When a person files for bankruptcy protection, they need to complete a few important requirements established by the courts. In particular, educational requirements are a common part of personal bankruptcies. There are two primary educational mandates that need to be fulfilled. The first is completed before a person files. A person needs to fulfill the second during the bankruptcy process, allowing them to have debt discharged.
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After a debtor has worked through the preliminary steps of their bankruptcy case, they should begin working on fulfilling whatever else the court has asked of them. In particular, debtors need to consider attending a mandatory debtor education class sooner rather than later.
The following requirements need to be met for this debtor education session:
These classes are supposed to cover some important financial management skills to help debtors avoid finding themselves on the same path again in the future.
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