There are certain requirements you must meet and specific steps you must take to file for bankruptcy. These requirements and steps may vary depending on which bankruptcy you intend to file for. It may be confusing to figure out which type of bankruptcy is best for you let alone what requirements and steps are needed for each bankruptcy. In many cases, you will have to go through consumer credit counseling before you file for your bankruptcy.
Consumer credit counseling determines whether you can fix your financial situation without having to settle for bankruptcy. During this period, your debts and income will be analyzed to determine what bankruptcy and debt relief plans may suit you best. There is a ton of information that you will be looking through that may be difficult to understand, making it hard to decide what route you should take. Having a bankruptcy attorney in Phoenix by your side during this process can not only help you understand your options but can help you decide which option is best for you.
How Can Consumer Credit Counseling Help Me?
Going through consumer credit counseling can allow you to get a sense of what your debt it in relation to the amount of money to make to determine how feasible it would be to pay off your debt without bankruptcy. However, during this time, many people find that the amount of debt they have is difficult to pay off without immediate debt relief. Bankruptcy is a good option for those who do not have the means to maintain adequate living expenses and pay off their creditors. A bankruptcy lawyer can advise you on the pros and cons of every type of bankruptcy and give you the proper tools and knowledge to make an informed decision about your financial future.
Can I Do Credit Counseling Online?
Consumer credit counseling may be available online for your convenience. There also may be options for in-person consumer credit counseling. There are many credit counseling sites available online that claim they are certified to handle the credit counseling for your bankruptcy. It’s important to make sure your credit counseling service is legit as the court needs an approved certificate that indicates you have successfully completed credit counseling. Your bankruptcy attorney may be able to recommend viable credit counseling services to set you up for success.
How Can a Lawyer Help Me with Consumer Credit Counseling?
Trying to figure out what requirements are needed and what credit counseling services to pick for your bankruptcy can be a little complicated without some help. Israel & Gerity, PLLC can make your life easier by advising you on every step of your bankruptcy. For a free consultation, call Israel & Gerity, PLLC at 602-274-4400.