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Bankruptcy: Do I have to take a course before I file?

A common question asked is whether or not a client needs to take a course before they can file for bankruptcy. The answer is yes.

However, and this is a big however, this course is not something that needs to be taken in person. All of our clients here at Russell, Tighe & Alexander take an online course, which they can take on their desktop, laptop, tablet or phone. This course takes about 60-75 minutes and if you are one of our clients, the cost is included in our fee of $999. Once you complete the course you will receive a certificate that is valid for 6 months.

Now what exactly does this course cover? The course teaches money management skills to help Debtors. It covers areas like budgeting, responsible use of credit, money management and dealing with financial emergencies. This course is very helpful for individuals that want to brush up on their financial literacy skills.

Now, we fully understand that not everyone that files for bankruptcy does so due to poor money management. We get it. Divorce, injury, illness, death, loss of employment, and sometimes bees (yes, we have seen it) can put situations out of your control, and give you no other choice out. Unfortunately, those individuals have to take the same course as well.

If you have any further questions on this course, or you want to speak with an experienced bankruptcy attorney, give us a call at (616) 920-0555, or use the form below.