A couple of years ago, out of sheer curiosity as to what my clients go through when they take the post-bankruptcy financial management course, I took this 2-hour course myself, and reported back on my experience in this article. I didn’t mention it in the article, but back then, and up until November 30, 2013, after completing the course, the procedure to file the certificate of completion with the bankruptcy court involved a few steps. First, the debtor had to fill out and sign the Official Form 23, which verifies that the debtor completed the course. Next, the debtor must file the certificate of completion *and* the completed Official Form 23 with the bankruptcy court.
As of December 1, 2013, this procedure has been streamlined and simplified. As explained in the bankruptcy court’s notice about the revised procedure, which you can read here, if the financial management course provider has been approved for the new procedure, the debtor no longer has to file anything with the court after completing the course. Instead, the course provider electronically files the certificate of completion with the court immediately after the debtor finishes the course. Easy, right?
The key, of course, is that the course provider is approved for this simplified procedure. The financial management course provider that I recommend to my clients, Always Lowest Price Bankruptcy Education LLC, offers the course for $7.95, and is, hands-down, the cheapest provider of this course that I know about. But they don’t yet appear to be on board with this new court procedure, as, no doubt, it would cost them time and energy to take this additional step – and they likely do everything they can to reduce their costs in order to offer the cheapest course around. And really, I don’t mind this, as it takes me just a couple of minutes to fill out and file the Form 23, and I’d rather see my clients pay less for the course anyhow!