Approved Debtor Education Course Offers Recovery after Bankruptcy

Bankruptcy

AMES, Iowa -- Individuals filing for personal bankruptcy can turn to Iowa State University Extension and Outreach for the education that is required during the bankruptcy process. “Financial Success: Recovery after Bankruptcy” is available through the national eXtension website, www.extension.org, at a cost of $20 per person.

 As a result of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, anyone filing for personal bankruptcy has been required to participate in a two-hour educational workshop before the bankruptcy is discharged. The online workshop is designed to help participants strengthen their financial management skills to prevent future problems.

“While dealing with bankruptcy may build awareness and motivation to take control of your finances, the skills, tools and strategies for being in control do not appear out of nowhere,” said Jan Monahan, an ISU Extension and Outreach family finance specialist.

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