Bankruptcy Counseling

Bankruptcy Counseling is required before you can file bankruptcy in the United States with a session afterward to help you learn how to manage money.  Bankruptcy lawyers will help you with the process. 

Spending and Long Term Financial Goals

A good counselor will discuss alternatives to bankruptcy, and work with you to develop:

-Personal financial assessments

-Reasonable spending plans

-Short and long term financial goals

Most of the counseling agencies are available 24/7. They usually charge $30-$50.  You may be able to take the course in your lawyer's office but it can also be taken from your home.

After you file bankruptcy, you must complete another counseling session designed to help you learn things to help keep you from needing to file bankruptcy again. You will receive tips and tools for wise money management and credit use.

In bankruptcy counseling you will discover how to:

-Set achievable financial goals

-Calculate net worth

-Create a livable budget

-Build a savings plan

 Learn How To Protect Your Money and Identity

Bankruptcy counseling will also give you helpful tips on how to obtain credit reports, dispute errors in your report, establish credit, and prevent identity theft. These sessions are usually available from the same agencies, and the fee is usually about the same as for the pre-filing course. 

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Bankruptcy Counseling and all associated materials and related studies are the complete work of the site's author, Margaret Lukasik, and cannot be copied by any means without her express written permission.