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Bankruptcy
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires that individuals receive credit counseling from a government-approved organization before and after filing for bankruptcy. The goal of this counseling is to inform participants of all available options and to provide a comprehensive overview of an the financial situation, as well as the skills needed to prevent future financial crises. Pre-Bankruptcy Counseling In order to file bankruptcy, individuals must receive credit counseling to learn about available alternatives. The counselor will perform a budget analysis of income and expenses so that clients can choose whether to pursue bankruptcy or explore other existing options. Those who participate in the counseling session will receive a certificate of attendance that must be presented when filing for bankruptcy. Post-Filing Debtor Education After filing bankruptcy, individuals must receive credit counseling focusing on the completion of a financial management course. The court will not discharge any debts until the counseling course has been completed. For Pre-Bankruptcy Counseling and Post-Filing Debtor Education, CCCS charges a fee of $50 per session. In limited circumstances you may be eligible to have this fee waived. Service will not be denied due to inability to pay. Issues to consider
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