|
Author: D. Lex Article source: http://www.directlex.com/. Used with author's permission.
Bankruptcy credit counseling is a requirement of the new bankruptcy law effective October 17, 2005. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires court approved bankruptcy credit counseling to be completed by debtors prior to filing for bankruptcy within the 180 days immediately preceding the filing of a bankruptcy petition.
The new requirement for bankruptcy credit counseling prior to filing for bankruptcy may be completed by internet credit counseling, phone credit counseling, or group or individual credit counseling at specific, court approved bankruptcy credit counseling agencies. Under the new bankruptcy law, the U. S. Trustee's Office is responsible for approving bankruptcy credit counselors. The U. S. Trustee's Office may approve a nonprofit budget and credit counseling agency or an instructional course concerning personal financial management if the nonprofit budget and credit counseling agency meets certain stringent requirements set forth in the law.
The new bankruptcy law has made filing bankruptcy more difficult than ever before. The new bankruptcy law was fueled by credit card companies and their high powered lobbyist who wanted to make it harder for debtors to wipe out credit card debt. Bankruptcy credit counseling has been seen by many bankruptcy attorneys as an attempt to delay a debtor from seeking protection in the bankruptcy court. The delay may be just enough time for a creditor to obtain a judgment or collect garnishment funds.
Most bankruptcy lawyers are finding out that the telephonic method of counseling is the easiest for debtors to complete in a hurry. Most telephonic counseling can be completed in about 1 hour.
The maximum amount any bankruptcy credit counseling agency can charge for counseling is set by law. No bankruptcy credit counseling agency can charge more than $50.00 for the credit counseling. Once bankruptcy credit counseling sessions have been completed, debtors are given a certificate of completion from the credit counseling agency to be filed with the bankruptcy court upon filing of the debtor's bankruptcy petition. BankruptcyHelpOnline.org is the bankruptcy resource solution that makes bankruptcy under the new bankruptcy law easy to understand. For a complete list of court approved bankruptcy credit counselors, visit BankruptcyCreditCounselors.com.
Invest In Your Health! Excerpt taken from Dr. John's newest report on preparing for the bird flu.
Thought Field Therapy (TFT) "...Thought Field Therapy is a noninvasive treatment that is effective for elimination of emotional distress. Helfpul for PTSD (Post Traumatic Stress Disorder),...
Two Pillars of a Successful Web Site The success or otherwise of your site is underpinned by two questions: 1. Do you have absolute clarity as to the purpose of your site, and is this purpose refle...
British Families and Debt There is current concern from the Bank of England that British families are getting deeper into debt, however, it has been said that lenders are putting themsel...
Is Your Life Coach Manipulating You? Five Signs to Watch For A good and benevolent life coach will respect the fact that your life belongs to you. She will guide and support, she will uncover options you may not have seen...
Blue Cheese Omnivorous What you have is a colorful and healthy salad for the human omnivore. Most every need of nutrition is encompassed in this attractive dish that goes well with re...
Search Engine Algorithm Quandaries Before you make drastic changes to your website after a rocky search engine update, take time to study your web server logs, changes in traffic to your site, an...
Intelligent Design comes from Brand & Account Planners Politicians use more and more consumer intelligence, a euphemism for research
mixed with brand strategy. Why is a death tax so much more something to rally
ar...
Compliments - A Very Powerful Dating Tool! Giving a compliment can be a very powerful tool when dating women. Of course, too many compliments can also make you look desperate and needy. There needs to be...
Marriage Advice: Ten Ways to Add Romance to Your Marriage Every marriage needs a healthy dose of on-going romance to add spice, delight, and fun to the relationship. It's not enough to just start out with a sizzling ro...
How to Crate Train Your Puppy By far crate traing has been the most successful way to housebreak your puppy. Crate training has many other benefits as well such as for traveling and and a pl...
Choosing the Right Size for Your Dog Dog fashions are all the rage and have become quite affordable for anyone and everyone to enjoy with their dog, but not everyone knows the best ways to find the...
The Two Greatest Myths About Abdominal Exercises If you have ever read a fitness magazine...
Secrets of Growing Killer Tomatoes Tomatoes have always been my favorite garden vegetable to grow and to eat. I have had success with the other standard garden vegetables, such as cucumbers, bell...
10 Greatest Puppy Training Tips of All Time If I knew then what I know now. K9 Magazine is proud to offer these pearls of wisdom, plucked from the knowledge banks of the many dog behaviour experts and tra...
My Concept From my own personal experiences with relationships I believe in a concept that I have been working with, at least in my mind's eye, which is to give generously...
Suicide in the Church Part 2 This is part 2 of Pastor Michael's 3-part series on Suicide in the Church. The series was featured in Pastor Michael's hometown newspaper after a string of suic...
Can a Yoga Prop Help Prop Up Your Practice? Discover how using a yoga prop can help you get the most out of the poses and deepen your practice.
What Are the Best Small Business Opportunities? Instead of focusing on finding the best small business opportunities, it is important to understand the level of effort and time that will be spent on that busi...
Get Lost Have you ever felt lost or confused? Sometimes you feel as though you don't recognize your surroundings and feel as though you don't know where your life is he...
Prepare for Winter Before It Arrives Even though we are still enjoying warm weather and winter seems far away, now is a great time to begin preparing. If you do a bit at a time before winter hits t...
Rearrange Your Affairs For Maximum Tax Savings One way to maximize your business profits is by reducing your taxes.
Frequently, income and other taxes could be lowered significantly if
only the taxpayer wer...
Angel Connection – How the Angelic Realm is Interacting with Humanity at this Historic Time Angels, those divine beings of love and light, are here at this time in greater numbers than ever, to assist mankind in their evolution.
How To Help A Sick Team Become Healthy How to fix a team that is full of animosity, has fragmented interpersonal relationships, mistrust and infighting. Part of the "Ask the Team Doc" Q&A series.
|