Feeling hopeless and do not see a way out of your financial problems other than filing for bankruptcy? Well, you are not the only one. There are many people who have found themselves in severe debts and there is no need to feel ashamed about it because it can happen to everyone. Bankruptcy is a way to find some debt relief and start all over again but it is not the only option. You are not only recommended but you are obliged by the law to get a credit counselling for bankruptcy before you file for chapter 7 or chapter 13 bankruptcy. Even more, you need to show evidence that you have had a credit counselling for bankruptcy. But how can a credit counselling for bankruptcy offer you any help and where can you find counselling?.
First of all, bankruptcy is not the only way to get out of all those debts and this is where credit counselling for bankruptcy can help you. A financial expert will review your financial situation and offer you an advice on your options and perhaps even help you avoid bankruptcy. Yes, bankruptcy may not be inevitable and for that reason it is crucial to get a professional opinion. Who knows, maybe your debts are not as severe as they seem to you at the moment and a professional may even find a better solution for your financial situation. After all, bankruptcy is considered to be the very last resort and has many negative consequences that should be kept in mind before making any sudden decisions. However, if you cannot avoid bankruptcy, your counsellor will offer you an advice on the bankruptcy process which is much more complicated than it may seem.
Now, let’s have a look on credit counselling for bankruptcy agencies. First of all, it is crucial to choose a U. S. Trustee approved agency that will give you a confirmation required to file for bankruptcy. You can find one just about anywhere, while the counselling can take place in person as well as over the phone and via the Internet. Which option to choose is, of course, up to you but considering that your future financial health is at stake you should perhaps go to the agency in person. You may be charged a fee but these usually are not a severe financial burden. A session that last about an hour to an hour and a half should not cost you over $50. However, it is also possible to find free credit counselling.
You have every right to ask how much you are going to be charged before the counselling itself but you are highly recommended not to focus on the costs alone. It is completely understandable that you have financial problems otherwise you would not need credit counselling for bankruptcy but this is not the time to start saving because a carefully chosen agency that is approved, of course, will not only issue you the required certification that is required to file for bankruptcy but will truly try to find the best solution for your financial problems.