Do yo have to go through credit counseling before declairing bankruptcy now? is that the law?
Answers:
Yes, you have to go through a class before filing and another one afterward. They are both of short duration and cost any where from 75.00 to 100.00 each
yes, your attorney should help you find one
Yes. Under the new bankruptcy laws you must go through 6-months of credit counseling first and then take whats called a means test. This test determines weather you qualify for chapter 7 (liquidation) or chapter 13 (payment plan).
If you make over the average annual yearly income for your State, you will be forced into chapter 13.
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