What should I know about credit counseling and debtor education courses?

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Before you file for bankruptcy, you will be required to complete a credit counseling course. This requirement applies to both consumer and business bankruptcies. Our office will provide you with contact information of the least costly program approved by the United States Trustee Program, including those with courses that are offered in languages other than English. You will also be required to complete a debtor education course but only after you file the bankruptcy and before you receive the Bankruptcy Discharge.

Although Congress enacted credit counseling and debtor education courses, they are very simple and very helpful to use as a budget and clear picture of your economic situation.  Most courses only take 1 hour and may be taken on-line or by telephone.  You do not have to appear at a physical course.  The cost of each course can be as low as $9.00.

Though not being able to repay your debts may feel overwhelming, filing for bankruptcy offers families the opportunity to wipe out their debt and get a fresh start.  For most families, discharging their debt and saving their assets is the most financially responsible action they will take.

If you are considering bankruptcy, it is essential to consult with an experienced bankruptcy attorney who can provide you with the guidance you need to get a fresh financial start.

If you require the services of an experienced bankruptcy attorney, contact the Law Offices of Allen A. Kolber, Esq. today to schedule a consultation and discuss your options.