The 2005 bankruptcy act requires that before an individual debtor receives a discharge in a Chapter 7 or Chapter 13 bankruptcy,the debtor must attend a personal financial management course approved by the U.S.Trustee.

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This statement is true. The 2005 bankruptcy act added a requirement that debtors must complete a personal financial management course before receiving a discharge in a Chapter 7 or Chapter 13 bankruptcy. The course must be approved by the U.S. Trustee.

The 2005 Bankruptcy Act Requires That Before an Individual Debtor