Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

personal financial responsibility counseling

Read a random definition: area variance

A quick definition of personal financial responsibility counseling:

Personal financial responsibility counseling is a class that someone who owes money (but not a business) has to take within 60 days after a meeting with the people they owe money to. The class teaches people how to manage their money better. Only certain people can teach the class and give a certificate that says the person took the class. The person has to give the certificate to the court before they can stop owing money.

A more thorough explanation:

Personal Financial Responsibility Counseling

Personal financial responsibility counseling, also known as personal financial management class, is a course that an individual debtor must complete within 60 days after the 341 Meeting of Creditors to receive a discharge of debts. This counseling is only available to individual debtors and not business debtors. The counseling must be provided by an approved counselor or educator listed on the U.S. Trustee Program's list. Once completed, the counselor will issue a certificate of credit counseling completion, which the individual must file with the bankruptcy court before discharge.

An example of personal financial responsibility counseling is a course that teaches individuals how to manage their finances, create a budget, and avoid debt. Another example is a counseling session that helps individuals understand the consequences of bankruptcy and how to rebuild their credit after bankruptcy.

For instance, if an individual files for bankruptcy, they must complete personal financial responsibility counseling to receive a discharge of their debts. The counseling will help them understand how to manage their finances and avoid future debt. Once completed, the individual will receive a certificate of credit counseling completion, which they must file with the bankruptcy court before discharge.

personal effects | personal guardian

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
LSD+ is ad-free, with DMs, discounts, case briefs & more.