Why Is Credit Counseling Important For Bankruptcy?
Bankruptcy offers so many benefits to those who are suffering under overwhelming debt. Those benefits, such as the ability to discharge unsecured debts and put an immediate halt to collection activities ranging from harassing phone calls to foreclosure, come with some requirements. One of those requirements is the need to go through two credit counseling classes. The classes can be attended online or in person and we will be happy to help you meet that requirement.
One of the classes is held prior to filing for bankruptcy. The purpose of the credit counseling briefing is to guide you through a budget analysis to determine if there is a reasonable alternative to bankruptcy.
Meeting Credit Counseling Requirements For Chapter 7 And Chapter 13
Federal law requires that, before the bankruptcy is over, you must complete a second course concerning personal financial management. If you file a Chapter 7, attorney Christopher Kerney can arrange for you to receive this credit counseling financial management course by telephone or over the Internet for a nominal charge.
If you file a Chapter 13, the Chapter 13 trustee will provide the course for free. Your bankruptcy will not be complete until you finish this credit counseling financial management course.
Focused Exclusively On Bankruptcy
At Christopher Kerney, Attorney at Law, our firm is there with our clients every step of the way through the bankruptcy process. This includes the credit counseling courses that are required by law. We work to make the process easy to understand for everyone. We never let our clients face an aspect of the bankruptcy process without our full support.
For more information about how bankruptcy can help you, please review our FAQ page.
Our Clients Never Face Bankruptcy Alone
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.