Credit Counseling Attorney in Chicago
Prior to filing, you are required to complete credit counseling with an agency accredited and approved by the federal government. This added requirement to file for bankruptcy was put in place in 2005 when the laws were amended.
Consider the following when selecting your credit counseling:
- Must be completed within 180 prior to filing for bankruptcy
- Counseling must be from a federally accredited and approved agency
- May be available online without having to appear in person
The specific timelines may create a problem for those who are in an emergency situation. If you are unsure what to do next, we urge you to speak with our Chicago bankruptcy lawyer. We have a great deal of knowledge about bankruptcy laws and can assist you to get a fresh financial start.
The steps in the credit counseling process include:
- A full evaluation of your financial condition
- Discussions about creating a budget you can live with
- The counseling agency can determine if bankruptcy is your option or not
Useful Information: Credit Counseling
Many people face a terrible financial situation after a divorce, or when a medical emergency has forced them to get expensive treatment. If the bills are rolling in, or the medical facility or doctor sells the debt to a debt collection firm that is hounding you every day, our Chicago bankruptcy lawyer can assist you.
We understand this is a stressful situation, and should not be allowed to continue too long. Under bankruptcy, you can discharge this debt, however you must get the credit counseling requirement completed before filing for bankruptcy.
If you are considering filing for bankruptcy, it is very important to ensure your credit counseling is done as quickly as possible. Upon filing, you must include the evidence of completing the counseling or your bankruptcy case can be dismissed.
Contact our Chicago bankruptcy lawyer for more information!