Credit counseling for bankruptcy

Are you contemplating on filing for bankruptcy? Do you know that by law you are expected to go for credit counseling program? Then I will have you know that sometimes people get bad counseling that further put them into more problems. Hence there are some rules that govern credit counseling and these you can’t afford not to know.

Do you want to avoid the pitfalls most debtors fall to? Then read this: you must complete your pre-bankruptcy credit counseling program that spans for one hundred and eighty days before filing for bankruptcy. Failure to complete this session within the stipulated period will result to the bankruptcy court dismissing your petition.

When undergoing a credit counseling session you must make sure it is handled by a certified credit counselor. The Department of Justice U.S Trustee program is responsible for the certification of credit counseling. However, in North Carolina and Alabama it is bankruptcy administrators who also doubled as court officials that are permitted to approve a credit counseling certificate.

When you are filing for bankruptcy you must have with you a proof to show that you have completed the mandatory credit counseling program. The proof of your completion of your credit counseling should be handed to you within 24 hours after completion so you don’t have any reasons not to have it. Everywhere you go, you find competition. Even within the National Foundation for Credit Counseling, it exists. The Association of Independent Consumer Credit Counseling Agencies was formed from the group of counselors to resolve the more common issues. At least if you are needing help with credit counseling, you don’t want to be buying into another person’s war, do you?

Do you want to apply for bankruptcy? Do you have a completion certificate to show as a proof that you have attended a credit counseling session which is approved by the department of justice? If you have this certificate then your case may not be dismissed in the court of bankruptcy at least you have meet the requirements.