Because filing a Chapter 7 or Chapter 13 bankruptcy in Aurora or any other part of Colorado is a serious choice, it’s important you are prepared. You need to understand the lasting effects bankruptcy will have on your assets, income and credit. To better understand bankruptcy, you must complete a credit counseling and debtor education course before and after your bankruptcy.
Credit Counseling in Centennial, Colorado Bankruptcy | Credit Counseling Before Bankruptcy
Debtors must complete a credit counseling course before filing a Chapter 7 or Chapter 13 bankruptcy in Centennial. A credit counseling course will examine your financial situation (income and expenses) and determine whether bankruptcy makes sense for you, or if there are other repayment options available. After you complete credit counseling, you will file a certificate of course completion along with your petition and bankruptcy schedules. You can find a list of approved credit counseling agencies in Colorado here.
Debtor Education in Littleton, Colorado | Debtor Education Required After Bankruptcy
After you file your Chapter 7 or Chapter 13 bankruptcy in Littleton or elsewhere in Colorado, you must complete a debtor education course. Under a Chapter 7 bankruptcy, you must complete the course within 60 days of the initial date of your Creditor’s Meeting. In a Chapter 13 bankruptcy, you must complete the debtor education course before making your final Chapter 13 plan payment. The purpose of a debtor education course is to help you prepare for life after bankruptcy, including helping you learn how to manage finances and use your money wisely. Failing to complete the debtor education course can result in the loss of your discharge and possible fees. Beyond that, you could end up in financial trouble again by repeating the same habits that got you into trouble in the first place.
Bankruptcy Attorney in Greenwood Village for Credit Counseling and Debtor Education Questions: Call Today
If you live in Greenwood Village or any other part of Colorado and you are considering a Chapter 7 or Chapter 13 bankruptcy, contact bankruptcy attorney Barry Arrington to learn more about credit counseling and debtor education course requirements. Barry can help lessen the intimidation of bankruptcy and help you understand whether bankruptcy is the right fit for you. Call Barry today to set up a free initial consultation and be on your way to your best, fresh start.
If you have more questions about credit counseling and debtor education courses in Colorado, contact experienced bankruptcy attorney Barry Arrington today for a free consultation at 303-205-7870. Or, submit the “Get Bankruptcy Help Now” form. Barry will fight to get you the best, fresh start possible.