One of the most time consuming hoops is the credit counseling requirement. In order to file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, a debtor must take a credit counseling class. Then after filing, a debtor must take a second credit counseling class to receive a final discharge. The classes address personal finance. The vast majority of my clients inform me that the classes are a waste of time and money.
The question then becomes why is there a credit counseling requirement, if it is so ineffective? In short, Congress believed that many people were repeatedly filing bankruptcies because they lacked basic financial literacy. If debtors could learn about how debt works and how to stick to a budget, they would be unlikely to file bankruptcy again. Plus, adding steps makes it just a little harder to file. However, time has shown that the requirement has little effect on subsequent filings. Most people file bankruptcy because they have had a life-changing event or they are unemployed or underemployed. Few people get into trouble with debt merely because they do not understand the basics of personal finance.
No matter. Credit Counseling is still required and will be for the foreseeable future BAPCPA is here to stay. My advice: get what you can out of it. Maybe it will help you, and you cannot get out of it.