership for Financial Education.
The counselors at DebtorCC that will be providing your bankruptcy credit counseling briefing are experienced and trained professionals that have received in-depth training in our program.
They are skilled at helping you understand the materials presented and help you apply the new skills in your life. Each counselor has experience in accounting, financial planning, credit counseling, or personal financial management.
The counselors at DebtorCC may answer general questions about bankruptcy but are prohibited from providing legal or tax advice. If you require legal or tax advice, please seek the assistance of an attorney or tax professional. Our policy prohibits us from paying or receiving referral fees for the referral of debtors.
The sole source of funding for DebtorCC comes from clients that take the credit counseling course. To ensure that you and your attorney receive the certificate of completion, it is your responsibility to ensure that the contact information provided for you and your attorney is correct. You are solely responsible for ensuring that you and your attorney receive the certificate of completion in a timely manner. We might disclose debtor information to the United States Trustee in connection with the United States Trustee's oversight of DebtorCC, or during the investigation of complaints, during on-site visits, or during quality of service reviews.
No information gathered or the results of the Credit Counseling session will be disclosed to any Credit Reporting Agency. The completion of this credit counseling session will not negatively impact your credit rating. However your credit report or score may be negatively impacted by filing bankruptcy or choosing an alternative to bankruptcy that results in you making less than the contractual payments to your creditors.
Such alternatives may include, but are not limited to, debt management, debt settlement, making partial payments of the amount due, or non-payment. You have the opportunity to negotiate an alternative payment schedule or debt management plan DMP for your unsecured debt. We do not provide this service. We may refer you to another approved agency that provides this service.
You may incur additional fees in connection with a debt management plan. The United States Trustee has neither reviewed nor approved any other products or services provided by DebtorCC to debtors. All the course material is presented online and is included in the above fee.
This fee also includes any fees associated with generation of the certificate - we do not charge an extra fee for that service. This fee will be the same for all approved judicial districts.
We only ship to the 50 US states and Puerto Rico. These fees will be the same for all approved judicial districts. DebtorCC will determine your eligibility for a fee waiver during registration by asking you to input your household income, family size, and selecting the state where you reside. You will be required to complete our fee waiver request form and a determination will be made within 72 hours and you will be notified via email.
For fee waiver requests received on Friday after 6pm EST, the determination will be made on the following Monday. If you are eligible and the above partial fee waiver factors do not apply, you will receive a full fee waiver. The fee waiver only applies to the pre-filing bankruptcy credit counseling course fee.
The fee waiver does not apply for any upgrades or any other products or services offered by DebtorCC. Your card will be authorized for the full amount of your purchase at the time of your order. This may cause an immediate reduction in your funds or increase in your credit line, even if your order is later canceled, as the credit and debit card issuing banks release authorizations at their discretion. Your credit or debit card is generally charged upon receipt of your order. To obtain a full refund of fees paid to DebtorCC, you may send an email to support debtorcc.
You may only request a refund after you have made payment and before a certificate of completion has been generated. The certificate generation date and time are stamped on the certificate. Once a certificate of completion has been generated, there will be no refund granted. A refund requested within 4 months of the initial purchase date will be granted in the same form of payment used to pay for the course. If you paid with a credit or debit card, the funds will be credited back to the same credit or debit card used for payment — please allow at least 72 hours for the credit to be processed.
The credit will reflect on your account depending on the timeframe set by your credit card or debit card company. Refund requests made after 4 months after the initial purchase date will not be granted. Changes to the Services, Accounts, and Pricing. The Company reserves the right at any time and for any reason to suspend, discontinue, terminate or cease providing access to the Services or any part thereof, temporarily or permanently, and whether in its entirety or with respect to individual territories only.
In the case of any temporary or permanent suspension, discontinuation, termination or cessation of access, we shall use its reasonable endeavors to notify registered users of such decision in advance. We may change the features of any type of account, may withdraw or, or introduce new features, products or types of account at any time and for any reason, and may change the prices charged for any of its Services from time to time. In the event of any increase in the price or material reduction in the features of your Account, such change s will be communicated to you.
We will provide notifications of the proposed changes by email to the then current email address that we have on record. You will have no obligation to continue using the Services following any such notification, but if you do not terminate your account, your continued use of your account will constitute your acceptance of the changes to your account.
If you purchase the optional service of receiving a hard copy of the certificate via USPS First Class mail, we will mail the certificate based on the following schedule:. Purchases made at or after 12pm EST will be mailed the following business day. If a mailing date according to the above schedule is a holiday, the certificate will be mailed the next business day. As we cannot control when USPS will deliver the certificate, if you need the certificate immediately, please download the certificate from your account.
DebtorEdu does not charge an additional fee for this service. This service is available in all jurisdictions except New Hampshire and Guam. This service is available only for the second bankruptcy course at Debtoredu. Once DebtorCC receives your request, we will create an Attorney Portal Account for your law firm and email you a confirmation.
No certificate will be filed outside of these regular business hours. DebtorEdu will file the certificate within 1 business day of course completion. Similarly, if a certificate is amended or re-generated, DebtorEdu will file the updated certificate within 1 business day. Certificates scheduled to be filed on these days will be filed by DebtorEdu the next business day.
As such, it is very important that you advise your clients to input your email on the Attorney Information page on our website so we are made aware that their certificate should be filed. Similarly, if you have been assigned an Attorney Billing code and the client inputs that code during payment, their certificate will be marked to be filed.
If your emails change, it is your responsibility to notify us of the updated email addresses. By using this service, you understand that DebtorEdu will file every second bankruptcy course certificate associated with your law firm with the Bankruptcy Court. If you do not want DebtorEdu to file a specific certificate, it is your responsibility to provide written notice. Once a certificate has been filed, you will receive notice directly from the Bankruptcy Court, at the email address that the court has on file for your law firm.
