top of page
  • Writer's pictureDaniel Rodriguez

Why a bankruptcy certificate matters so much

How hard is it to get a bankruptcy certificate? Everyone’s experience is subjective. Generally speaking, the bankruptcy certificate isn’t difficult to earn. The tricky part for some may be making sure they know what they need to do. The pre-bankruptcy credit counseling will likely take one to two hours and cost under a hundred dollars. This is a personalized counseling session. It will connect you with someone to help you understand your finances in the past, where you’re going and help you confirm that filing bankruptcy is the right decision for you. The certificate from this session will be good for 180 days. The debtor education course is similar in that it will take approximately two hours of your time and cost one hundred dollars or less. Take this class after filing for bankruptcy. Discharging your debts happens after receiving the bankruptcy certificate from this class. The class will focus on budgeting and finance tips for your future after bankruptcy. Timing is important for these classes, but they aren’t too difficult to take. If the cost of them is prohibitive, you can request a waiver for the fees. Once completed, you’ll have a bankruptcy certificate and be one step closer to completing the legal process.

0 views0 comments

Recent Posts

See All

Discharging Students Loans is Possible in a Bankruptcy

Student loan debt has become a massive burden for Americans, and it's only worsening. An estimated 44 million people in the United States carry student loan debt, with an average balance of over $35,0

The common signs a business might go bankrupt

Early indicators of potential bankruptcy High debt, low cash flow: When a business has a lot of debt and needs more money coming in, it can cause problems with creditors or tax debt. This can result i

What are adversary proceedings?

What situations call for adversary proceedings? According to FRBP 7001, the following circumstances could necessitate adversary proceedings: Recovering money or property Determining the priority, exte

bottom of page