Personal financial responsibility counseling

{
  "id": "MLC-T-LAW-003731",
  "term": "Personal financial responsibility counseling",
  "field": "Law",
  "definition": "A mandatory educational session for individuals filing for bankruptcy, designed to provide guidance on managing finances and avoiding future debt. This counseling covers budgeting, money management, and the responsible use of credit. Debtors must complete an approved course from a credit counseling agency within 180 days before filing for bankruptcy, as required by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.",
  "url": "https://mlchart.com/terminology/law/personal-financial-responsibility-counseling/"
}