If you do not receive this email, it should put you on notice that the certificate has not been filed. DebtorCC does not guarantee that every certificate will be filed accurately by DebtorEdu. If you choose to terminate this agreement, you must provide notice of termination in writing. DebtorCC and DebtorEdu reserves the right to terminate this service agreement at any time by providing written notice.
DebtorCC provides attorneys that opt-in to the attorney billing program a unique attorney billing code. The attorney billing code may be used on the website to pay for the course fee. If you have been provided an attorney billing code by your attorney and authorized to use it, you may only use the attorney billing code one time.
You may not share or publish the attorney billing code. The attorney billing code only applies towards payment of the pre-filing bankruptcy credit counseling course fee. If you select any upgrades or choose to purchase any other products or services from DebtorCC, the attorney billing code may not be used towards the purchase. Bankruptcy records are public information and may be provided to anyone that makes a request with valid information and pays the required fee.
The fees charged by DebtorCC are for the service of obtaining and sending the bankruptcy records. We do not modify the bankruptcy records in any way. We do not guarantee that the records will be accepted or considered valid for any purpose. We reserve the right to deny this service or refuse to provide records to any user. In such case, if payment has already been made, a full refund will be granted. Once the records are provided, there will be no refunds. The records will be considered provided when we obtain the records and send them to you by email to the email address provided during purchase.
If you are blocked by another user, you agree to not attempt to contact them on DebtorCC either from the account you were blocked from or any other account.
The Services and its entire contents, features, and functionality including but not limited to all information, software, text, displays, images, video, and audio, and the design, selection, and arrangement thereof are owned by DebtorCC , its licensors, or other providers of such material and are protected by United States and international copyright, trademark, patent, trade secret, and other intellectual property or proprietary rights laws.
The agency issues you a Certificate of Credit Counseling as proof that you took the course and you must present the certificate when filing for bankruptcy. Everyone filing for bankruptcy must take the credit course, regardless of what chapter of bankruptcy you file for.
This is entirely different than the pre-bankruptcy credit counseling. It focuses on financial management, how to budget and other things you need to know to manage your debt successfully. The first step any consumer should take when considering bankruptcy is to determine whether they qualify for it. Some financial problems are better handled through debt management programs , debt settlement or even a consolidation loan.
You should also understand that bankruptcy is a legal status. A judge rules on it, deciding whether the evidence you present means you are unable to pay the debts you accumulated.
You file for it, make your case in front of a judge and hope the judge grants you a fresh start. The counselor will review the documentation and go over payment options and other alternatives to bankruptcy.
For example, counselors may help you create a budget , or offer tips for handling auto loan delinquencies. They may offer other options such as debt management programs to deal with credit card debt.
The pre-filing bankruptcy process includes decision making on an attorney, the type of bankruptcy you intend to file, the timing for filing and gathering proof of your debts. Here are things to think about before making a decision. Do you need an attorney or not? Filing for bankruptcy without an attorney is called filing pro se. There were 38, Chapter 7 bankruptcy cases filed pro se in About two-thirds of them — approximately 25, — resulted in a successful discharge.
Filing for Chapter 13 bankruptcy is more difficult. Being successful by representing yourself in a Chapter 13 filing is close to zero. Of the , Chapter 13 cases filed in , only 26, filed without an attorney. Only of those — 1. Do you want to file Chapter 7 or Chapter 13? They can keep possessions that are exempt and get a new start by discharging or forgiving most of their unsecured debts — credit cards, personal loans and medical debt. Chapter 13 bankruptcy is meant for people with enough assets and income to repay all or most of their debts through a repayment plan.
Consider the timing of your bankruptcy. A successful bankruptcy case discharges only the debts that exist on the day you file. If you expect to have continuing medical costs, for example, you might want to wait until all costs are in.
Similarly, if you just had a windfall of money like a tax return or inheritance, it might be best to wait before filing. You calculate your income for the last six calendar months and see how it compares to the median income for your state. You also could qualify if your disposable income — the amount left after subtracting reasonable monthly expenses from monthly income — does not meet certain standards. Start gathering proof. Bankruptcy is a legal proceeding so any claims you make about expenses or income must be backed up with paperwork.
InCharge Debt Solutions can help with credit counseling and preparing a budget. Before filing for bankruptcy, make a list of your assets to determine which are considered exempt protected and non-exempt unprotected. You may want to consult an expert in bankruptcy law to review them.
Generally speaking, you are best served by liquidating non-exempt assets and using whatever cash you have available to pay down exempt assets. This is legal as long as the money is used for reasonable living expenses like mortgage, food, transportation or utilities. Be careful not to cross the line to conceal assets. Fraud, theft and lies are not tolerated well in bankruptcy proceedings.
Creditors can ask a judge not to discharge a debt — or even all the debts — if the creditor believes there was abuse involved with it. Pre-bankruptcy planning can be the difference between having a bankruptcy filing approved or denied. Pre-file counseling can help you decide if bankruptcy is the right option for you. Online bankruptcy education offers the assistance of a Certified Financial Counselor to help you build an accurate picture of your financial situation.
A credit counselor at InCharge can provide pre-file counseling to help you create a budget, analyze your debt, and come up with an action plan to deal with debt or decide if you should file for bankruptcy. Chapter 13 bankruptcies are debtor reorganization proceedings that encourage the consumer to repay as much of the debt as possible.
Credit you help me online a counseling to credit future debt? Bankruptcy are not required to accept any suggestions or bankruptcy made by credit counselingbut online required to participate in what usually is a minute session. A live counselor will be available during this time to answer any questions. Addresses listed for internet and telephone credit counseling agencies may be outside the requested state or judicial district. Approved by the U. Here are some commonly asked questions and answers!