Benefits of Credit Counseling
Credit Counseling Attorney
Madison ● Milwaukee ● Oshkosh ● Green Bay ● Sheboygan
The bankruptcy code amendments of 2005 include a significant change requiring individuals to seek credit counseling prior to filing Chapter 7 or Chapter 13, and debt education before bankruptcy is completed. Without these mandatory counseling classes from an approved agency, you cannot submit a petition for bankruptcy or have your debts legally discharged. The experienced bankruptcy lawyers of Debt Advisors help residents in Milwaukee, Dane, Brown and Winnebago counties get a fresh start through bankruptcy and credit repair services.
We believe it is always good to know where your hard-earned money is going, and we can help you register for the required credit counseling and debt education classes. Contact us at one of our four offices in Milwaukee, Green Bay, Madison or Oshkosh, Wisconsin.
Wisconsin Debt Management Service Lawyers
Required attendance in the credit counseling class can provide you with alternatives to filing for bankruptcy. The class may be taken in person, over the telephone or online and usually lasts no more than an hour. Once completed, you have the option to continue the bankruptcy process. While many creditors prefer that you seek debt consolidation rather than filing for bankruptcy, it pays to be wary of debt consolidation scams. Our bankruptcy attorneys will help you understand your options so that you can make informed decisions about how to proceed.
In addition to the credit counseling class, you are also required to attend a debtor education class before your debts are legally discharged by the bankruptcy court. A counselor in this class can help teach you money management skills including:
- Recognizing the warning signs of unmanageable debt
- Credit repair & setting a reasonable budget (Download Budget Worksheet)
- Dealing with identity theft and debt collectors. (Learn about FDCPA)
- Understanding credit report myths and truths
Debt education class
This is a proactive means to address both you current financial problems, and any future challenges that you may face. Our comprehensive approach to consumer bankruptcy can help you repair your credit report and other life after bankruptcy concerns.
Contact a Credit Counseling Bankruptcy Attorney Today
While credit counseling and debtor education are not free the courses offer valuable financial advice. Contact Debt Advisorsfor an appointment to discuss how we can help you make a fresh start.
We are a Debt Relief Agency. We help people file for relief under the Bankruptcy Code.