The debtors additionally must finish a management that is financial course once they seek bankruptcy relief.

Bankruptcy Abuse Prevention and customer Protection Act of 2005: The Bankruptcy Abuse Prevention and customer Protection Act of 2005 (the “BAPCPA”), that was enacted on April 20, 2005, requires all debtors that are individual seek bankruptcy relief on or after October 17, 2005 to endure credit counseling within 6 months ahead of filing. Read More