Mandatory Credit Counseling Before Bankruptcy
Individuals in North Carolina seeking debt relief through bankruptcy have several steps to take before the process can move forward. Depending on the type of bankruptcy the individual plans to file, mandatory credit counseling could be imposed. This pre-bankruptcy credit counseling requirement is a consultation that helps educate the individual on alternative debt consolidation or relief options that could be available to them, which would help avoid bankruptcy.
Generally individuals filing Chapter 7 or 13 bankruptcy must complete credit counseling; a bankruptcy attorney can verify what the requirements are for your unique needs.
Credit counseling and debtor education programs in North Carolina are offered a variety of locations, days, and times. An important thing to verify before enrolling in a program is whether or not the program is approved by the U.S. Trustee's office. Then the individual should make sure to complete the program within 6 months prior to their bankruptcy application. Any further in advance and the program certificate may not be recognized by officials, and then individual would need to begin the process again, which could delay their bankruptcy case.
Learn more about required credit counseling courses in North Carolina. The courses must be provided at a reasonable fee--and free for those who qualify. Brent Adams & Associates' bankruptcy lawyers provide an overview of credit counseling scams - do your due diligence before participating with a program.
Living in debt is stressful. Individuals might worry about losing a treasured home, property, or other assets. Our Raleigh bankruptcy lawyers help individuals state-wide navigate this unpleasant time, educate you on state and federal laws, and help you move forward. Let us know how we can help. We provide free bankruptcy case evaluations and can connect you with resources in your area.