You Need to Take Credit Couseling With a Bankruptcy Filing
If you are thinking that you might have to file for bankruptcy, there is quite a bit information available online on federal bankruptcy law that everyone should be aware of. Whether you are thinking you may file personal Bankruptcy or you have a business that has been failing and for which you may have to file bankruptcy on it. Just make sure that you look specifically for which ever you need, so if you are dealing with the business you will need to become educated specifically on business bankruptcy law. If you don’t have the finances to hire an attorney, there are many inexpensive bankruptcy filing services online that will help you steer you in the right direction.
As you probably know, before you can file most consumer bankruptcy cases, you will need to obtain a credit counseling certificate from an approved vendor. The U.S. Trustee’s website offers a handy tool that will help you identify credit counseling vendors in your state. In addition, the Trustee’s website allows you to search for vendors who can offer counseling in languages other than English. The credit counseling requirement is a part of the law that the US trustee takes very seriously and that failure to obtain counseling has led to the dismissal of a number of bankruptcy cases and tragic loss of assets. In addition the counseling process itself is fairly easy and has essentially evolved into a $35-$50 cost for filing Chapter 7 bankruptcy. These couseling courses are very easy to understand and quik to complete. The best part is you can take it online.
