Understanding the Basics of Credit Counseling

In order to qualify for Chapter 7 bankruptcy in the United States, applicants must now fulfill two new requirements. These requirements, which have been in effect since 2005, include passing the means test and completing a credit counseling course. Before the applicant can move forward with his or her case and achieve debt relief, he or she must meet both these requirements. As an applicant, it is important that you understand the basics of credit counseling so you can ensure you have met all the requirements and can proceed with your bankruptcy filing.

If you or someone you know are facing financial difficulty and have decided to file for Chapter 7 bankruptcy, you need a skilled legal representative on your side to help you every step of the way. For more information about credit counseling, contact a Raleigh Chapter 7 bankruptcy lawyer of the Bradford Law Offices, PLLC, today at 919-758-8879 and schedule a free consultation.

What You Need to Know about Credit Counseling

The Bankruptcy Abuse Prevention and Consumer Protection Act established the new requirement for credit counseling to prevent individuals from applying for bankruptcy every time they fall behind on their bills. Some details about credit counseling include the following:

  • You may be exempt from credit counseling if you have a mental or physical disability
  • If you are an active military member and are deployed or in action you may also be exempt
  • You must show proof of credit counseling within 180 days of your bankruptcy filing

Contact Us

You don’t have to face bankruptcy alone. To learn more about your case and to ensure you file correctly and legally, contact a Raleigh bankruptcy attorney of the Bradford Law Offices, PLLC, at 919-758-8879 today.