Advice On Taking An Online Credit Counseling Certificate Course

Posted by OnlineBankRuptCyclass on December 16th, 2013

There are many benefits of bankruptcy as it is one of the quickest ways to give you a fresh start. Moreover if you have any assets, such as a house or car, these may be included in your bankruptcy. Once all your secured debts are written off you can start afresh. Your creditors will not be able to contact you further. But there are some disadvantages such as bankruptcy many have implications for your job and you many have to let go of the present position. In addition you may find it difficult procedure to take out credit, as bankruptcy will remain on your credit file for six years.

Regardless of how differently you look at it bankruptcy is not easy time and it happens when you are simply not able to bring in enough money to cover your bills. Instances of your creditors calling your repeatedly and harassing you may happen. Despite your having tried everything you are not able to prevent the situation and unfortunately you have to go bankrupt.

After trying all the options your last resort is filing for bankruptcy Now after deciding to file bankruptcy you need to find a good bankruptcy lawyer. Though the decision to file bankruptcy is not one to be made light as it will definitely damage your credit rating for a decade or so, a lawyer by your side will tend make your experience bearable. You can search online for a reputable and reliable attorney or ask friends who have been through same situation for a recommendation.

Under federal law, if you are filing bankruptcy you need to acquire credit counseling certificate online from a non-profit qualified agency duly approved by the United States Trustee before filing for bankruptcy.

In order to avoid confusion you must know that people filing for bankruptcy are required to take the bankruptcy classes before they file for bankruptcy but these classes do not educate the debtors on aspects associated to filing of a bankruptcy, in its place these classes known as credit counseling classes aim to educate the candidates on various types of bankruptcies. You can take these classes on internet known as Online Credit Counseling Certificate. The 1st class is known as the pre-filing credit counseling course and is a basic budget class. After filing bankruptcy, the second course must be taken to ensure that the clients’ debts are discharged known as debtor education course.