Debtor Education

One of the most annoying parts of the new bankruptcy law is the requirements for pre-filing counseling and pre-discharge debtor education. My wife and I recently spent two hours doing an online pre-discharge debtor education that is required before our bankruptcy will be discharged and our debts relieved. The law requires two hours of training, to be done in person, on the phone, or online. To be honest, there really was nothing there that we found beneficial in any way.

I guess they have no idea what level of education a person has who has filed for bankruptcy. So they've written the training for the lowest common denominator.

Either way, it's done, and we should be only a matter of weeks away from getting a fresh start. There are many places to get this online training, but we chose Springboard, a non-profit consumer counseling company, because they had the best prices and the easiest to use website. In fact, for people returning to them to complete the debtor education after using their service for the pre-filing counseling, they offer a $20 discount. And, while many counseling agencies charge both spouses in joint filings, Springboard charges one low rate for both.

It was essentially painless, though time consuming.