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A:
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. 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.
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Have more questions about bankruptcy? Get the answers to the most frequently asked questions by downloading my free book, Top Questions People Ask About Filing Bankruptcy in New Jersey. It will give you the answers you need all in one place. Then call me at 888-857-8418 or contact me through this site for an appointment for a free consultation to discuss your case.