Category Archives: Chapter 13 Bankruptcy
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The U.S. Bankruptcy Code requires debtors to participate in a pre-filing credit counseling session and a subsequent pre-discharge debtor education course. The U.S. Department of Justice (DOJ) maintains a list of credit counseling and debtor education agencies that are approved by the U.S. trustees in the Northern District of Georgia. Some agencies approved for Georgia… Read More »
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Provisions of Section 341 of the Bankruptcy Code Section 341 of the Bankruptcy Code is titled meetings of creditors and equity security holders and contains the provisions for conducting this court hearing. Because it is governed by section 341, the hearing is often called a 341 meeting. The hearing is scheduled to occur 30-45 days… Read More »
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The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 instituted a credit counseling requirement for debtors filing for bankruptcy protection. Credit counseling agencies sprang up quickly on the heels of this law to provide a service that was suddenly in hot demand. Many of these agencies jumped on the recession bandwagon to offer debt… Read More »
