Alternative Dispute Resolution Academy

As per the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), consumers who would like to receive a discharge of a Chapter 7 or Chapter 13 bankruptcy are required to complete a personal financial management session with an approved counseling provider.

After you file for bankruptcy, but before you can receive a discharge in Chapter 7 or Chapter 13 bankruptcy, you must complete a course in personal financial management (also called the predischarge debtor education course).
The purpose of the debtor education course is to teach you how to manage money and use credit wisely after bankruptcy. If you don’t complete the debtor education requirement, the court won’t issue a discharge in your bankruptcy.

This is NOT AN APPROVED Course / Provider by U.S. Trustee’s Office.

This course can be taken by mediators for CME recertification credits – 3.5 CME.

As per the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), consumers who would like to receive a discharge of a Chapter 7 or Chapter 13 bankruptcy are required to complete a personal financial management session with an approved counseling provider.

After you file for bankruptcy, but before you can receive a discharge in Chapter 7 or Chapter 13 bankruptcy, you must complete a course in personal financial management (also called the predischarge debtor education course). The purpose of the debtor education course is to teach you how to manage money and use credit wisely after bankruptcy. If you don’t complete the debtor education requirement, the court won’t issue a discharge in your bankruptcy. Read on to learn more about the debtor education course requirement in bankruptcy.

Who Must Take the Debtor Education Course?

With a few exceptions, all Chapter 7 and Chapter 13 bankruptcy debtors must complete a course in debtor education before they can receive a discharge. (Learn more about the exceptions to the debtor education requirement.)

In general, you must complete the debtor education course unless:

  • you have a disability or incapacity that prevents you from taking the course
  • you are on active duty in a military combat zone, or
  • you don’t have an adequate debtor education course available in your district (this is a very rare occurrence).

Course Curriculum

Debtors Education – Course Introduction 00:03:00
Your pre-bankruptcy financial management course consists of 5 modules that will provide financial and money management guidance as you go through the process of filing bankruptcy.
Debtors Education – Module 1 00:41:00
Identify a short-term and long term financial goal In this module we will focus on personal budget development. This will include setting short-term and long-term financial goals, as well as developing skills to assist in achieving these goals; calculating gross monthly income and net monthly income; identifying and classifying monthly expenses as fixed, variable, or periodic.
Debtors Education – Module 2 – Money Management 00:33:00
In this module we will build on the skills from module 1 and help you refine your budget by applying money management principles. This module will cover: keeping adequate financial records; developing decision-making skills required to distinguish between wants and needs, and to comparison shop for goods and services; maintaining appropriate levels of insurance coverage, taking into account the types and costs of insurance; and saving for emergencies, for periodic payments, and for financial goals.
Debtors Education – Module 2 Cont. – Planning, Budgets and Assets 00:45:00
Personal Money Management and Goals
Debtors Education – Module 3 – Wise Use of Credit 00:23:00
By the end of this module you will successfully identifying the types and sources of credit, calculate the costs of credit and loans, identify debt warning signs and how to reduce your risk, learn how to check your credit rating
Debtors Education – Module 4 – Consumer Information 00:14:00
By the end of this module you will be able to successfully identify public and non-profit resources for consumer assistance, identify applicable consumer protection laws and regulations, public and private services for debt assistance. This module will teach you about resources that are available to you as well as your rights as a consumer.
Debtors Education – Module 5 – Unexpected Financial Crisis 00:25:00
Identify alternatives to credit use Create an action plan for emergencies Public and private services for debt assistance Verification that you have taken the pre-bankruptcy course

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