CREDIT COUNSELING FOR BANKRUPTCY

Credit Counseling for bankruptcy is something that should be considered by those who are considering bankruptcy as a way forward and a way through financial problems.

Credit counseling for bankruptcy is also known a pre bankruptcy counseling and a session will include an indepth evaluation of your financial situation. Warts and all.

This session will take place with an approved credit counseling professional in an organization or company of your choice as long as they are approved.  The sessaion will last anywhere up to two hours depending on the complexity of your situation.

You can have a pre bankruptcy counseling session in person, as in a face to face meeting, over the telephone, or even online. Whatever is most convenient and whatever you feel most comfortable with.

It is very important during this valuable session that you are honest and open with your debt counselor.  This also means being very hones with yourself about the financial problems you are expereincing.  This can be difficult, but it is the first and most valuable step you can take on the road to recovery.

Sometimes you may find it distressting talking about your situation, debt consolidation plans, debt management plans,  and more. However, after one of these sessions, many people report a feeling of relief and feel they have done something positive and constructive regarding a situation which has been seriously troubling them for months and sometimes even years.

A bankruptcy credit counseling professional will have heard it all before.  They will be aware of the trauma that potential bankruptcy can cause not only the person facing it, but their family too.  They will be sympathetic and will be able to offer some great advice and words of support.

During your session, alternative to bankruptcy will be discussed and explored with you.  There may be things that you have not thought of.

Credit repair is not something that usually comes up at this time. These types of issues and concerns are more likely take place after any debt reduction, debt solution plan, or bankruptcy  has been agreed and put into place.

The session is more valuable to both parties if you prepare for it.  So here is a list of some things you may like to think about and prepare before your credit counseling for bankruptcy session.

• Who do you owe money to?
• How much do you owe each creditor?
• How long have you owed them money?
• Are you in any arrears at the moment?
• If so, how long have you been in arrears?
• If you have stopped paying some of your creditors, when did you stop paying them?
• Are you having probems with any particular creditors, if so what are these problems?
• Have you agreed to any debt consolidation or debt reduction plans with any of your creditors?

Choosing a Pre Bankruptcy Credit Counseling Professional

Here is a list of some of the questions you should as:

• What are the services you offer?
• What are your fees?
• What do these fees include?
• Who will I be dealing with in your organization?
• What are their credentials with regard to bankruptcy counseling?
• Do you offer any financail assistance towards the fees?
• Do you offer advice on future debt management and financial planning as part of your service?