In 2005 Congress made changes to the bankruptcy code; in particular they added two mandatory courses which must be taken prior to filing bankruptcy and prior to being discharged. The purpose of the pre-bankruptcy course is to inform consumers of their options and ensure bankruptcy is the correct option for them. Once the consumer determines bankruptcy is the correct option, they are required to complete a pre-dicharge course which provides necessary financial management skills.
Only approved agencies may offer these mandatory courses in the United States, and as such, they tend to cost consumers $50 to $100 per course. DebtorCC.org is changing that by offering consumers the ability to complete these mandatory course for only $9.95 over the Internet. The consumer completes the same requirement set forth by the bankruptcy law, but is able to reduce the cost by doing it online.
For more information please visit: http://www.debtorcc.org