Is credit counseling mandatory for bankruptcy?

Is credit counseling mandatory for bankruptcy?

bankruptcy may wonder about the credit counseling requirement and why they have to complete it. In short, it is required because it is stated in the bankruptcy code. If you don’t complete it, you may not be able to file your petition when you are ready to seek financial relief. The good news is the process

What is a pre filing bankruptcy course?

This counseling session will focus on things like:personal financial managementbudgetinghow interest rates workrebuilding your credit reportusing credit cards

How to become a certified credit counselor?

Your monthly household income.Your monthly household expenses.Information about your assets – real-estate, vehicles (including recreational), savings, and retirement accounts .A list of unsecured debt – what you owe on credit cards and personal loans. …

What is pre – bankruptcy credit counseling?

Income documentation such as W-2s, paystubs, Social Security payments, alimony, and child support.Expenses such as mortgage or rent payments, food, insurance, childcare, utilities, and transportation. …List of debts owed, such as statements for credit cards, student loans, auto loans, and loans against a 401 (k) retirement plan.