Better known as pre-discharge Debtor Education, it’s required by the US Bankruptcy Code to be completed before your bankruptcy is discharged. This is a course about personal finance that will teach you strategies that will help you stay financially healthy.
The course will teach you the essential money management skills you need to manage your finances including:
- How to set manageable financial goals
- How to create and stick to a budget
- How to adjust your expenses
- How to increase your income
- How to manage a checking account
- The importance of savings and what to use it for
- How to rebuild your credit
- How to protect yourself and your family from identity theft
The post-filing debtor education course begins with a pre-test that assesses how much you know about finances. There is no pass or fail with this: it’s simply there to expose some incorrect notions that you may have about how to effectively manage your finances. The next sections detail the financial management topics that will help you avoid having to file for bankruptcy in the future. They all conclude with a quiz to check your progress.
Finally, there is an open-book post-test that covers all the material. Once you are finished, you receive another certificate that your bankruptcy attorney will file with the court.