If you are concerned about your finances or your credit score, you may be looking for ways to improve your situation. We recommend that you look into all of your options first. Meeting with an experienced bankruptcy attorney should be included in your research. Most attorneys will provide free consultations to go over the best options for your situation.
Once you are ready to file for bankruptcy, you will need to complete a credit counseling course. So, you may be wondering, what is credit counseling?
You must take a credit counseling course from an approved provider. Please check with The United States Department of Justice for the approved providers for your state. Since there are so many options for California, our office often recommends CC Advising. However, all approved providers are excellent choices.
You will need to provide information about your assets, income, monthly expenses, and debts. You will also need to share if there are any lawsuits, foreclosures, or garnishments in your name. Typically, you can provide estimates if you do not have exact amounts ready. You cannot fail credit counseling, so take your time and be honest.
Once completed, your credit counseling certificate will only last for 6 months. For this reason, we recommend waiting to take the course until you know exactly when you will be filing for bankruptcy. If your certificate expires, you will be required to retake the course to update your certificate.
Contact our office today for more information. We offer free consultations that will provide you with different options based on your current situation.