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What is a Debtor Education Certificate in Bankruptcy?

Under the changes to the bankruptcy code in 2005, any individual seeking to obtain a bankruptcy discharge must complete a “debtor education class.” The intent of this class is to assist bankrupt debtors to live within their means, so that they do not end up in a bad financial situation again. It takes about two hours to complete. The U.S. Bankruptcy Trustee’s Office maintains a list of approved vendors for this class.

Once you take this class (which can be done online, on the phone, or in person, depending on the vendor you choose), you receive a certificate of completion.

What Do You Do With the Certificate?

In New Jersey, the debtor must then sign a separate form certifying to the completion of the program, which is then filed with the court. In a chapter 7, this must be done within 60 days of your meeting with the trustee.

In a chapter 13, it must be taken prior to the completion of the plan of repayment. If you do not, your case will be closed without a discharge.

Have More Questions?

If you are looking for more information about bankruptcy, then download my free book,Top Questions People Ask About Filing Bankruptcy in New Jersey.

If you live in southern New Jersey and have not yet filed bankruptcy, please feel free to call me at 856-432-4113 or contact me through this site for a free consultation in my Woodbury office to discuss your case.

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