Debt Counseling Requirements and Bankruptcy

Did you know that you cannot file for bankruptcy unless you have received debt counseling from an approved non-profit budget or counseling agency? That briefing will explain that you have opportunities for credit counseling and help you perform a budget analysis so that you can learn how to budget your money properly. Obviously, the bankruptcy court doesn’t want you to be a serial filer.

Debt counseling must occur within 180 days before you file for bankruptcy and, you are required to complete your second credit counseling class before the bankruptcy discharge is approved.

You can learn more about whether bankruptcy is right for you by contacting bankruptcy attorney Nancy Cavey at Sunshine State Bankruptcy at 727.258.4999.

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