Personal Bankruptcy Questions

Before You File for Personal Bankruptcy: Find Information About Credit Counseling and Debtor Education

If you are in a situation where your income does not cover your total expenses including loan and credit card payments, then you could well be on your way to personal bankruptcy. To avoid personal bankruptcy you need to question yourself about your position and take control of income and expenses. Do not make the mistake of ignoring the situation and hoping that it will go away – it won't.

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 launched a new era: With limited exceptions, people who plan to file for bankruptcy protection must get credit counseling from a government-approved organization within 180 days before they file. They also must complete a debtor education course to have their debts discharged.

The Department of Justice’s U.S. Trustee Program approves organizations to provide the mandatory credit counseling and debtor education. Only the counselors and educators that appear on the U.S. Trustee Program’s lists can advertise that they are, indeed, approved to provide the required counseling and debtor education. By law, the U.S. Trustee Program does not operate in Alabama and North Carolina; in these states, court officials called Bankruptcy Administrators approve pre-bankruptcy credit counseling organizations and pre-discharge debtor education course providers

There are various consultants and organizations that can help you assess your financial position and suggest plans to make payments more manageable; these are called debt settlement plans. Some specialists will even negotiate on your behalf for more favorable payment terms such as a smaller monthly payment or payment over a longer length of time. By declaring personal bankruptcy, your creditors risk never getting their money back and you will have a very poor credit rating. Clearly it is within everybody's interest to ensure that you can pay the full amount.

Before You File for Personal Bankruptcy:

Information About Credit Counseling and Debtor Education.

Here's OTHER well-known companies offering Bankruptcy products to find the exact combination of service and value you want.

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American Debt Enders

American Debt Enders is a Personal Debt Management and Free Credit Counseling referral service offering multiple services and solutions to relieve debt. Enroll you in a Debt Consolidation Program to dramatically Lower Interest Rates, and protect your credit. Enroll you in an FTC compliant Debt Settlement Program with No Upfront Fees.Provide Legal Information if you are being harassed by Creditors. Set Up A Free Consultation with a Bankruptcy Attorney, if necessary. We have access to resources you simply are not aware of. Stop being a victim and achieve debt freedom

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eGuide Services Debt Settlement

If you are in need of debt settlement eGuide Services will assign an attorney to negotiate with your creditors and monitor for FDCPA violations. Complete eGuide Services no obligation online form and one of eGuide Services representatives will create a settlement plan to assist you with your debt settlement needs.

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Credit Assistance Network, Inc.

Credit Assistance Network, Inc. specializes in "Credit Improvement" which should not be confused with the typical "Credit Repair" companies you have likely heard of. Credit Assistance Network, Inc. offer a realistic, legal program designed to help with virtually any credit related problem. Your credit specialist will analyze your credit reports and schedule a time to go over your reports with you. During this brief consultation, your credit specialist will answer your questions and make recommendations on exactly what steps you should be taking in addition to what we will be doing to help you improve and optimize your credit scores.