Wednesday, February 15, 2012

Filing bankruptcy: What are the new required classes?

I am a bankruptcy attorney in Phoenix ($995/Chapter 7), and changes to federal bankruptcy law in 2005 added a requirement that people filing for bankruptcy must take two required classes. Fortunately, these classes are inexpensive, easy, and may be taken quickly online. The first is the credit counseling class, which I've found for as cheap as $5 online. This class must be taken prior to filing, and takes at least a few minutes depending on which provider you use. The second class is a financial management class, which I've found for as low as $10 or $12.50 for a married couple. It is a timed test that lasts for one hour. You input information about your finances and the courses will provide you with feedback. They are not difficult at all. The bankruptcy court does not see the results of your classes, they will simply receive an affidavit later indicating that you took them. Relief to know they're not that onerous eh?

The Alexander Bankruptcy Law Firm provides low low cost Chapter 7 and 13 personal bankruptcies. $995 Chapter 7 or $2500 Chapter 13 bankruptcies plus court filing fee. Free consultation with a compassionate attorney who will handle your case personally. Call 24/7, available to meet with you around your schedule. 602-910-6812. Conveniently located in Central Phoenix along the Camelback corridor.

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