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What To Do If You Miss The 45 Day Deadline For Bankruptcy's Required Personal Financial Management Class

Posted By Allmand Law Firm, PLLC || 15-May-2017

The bankruptcy process entails far more than simply filing a petition and obtaining a discharge of your debts. Among the many steps needed to complete the process, you will be required to take a financial management course and present a certification of completion in order for you to get the bankruptcy discharge and begin rebuilding your financial health.

At Allmand Law Firm, PLLC, we know that many clients who come to our firm lack familiarity with the bankruptcy proceedings; and for good reason. They are not lawyers, and most have never filed for bankruptcy before. This is why we make it a point to educate our clients about what is required of them during their legal journey, and why it is important to ensure they meet all applicable deadlines, especially when it comes to personal financial management.

Under the U.S. bankruptcy code, you will be required to take a Personal Financial Management course within 45 days of filing for bankruptcy (under either Chapter 7 or Chapter 13). The course must also be conducted by a provider that is approved by the U.S. Trustee. This is an essential component of your pre-discharge duties, and it should be made a priority. In some situations, exceptions may be made so that a bankruptcy filer does not have to complete a debtor education course. These exceptions include not having a course available in one’s district, having a disability that prevents one from taking the course, or being on active military duty.

Our Dallas bankruptcy lawyers have worked with enough clients over the years to know that things happen, unforeseen circumstances can arise, and other issues can cause one to forget or miss the 45-day deadline for the debtor education requirement. If you the 45 day limit passes, our legal team can help you evaluate your options. Missing the deadline may not be the end of your bankruptcy, especially if the case is still open and you have time to take the course and submit a certificate of completion.

If your bankruptcy case was closed before you could complete the Personal Financial Management course most judges will allow a debtor to reopen a bankruptcy case for the purpose of filing the certificate. There's usually a fee to reopen the case, around $200; but it's worth every penny to get your bankruptcy discharge.

Taking the right steps from the outset of a bankruptcy case, and taking immediate action when issues arise, is the most important thing you can do. Don’t wait to learn more about your options, debt relief, and how our legal team at Allmand Law Firm, PLLC can help by requesting a FREE financial empowerment session.

Contact us today to get started!

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