Monthly Archives: September 2015

How to Choose the Best Personal Financial Management Course

Bankruptcy case filings can be really complicated and tough. You have to deal with a lot of things and thus you should have a detailed knowledge about everything. When it comes to bankruptcy you have to make sure that considering the eligibility and other issues are very much important. So having a full knowledge on the bankruptcy process is quite essential. You can opt for the personal financial management course for better knowledge on this process.

Personal Financial Management Course

                    Personal Financial Management Course

Choosing the Right Course

It is very much important to choose the right course for learning about the bankruptcy. It is natural that the decision for filing for bankruptcy is not that easy. But having a proper knowledge can be helpful for you and that should be the main goal of any financial management course. There are some of the factors that you need to look for before choosing the right course for yourself. These are –

– Great Counseling: The professional counselors who are there to provide education on bankruptcy in the personal financial management course should be well experienced and knowledgeable. This will definitely help you a lot to get a lot of knowledge about bankruptcy and how to file a case and other important things.

– All Solutions: You need to have clear solutions for everything. With the help of the personal financial management guide you will be able to get all the possible and effective solutions to your matter. This is something very important as you may face a lot of problem during bankruptcy and finding out the right solution is very much important.

– Affordable: There are a lot of courses available but make sure that you choose the best and most affordable one for yourself. Even check whether or not the course is reliable as spending money on a course which is not helpful at all is a sheer waste of money.

– Answers All Your Queries: You have to check the reviews to get an idea whether or not the course is able to answer all your queries. All the answers must be given to your answers and that is why you have to choose the course very carefully.

The best personal financial management course can be really very helpful. It is always recommended to keep a track on your financial records and keep a check on your expenses. This is very important as this will never ever lead to bankruptcy. This is the best way to avoid any kind of hassles and issues. But even if you face any problem then the best way to get rid of that situation is to take the course and ask the experts for help.

First of all the first and foremost thing that you have to know before filing the bankruptcy is the eligibility of filing. There are a lot of things related to the eligibility of filing a bankruptcy. So, a professional counselor or expert can explain you the details about this eligibility criteria. You will know whether or not you will be able to file a case. Later you can ask for more information on how and what to do next for filing.

Post Filing Bankruptcy Course

The bankruptcy law requires every person who wishes to file Chapter 7 or even Chapter 13 to take a post filing bankruptcy course and get a credit counseling certificate before filing. The course is offered with an aim of assisting bankruptcy filers to learn about the many available bankruptcy alternatives. Actually, credit counselors have not changed their filing rates too much and only a few people who go through the mandatory credit counseling are able to avoid bankruptcy filing. But nevertheless, you will have to get a counseling certificate before filing for bankruptcy.

Once you have filed for bankruptcy, you must also take another course. This course is known as the personal financial management course and is designed with an aim of offering the best guidance regarding to money management and budgeting. Most credit counselors offer the course through the phone or even online but there are some who offer the course in a live class. Often, this course will take between 45 minutes and 2 hours after which you will get a certificate valid for only 180 days. There are credit counselors who will charge you between $85 and $50. Mostly, they will charge a joint fee for both the husband and wife. This financial management course typically costs between $10 and $50.

Personal Financial Management Course

If you think that bankruptcy is the best option, you should consider taking post filing bankruptcy course and then get the credit counseling certificate. Any time you face a filing emergency but you cannot get a counseling session, you will have to wait before filing for the bankruptcy.

The bankruptcy law wording also suggest that you must not file on the same day that you obtain the counseling. The issue is yet to be settled. To be safe you should take the course and also get the certificate prior to the actual filing day.

After filing, you should get your management course certificate soonest. The court clerk will have to sign the certificate. And if your case closes before filing the financial management certificate, you won’t receive a discharge. You will have to reopen the case to get your financial management certificate field.

Most people consider taking their post filing bankruptcy course by phone or through the internet. You will have to take the debtors education course after filing for the bankruptcy case and after you first meet your bankruptcy trustee and the creditors. The meeting is also referred to as section 341 meeting of Bankruptcy code. After filing the petition for bankruptcy, you will have to do what the bankruptcy plan requires you to do or file for the motion for discharge entry.