Attend Two Bankruptcy Counselling Sessions
Learn How to Budget and Manage Credit
Part of obtaining your discharge is attending these 2 required credit and bankruptcy counselling sessions. They may be with your trustee or they may be with someone they designate. The first session is in about the 2nd month of your bankruptcy process and the second session will be scheduled at about the 6th month.
The purpose of these sessions is to help you learn how to manage your budget, future credit and financial affairs better so that you don’t find yourself in serious financial difficulty again.
Everyone who conducts bankruptcy counselling sessions must be licensed through the Bankruptcy and Insolvency Act, and have obtained the RQIC designation. This means that they are a “Registered and Qualified Insolvency Counsellor.” Obtaining the license requires writing and passing an exam and then gaining at least 100 hours of supervised bankruptcy counselling experience.