Why is a Credit Counseling Course Required to File Bankruptcy?
After you pay your living expenses each month, are you unable to pay the rest of your bills because you do not have any money remaining in your bank account? If so, you are not alone. Millions of Americans are dealing with debt problems due to unemployment, divorce, medical expenses, a failed business, or the loss of a spouse. Regardless of the reason why you are experiencing financial problems, bankruptcy can offer a fresh start free from the overwhelming burden of debt. You can get back on your feet and on your way to healthier financial well-being.
If you are searching for a bankruptcy attorney in Okaloosa County, The Marsteller Law Office, LLC can assist you. We offer free bankruptcy consultations so you can get answers to all of your bankruptcy questions and concerns in order to make an informed decision that is right for you. Contact our office today to schedule a confidential bankruptcy consultation with an experienced bankruptcy attorney in Okaloosa County.
What is a Bankruptcy Consumer Credit Counseling Certificate?
In order to file a bankruptcy case, you are required to file a credit counseling certificate with your bankruptcy petition to certify you have completed and approved a credit counseling course. While very limited exceptions do exist under the law, the requirement to complete the course applies to almost all individuals who file bankruptcy in all jurisdictions including bankruptcies filed in Okaloosa County. Congress added this bankruptcy requirement when it passed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). The United States Trustee’s office, the agency tasked with approving companies to provide the required bankruptcy credit counseling course, has worked diligently within the boundaries of the Bankruptcy Code to ensure access to the courses is as stress-free and simple as possible for debtors.
How Do I Receive My Bankruptcy Credit Counseling Certificate?
Several companies offer the bankruptcy credit counseling course and your bankruptcy attorney in Okaloosa County will assist you with access to an approved list of these companies. You are required to pay the company a fee for the course; however, fees for credit counseling courses can be as low as $10 to $15 depending on the company. Most companies offer a one-price fee for couples who are filing a joint bankruptcy petition. Some debtors meet the strict requirements to waive the fee.
Because the course material must be approved by the UST’s office, each company offers the same information in a slightly different format; therefore, most individuals choose a company with a low rate and convenient, user-friendly customer service. Courses are available online, by telephone, and in person with credit counseling certificates available within hours of completing the course. You will need your information regarding your household income and household expenses to complete the course.
Most individuals complete their credit counseling course in approximately 90 minutes, receive their credit counseling certificate the same day, and are ready to file their bankruptcy petition. The process is not as daunting or overwhelming as the media and creditors have tried to make the public believe.
Contact an Experienced Bankruptcy Attorney in Okaloosa County
If you need help with debt, contact the Marsteller Law Office, LLC for a free bankruptcy consultation. You can trust that we will help you find an affordable solution to your debt problem based on our experience representing bankruptcy clients in Okaloosa County and our extensive knowledge of bankruptcy law. Contact our office at (850) 497-2500 or use our convenient online form to complete an online intake form and submit that to our office so we can begin reviewing your information immediately.