This position paper proposes that bankruptcy counseling and education should be tailored so that bankrupts and consumer debtors can attain solvency literacy, a new construct developed for this initiative. They need to (a) handle their financial affairs during the insolvency process while (b) concurrently striving for a fresh start, rehabilitation (financial health) and reduced recidivism after discharge. Each of the Canadian and American insolvency education and counseling curricula is described with attendant discussions of financial education (literacy), consumer education (literacy) and credit education (literacy). Intending to keep bankruptcy insolvency education relevant and effective, a specially tailored curriculum is tendered for consideration. The curriculum represents a hybrid of consumer, financial and credit education. It is relevant to immediate, situation-specific financial needs anticipating that people can strive for more generic consumer and financial literacy after they have attained solvency literacy.

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