Credit Counseling

Kane County Bankruptcy Lawyer

Since 2005, federal bankruptcy law has made it a requirement to complete credit counseling with an accredited agency in order to file a bankruptcy petition. Credit counseling must be completed within 180 days prior to filing. This can be done over the phone, on the internet or in person. Depending upon where you live as well as the particular service you purchase, credit counseling may cost approximately $30 to $50.

A credit counseling course or briefing typically consists of a review of the debtor’s income, expenses, debt and assets. In evaluating the debtor’s personal finances, the debtor and agency can work out a budget plan and discuss potential alternatives to bankruptcy.

If you think that you may be unable to complete a credit counseling course for any reason, it is important that you discuss this with an attorney as soon as possible. There are generally very few exceptions to this requirement, as judges have little to no authority to waive credit counseling. Filing a bankruptcy petition and failing to complete credit counseling may result in the dismissal of your case, and as such it is essential that you address this issue before you file.

Eligibility for Bankruptcy in Kane County, Illinois

At the Law Office of Joseph P. Doyle we assist clients with bankruptcy throughout Kane County, Illinois. Your initial consultation with Attorney Doyle is free, and this will be a valuable opportunity for you to talk to a skilled professional about your financial situation and your options. Attorney Doyle can answer all of your questions about credit counseling and can advise you if you believe you will be unable to meet this requirement.

Learn more about credit counseling and bankruptcy eligibility in Kane County from an experienced and dedicated lawyer. Contact our firm today!