Credit Counseling

Credit Counseling and Debt Certification

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires that anyone filing for bankruptcy complete a credit counseling/ budget briefing session. The session must be conducted with a nonprofit Credit Counseling approved by the Executive Office of the United States Trustee.

Before Filing

Individuals filing for bankruptcy must complete the 90-minute credit counseling session within six months of filing. This course provides an analysis of your current financial standing, a review of factors that contribute to poor financial health, and information about debt elimination options and alternatives to bankruptcy. Your bankruptcy attorney will file the Certificate of Completion, from the credit counseling course, along with the petition.

After Filing

A after the petition has been filed, anyone filing for Chapter 7 bankruptcy must also complete a money management, also known as debtor education, course. The debtor education course provides training in developing a budget, managing personal finances and how to use credit wisely. The Certificate of Completion from the debtor education course is required before debts can be discharged.