While you may feel that bankruptcy is your only way out, this is not always the case. There are often alternatives that not only help to free you from your debts, but do so without the hit that your credit score receives when you’re discharged from bankruptcy. Even though you feel under pressure to act, [...]
Deciding on whether or not you should file for bankruptcy can be a difficult step. There are tens of thousands of people who sit each day and ponder this very question. A fair percentage of these people will take the next step and actually do a little research before making that final decision. Since you’re [...]
If you intend petitioning for bankruptcy at any time soon, then you need to get up to speed on some of the requirements for a successful bankruptcy petition. One requirement is the attendance at a bankruptcy counseling course. Not only are you required to attend, you must include with your petition a certificate verifying your attendance. [...]
If you are intending to file for bankruptcy, then you need to be aware of two requirements – credit counseling and debt education. Credit counseling must be completed within the 60-day period immediately prior to filing for bankruptcy. Debt education cannot be completed at the same time. In fact, it must be completed after you [...]
For anyone contemplating bankruptcy, there are a number of steps that must be completed first. One of these is to attend an accredited credit counseling session. One of the aims of this credit counseling session is try to find alternatives to bankruptcy. One of the alternatives looked at is what is known as a ‘Debt [...]
Credit cards really cop a hammering at this time of the year. There is the pre-Christmas shopping that give most credit cards a good work out. Some people are smart enough to leave plenty on their cards – but that is only because they want to give the post-Christmas sales a real hammering. Either way, [...]
To be eligible to file for either a Chapter 7 or Chapter 13 bankruptcy petition the people named in the petition must undertake credit counseling. This must be undertaken in the 180-day period prior to filing and a certificate must be obtained from the counseling agency to verify your attendance. Counseling must be provided by [...]
When considering a petition for bankruptcy under either a Chapter 7 or Chapter 13, you will need to check carefully with the requirements for filing. One requirement that many forget, or fail to understand, is that of credit counseling. This is a compulsory component and not one that can be “put off for another day”. [...]
Filing for bankruptcy can be a complex task, however, you do not legally need lawyers to act on your behalf. You can do the research, much of it online including downloading of forms, and you can represent yourself in court. However, due to the complex nature of bankruptcy, you may be doing yourself a disservice [...]
There is more to applying for Bankruptcy than just filling in the forms. Individuals must undertake credit counseling from an approved credit counseling agency during the 180 day period prior to filing their petition. The counseling may be in either a group or individual setting and if a debt management plan is developed it must [...]
