Credit Counseling During Bankruptcy -What is it And The Process
Going through bankruptcy can be one of the most challenging situations one can ever be in. When you want to file a bankruptcy, various legal involvements will be there. Moreover, the process can be time-consuming and draining for a lot of individuals, which is why we do not recommend opting for it independently.
You should always have a legal representative who can make things easier for you. A lawyer from the Law Offices of Scott J. Goldstein can ease the process. They can answer all your queries about bankruptcy and ensure the process goes easier.
What is credit counseling?
Credit counseling is a process that must be completed before individuals are allowed to file for bankruptcy. During this counseling session, debtors will meet with an approved provider who will assess their financial situation and provide advice on possible alternatives to filing for bankruptcy, such as credit consolidation, settlement, or assistance programs.
How does credit counseling work?
Before filing for bankruptcy, individuals are required to complete credit counseling from an approved provider. Credit counseling is meant to help debtors weigh their options and understand the consequences of filing for bankruptcy.
The credit counseling process typically involves a session with a counselor …