If you’re filing for bankruptcy, you will need to follow the appropriate state and federal bankruptcy guidelines in order for your case to be accepted. Federal bankruptcy law states that anyone filing must complete an approved bankruptcy credit counseling course before putting in their paperwork. Not everyone goes into their credit counseling course with enthusiasm, but the law exists for a good reason.
Bankruptcy is a major decision, and while it can be beneficial to some people, it isn’t the right choice for everyone. Pre-bankruptcy credit counseling helps people understand their options, including alternatives to bankruptcy, before they proceed further.
The counseling also helps encourage financial responsibility. While not every bankruptcy filer is in the situation because of irresponsible use of credit, a good number of people in financial crisis have had at least some issues with money or debt management. Credit counseling can help people make better financial decisions in the future.
Accessing a Credit Counseling Course
Before choosing a credit counseling course, you’ll want to make sure it’s approved by the government for bankruptcy counseling. Some organizations make claims about helping people overcome their financial problems but are in reality just scams used to draw in those who are in trouble. Approved credit counselors are those that have been found to be legitimate and honest in providing the type of counseling required for bankruptcy.
To find an approved credit counseling course, you can look online. Federal websites (those that end in .gov) are your best bet. The Department of Justice has a list of approved credit counseling services that are acceptable when filing bankruptcy. You can also ask your bankruptcy attorney for help finding these courses.
Having a qualified bankruptcy attorney on your side can help you get through the bankruptcy process more easily and may help you have a better outcome for your bankruptcy petition. Contact Warren & Migliaccio at 888-584-9614 and check out our free Texas bankruptcy guide.
