f you’ve already tried other alternatives to work with your creditors and have been unsuccessful either because the creditors were inflexible or because you were unable to follow through with your payments, it may be time to seriously consider bankruptcy. Credit Counseling Programs If you were unable to maintain the terms of the program in  … Read more

As a requirement to filing bankruptcy, you must take a credit counseling course approved by the US Bankruptcy Courts. You must take this course within 180 days of filing for either Chapter 7 or Chapter 13 bankruptcy in Texas. While this course is relatively quick and painless, the provider of the credit counseling course must  … Read more

Before you can file for Chapter 7 or Chapter 13 bankruptcy, you will be required to complete a credit counseling requirement. This requirement came about during the bankruptcy law changes in 2005, as part of the Bankruptcy Abuse Prevention and Consumer Protection Act. The reason for the credit counseling requirement is to provide consumers with  … Read more

Before you are able to file for bankruptcy (chapter 7 or chapter 13), the law requires you to meet with an approved credit counseling agency. The idea behind this requirement is to see if there is any possible way to work out your existing debts before pursuing Fort Worth bankruptcy. The problem for many people  … Read more

Did you know that student loan debt is the fastest growing debt category in the country? In fact, student loan debts are growing at a rate ten times faster than credit card debt. A new study conducted by the Consumer Financial Protection Bureau reports that there are approximately 37 million Americans with student loan debt.  … Read more

Prior to filing for either Chapter 7 or Chapter 13 bankruptcy, individuals are required to go through mandatory credit counseling. This credit counseling session is designed to ensure that people who wish to file are truly in need of the protections that bankruptcy offers, and discusses possible alternatives. In addition, credit counseling offers individuals advice  … Read more

Credit counseling became a mandatory part of the pre-bankruptcy process in 2005, when Congress passed a law reforming parts of the bankruptcy code. Specifically, the mandatory counseling rule was put in place because it was suspected that people who were actually able to pay their debts were turning to bankruptcy instead. The mandatory credit counseling  … Read more

Before filing your Dallas bankruptcy, it is mandated that you complete a credit counseling course. This is a mandatory step toward filing for bankruptcy whether it is Chapter 7, Chapter 11 or Chapter 13, but it is also a useful service for many individuals who may need guidance in their personal or business finances, and  … Read more

Credit card debt in the U.S. is at nearly $1 trillion dollars. With credit card debt spiraling out of control, many are turning to credit counseling services for help in alleviating this debt. While many – even most – credit counseling services are legitimate, the increased need for counseling has sparked many unethical and even  … Read more

It might sound like the most counter intuitive move ever, but many people are signing up for a credit card immediately after a Texas bankruptcy. While they might not realize it, people who exercise good money management with their new credit cards are rebuilding their financial profile. However, using a card to repair credit scores after a  … Read more