Credit Counseling for Chapter 7 Bankruptcy

If you plan on filing for chapter 7 bankruptcy, you will have to go through credit counseling before you will be able to complete the process. Here are the basics of credit counseling when filing for chapter 7 bankruptcy.

Credit Counseling

Credit counseling is required by law whenever you file for chapter 7 bankruptcy. When you file for bankruptcy, the court is going to want to make sure that you attend counseling with a certified credit counseling agency. Before you can move forward, the court will need to see some type of proof that you have attended the proper counseling. You will also need to make sure that you attend counseling with an agency that has been approved by the U.S. Trustee Program. 

What Is Covered

The goal of a credit counseling agency will be to explain your options to you. They are going to make you aware that bankruptcy is not necessarily your only option depending on your situation. They will sit down with you and look at specific options that you might have outside of bankruptcy. They will also explain exactly what happens once you file bankruptcy and make you aware of the consequences that you will have to face.