How long is the credit counseling course for bankruptcy?

How long is the credit counseling course for bankruptcy?

approximately 60-90 minutes
How long is the course? The pre-filing credit counseling course takes approximately 60-90 minutes to complete. The post-filing debtor education course takes a minimum of 2 hours to complete (by law).

What is pre-filing bankruptcy course?

Pre-filing bankruptcy counseling involves a thorough review of your current finances, including your debts, assets, and income. There is also important information about the filing process and potential impact of filing for bankruptcy. Within 24 hours of completing counseling you will receive your certificate.

Is InCharge org safe?

Is it safe to use InCharge Debt Solutions? Yes. InCharge is accredited by the Better Business Bureau, Association of Independent Consumer Credit Counseling Agencies, and the National Foundation for Credit Counseling. InCharge also encrypts your personal and financial details with SSL protection.

What does InCharge Debt Solutions do?

InCharge Debt Solutions helps consumers get out of debt through credit counseling and debt management plans (DMPs). They also offer bankruptcy courses and counseling. Debt management plans let you consolidate and pay down debt by making just one debt payment each month instead of several.

How much does bankruptcy credit counseling cost?

The agency offering the credit counseling must be approved by the U.S. Trustee Program office. The session must take place within 180 days before filing for bankruptcy. The counseling fee is about $50, and you can ask for the fee to be waived if you can’t afford it, or to pay it in installments.

How long is a certificate of credit counseling good for?

180 days
The certificate is valid for 180 days, meaning that you will have up to 180 days to file for bankruptcy. Wait longer than that and you will have to retake the pre-filing counseling.

How much does InCharge cost?

The average monthly fee at InCharge is $33. If you decide to enroll in a debt management program, most agencies will charge a one-time set-up fee up to $75, though this can vary by state.

What are debt relief programs?

Debt settlement programs typically are offered by for-profit companies, and involve them negotiating with your creditors to allow you to pay a “settlement” to resolve your debt — a lump sum that is less than the full amount that you owe.

What are debt solutions?

There are various options that exist to help you deal with your debt problems. These include bankruptcy, debt relief orders, debt management plans, administration orders, debt consolidation and Individual Voluntary Arrangements (IVAs).

How long is a credit counseling certificate good for?

The certificate is valid for 180 days, meaning that you will have up to 180 days to file for bankruptcy. Wait longer than that and you will have to retake the pre-filing counseling.

What is credit counseling course?

A credit counseling certificate is also known as a bankruptcy certificate. If you file for bankruptcy, you must obtain certificates at two stages of the process: When you file for bankruptcy. After you file for bankruptcy but before your debts are discharged.

Is incharge debt solutions bankruptcy approved?

Yes, InCharge Debt Solutions is approved to issue certificates evidencing completion of personal financial management instructional counseling sessions in compliance with the Bankruptcy Code. Approval does not endorse or assure the quality of a provider’s services. What forms of payment do you accept? Payments are accepted online or over the phone.

What is the debtor education course?

The debtor education course is taken after you file for bankruptcy but before your case is discharged. You must enroll in a course offered by an agency that is approved by the Office of the U.S. Bankruptcy Trustee.

Can I take pre-discharge debtor education courses online?

Pre-discharge debtor education must be completed within 60 days after your first meeting with creditors for Chapter 7 bankruptcy. For Chapter 13 bankruptcy, you must complete the course before making your final payment. Can I take the two education courses online? Yes. They are available online, in person or over the phone.

Is bankruptcy the best debt relief option for You?

Bankruptcy isn’t always the best debt relief option. InCharge Debt Solutions can help with credit counseling and preparing a budget. InCharge’s nonprofit debt consolidation program can reduce credit card debt by helping you lower interest rates and consolidate payments.