What is The Purpose of Credit Counseling?
You may be wondering why the court requires a credit counseling course. Credit counseling is required to ensure that there are no better options to filing bankruptcy. The purpose of the course is to ensure individuals explore all other options before filing a bankruptcy. Taking the course gives you an idea of your budget and recommends whether to file or not. In most cases, you have already spoken to a bankruptcy attorney before taking the course. So usually you already know the recommendation is to file a bankruptcy.
How Does Credit Counseling Benefit Me?
You may also be wondering how credit counseling can benefit you? Credit counseling not only helps you figure out if bankruptcy is right for you, but it can help you gain a better understanding of your budget. The estimated budget and plan that credit counseling provides can help you become more aware of your spending and expenses. This is a great first step to rebuilding financially after bankruptcy.
How Do I Find a Credit Counselor?
The government provides a list of approved credit counselors. Your bankruptcy attorney will be able to help you find one. At LifeBack Law Firm, we provide this to you as part of our services.
If you are dealing with an overwhelming debt problem, it is important to discuss your options with a bankruptcy attorney. If you have questions about bankruptcy and would like to do a free consultation to go over your options, visit www.lifebacklaw.com to speak with an attorney. You will be glad you did!