In addition to counseling, certification from a non-profit credit counseling agency is required as part of the bankruptcy filing. To become certified, you must have one or two sessions with a counselor. After overcoming this obstacle, you will be able to continue with the bankruptcy proceedings.
Meeting with a counselor is only one part of the process. Before meeting with this person, you are required to complete and submit certain forms during your counseling sessions. The first of these forms is the certification of income. It will list your income and a fee schedule. A budget form must also be filled out, but it is self-explanatory and should be straightforward to comprehend.
Once these forms and your certification have been completed, your counselor will finalize your credit counseling affidavit and agreement. These forms will be certified by your counsel, but you must also include a copy of your state ID. Before you can proceed with filing your bankruptcy paperwork and payment, you must present the court clerk with all of these forms.
It is conceivable that you can obtain this service online or over the phone. Numerous businesses offer their services in-office, and their session schedules are extremely flexible. After completing these procedures, you should be prepared to submit the required paperwork to the bankruptcy court.
You will need to know what to anticipate during this court proceeding. Remember that you must attend another counseling session in order to plan for a better future. Keep in mind that this planning session will assist you in regaining your financial footing and preparing for the future.
While the bankruptcy process may appear to be a lengthy one - and it is - attempt to view it as a learning opportunity and something you never want to experience again. A Chapter 7 bankruptcy filing has a negative impact on your credit score and remains on your credit report for ten years, making it a serious matter that should not be taken lightly.
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