Affordable Bankruptcy Courses Blog

When Will the Government Shutdown End?

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government-shutdownPresident Obama, in a media briefing October 8, tried to pressure the GOP to accept a short-term increase in the nation’s debt limit and a reopening of the government while budget talks proposed by House Republicans continue to take place. The President warned of the risk of “a very deep recession” if the government shutdown continued and the debt limit wasn’t increased.

Continued Stalemate in Congress

For their part, House Republicans are calling for face-to-face negotiations with Democrats and the President. Meanwhile House Republicans had planned to vote on legislation that would set a framework for budget talks. Senate Democrats were planning to introduce a debt-ceiling bill to extend the borrowing authority of the U.S. through 2014, after mid-term elections take place. Senate Majority Leader Harry Reid stated that Democrats would negotiate with House Republicans if House Republicans first agreed to end the shutdown and increase the debt limit.

The effect of the shutdown so far on stocks has been that the Dow Jones Industrial Average has been down by nearly 160 points for the past week. The rate the government pays to borrow for a month rose to its highest level in 5 years. Investors are worried about the possibility of the U.S. defaulting on its debt. Dire consequences are predicted if the debt ceiling isn’t raised: home values could fall while the cost of borrowing could rise.

We Make the Bankruptcy Process Simple and Affordable

If the government shutdown is having a negative impact on your finances, you may need to consider if bankruptcy is an option for you. You must complete two required courses in order to complete your bankruptcy: one before you file for bankruptcy and one after you file for bankruptcy. These courses are required if you file for Chapter 7 or Chapter 13 bankruptcy. The credit counseling course must be completed within 180 days before filing for bankruptcy and the debtor education course must be completed after filing for bankruptcy. Both of these courses must be provided by agencies approved by the U.S. Trustee Program. Two states, Alabama and North Carolina, do not come under the U.S. Trustee Program. In these states, courses must be approved by Bankruptcy Administrators.

We offer both the pre-filing credit counseling and the pre-discharge debtor education course at affordable prices. The first credit counseling is only $15 per household and the second debtor education course is only $19 per household. If you have already filed for bankruptcy you must complete the debtor education course before the bankruptcy court will discharge your debts and complete your bankruptcy.

We have partnered with Advisory Credit Management, one of the nation’s leading approved agencies, to provide you with the credit counseling course. Other reasons to take our courses:

  • They are web-based and interactive
  • They are available in both English and Spanish
  • They cost the same whether you take it individually or with your spouse
  • The certificates of completion are sent directly to you electronically


Author: affordablebankruptcycourses

Based in Plantation, Florida, Affordable Bankruptcy Courses (ABC), together with Advisory Credit Management (ACM) offer EOUST approved Pre-Bankruptcy Credit Counseling and Pre-Discharge Debtor Education Courses. ABC prides itself on being the low cost solution and offering the required bankruptcy courses 24 hours a day, 7 days a week, in English or Spanish, and there’s no phone call required for certification.

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