Pre-bankruptcy credit counseling programs

When it comes to filing for bankruptcy it is important that a debtor comprehends all the options available to him or her before going headlong to file for bankruptcy. It is for this reason that the Bankruptcy Act is established and the same Act made it compulsory for all debtors to undergo counseling.

Do you want to avoid the pitfalls most debtors fall to? Then read this: you must complete your pre-bankruptcy credit counseling program that spans for one hundred and eighty days before filing for bankruptcy. Failure to complete this session within the stipulated period will result to the bankruptcy court dismissing your petition.

One precaution you must take when or before beginning a credit counseling program is this: ensure you search on the website of the Department of Justice to make you certain that the counselor that would counsel you is certified by the department as he or she would be on the approved list. If your counselor is not an approval counselor then it is the same as if you did not go through the session and you know what that means.

When receiving your certificate after attending and completing a credit counseling session make sure the certificate your received is the original one, as only credit counseling agencies that are cleared by the US Trustee program are permitted to issue certificates.

Do you want to apply for bankruptcy? Do you have a completion certificate to show as a proof that you have attended a credit counseling session which is approved by the department of justice? If you have this certificate then your case may not be dismissed in the court of bankruptcy at least you have meet the requirements.