Charlotte Bankruptcy attorney Bryan W. Stone answers the question: “What are the pros and cons of bankruptcy?”
Former pop star Aaron Carter appears to be following the path laid out for him by a federal bankruptcy court and is now moving closer to having his debts wiped out. Carter officially field for bankruptcy in October of last year and has now finished one more step in the process of moving forward with a clean financial slate.
It was revealed in a court filing that Carter, who is only 26 years old, has completed the required pre-discharge debt classes that bankruptcy filers must all go through before the bankruptcy can be discharged. The court documentation says that Carter completed his personal financial management course in December of 2013.
Carter’s specific class, Start Fresh Today Instructional, was completed online from the comfort of his home. The class was a short course that dealt with the challenges of financial management. It included tips about budgeting and creating a financial plan that will work after Carter emerges from bankruptcy protection.
The course completed by Carter is actually the second class he has had to take as part of his bankruptcy filing. The reason is that bankruptcy courts require all debtors to first undergo a pre-bankruptcy credit counseling class and a pre-discharge education course. The credit counseling class must be completed and proof must be included when the debtor first files for bankruptcy.
The pre-discharge course must be completed before the bankruptcy process can be officially completed and evidence must be submitted to the trustee overseeing your bankruptcy case. These pre-discharge courses include information about how to manage money, how to use credit responsibly and how to develop a budget that will keep you from experiencing similar money problems in the future. This course typically lasts about two hours and usually costs between $50 and $100, though the fee can be waived if you cannot afford to pay.
Now that Carter has completed his required course the process can continue moving forward. When Carter filed last year his bankruptcy papers said that he had assets of approximately $9,000 and liabilities of more than $2 million. Of his debt, over $1 million was owed to the IRS.
If you find yourself needing the services of a Charlotte, North Carolina bankruptcy attorney, please call the skilled lawyers at Arnold & Smith, PLLC today at (704) 370-2828. As professionals who are experienced in the bankruptcy arena, our attorneys will provide you with the best advice for your particular situation.
About The Author:
Bryan Stone is a Partner with Arnold & Smith, PLLC where he focuses his practice on all aspects of bankruptcy, including: Chapter 7, Chapter 11, Chapter 13, home loan modifications and landlord tenant issues. Originally from Macon Georgia, Mr. Stone attended the University of Georgia for a BBA in Banking and Finance and went on to Wake Forest to earn his law degree. After law school Mr. Stone relocated to Charlotte where he has become quite involved in many local organizations. He is currently the Chair of “Bravo!” the young professionals organization of Opera Carolina, he also founded the UGA Alumni Association of Charlotte. In his spare time he enjoys perfecting his BBQ skills for the annual “Q-City BBQ Championships” and playing softball with the Mecklenburg County Bar Softball League.
“Aaron Carter Completes Debt Classes Following Bankruptcy Filing,” by Amber Ryland, published at RadarOnline.com.
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