Long Island Bankruptcy Lawyer

In 2005 the bankruptcy code was amended to require that those who chose to file for Chapter 7 or Chapter 13 bankruptcy take a credit counseling class within 180 days prior to their filing for bankruptcy, as well as a course in financial management prior to the bankruptcy being discharged. The agency administering the creditor counseling must be approved by the U.S. Trustee's Office.

Credit Counseling and You - What You Need to Know

Creditor counseling traditionally involves discussing one's finances, setting a realistic budget and determining if bankruptcy is the best option for the individual; this course may be done in person or over the phone or internet. Reputable creditor counseling agencies typically operate with the goal of helping their clients take charge of their debt. If they determine that a person's debt load is too much to handle through traditional debt management means, then they will often refer that person to a competent bankruptcy lawyer who can assist them in navigating the bankruptcy process.

Taking courses in credit counseling and financial management can help you with the financial problems you are currently experiencing, as well as avoiding any future problems. While we at the Law Offices of Scupp & Berman, LLP can help you with filing bankruptcy, our firm has a larger purpose, which is to help educate you as to why you got into your current situation in the first place and to ensure, wherever possible, that you never get into such a situation again. By helping you get set up with credit counseling we can help you fulfill this purpose and give you and your family the hope for a brighter financial future.

Debt Relief Attorney Serving Nassau and Suffolk Counties

The credit counseling class will review your current financial scene, the ramifications of bankruptcy and alternatives to bankruptcy. On the other hand, the financial management course will go over making a budget you can follow, understanding your credit report and credit score and ways in which you will be able to save money. It is important to remember that you will not be allowed to file a bankruptcy petition without taking a credit counseling course.

If you are considering filing for bankruptcy and require information regarding creditor counseling or the filing process, then contact a Long Island bankruptcy lawyer from Scupp & Berman, LLP who will be able to help you get connected with the credit counseling and financial management classes you need. Our legal team has many years of experiencing in dealing with bankruptcy cases and we have helped numerous individuals during that time. We provide caring and attentive service to our clients with the goal of obtaining favorable outcomes in their bankruptcy proceedings.

Contact a Long Island bankruptcy attorney today to find out more about bankruptcy credit counseling classes and how they will affect your bankruptcy filing.