Recently on our bankruptcy forum a user asked, “I have completed all the requirements for my bankruptcy filing. Now I find out that I have to complete a Pre-Discharge Debtor Education Course. I am wondering why I have to do this and why the government makes everyone jump through so many hoops to file for bankruptcy protection.”
For many Americans the idea of living debt free is simply a dream, something they only hoped to experience. Whether it’s personal loans, car payments, mortgage payments, school loans, or credit card balances, most Americans owe thousands of dollars in unsecured and secured debt obligations. Recently on our bankruptcy forum a user asked, “I am sick and tired of living paycheck to paycheck. Will filing bankruptcy help me live debt free?”
If you are like 54% of Americans you’ve likely given some consideration to the changes you need to make in your personal finances in 2014. If you’ve filed bankruptcy this is the perfect time to make a budget and financial plan and start to do the right things to get yourself back on sound financial footing.