One of the requirements that was instituted in bankruptcy cases in 2005 was the need for debtors to take two separate “classes” as part of their bankruptcy case. These classes can be completed through private companies specifically designed for the purpose of offering them. They typically cost between $25 to $40 to complete. The first class is called the “credit counseling class”, and it is supposed to be completed before the bankruptcy case is filed.
It can be done over the phone, or on the internet, and it typically takes about 45 to 60 minutes to complete. Once it is finished, the debtor and the attorney are provided with a completion certificate. This certificate is filed with the court when the case is filed. Basically, the debtor is asked a series of questions about his or her income and expenses.