Pre-Filing Credit Counseling Now Mandatory
The Bankruptcy Code now requires that you obtain a credit counseling certificate from an approved credit counseling agency prior to filing a Chapter 7 or Chapter 13 case. While you are free to select any credit counseling vendor Clark & Washington recommends the Consumer Financial Education Foundation of America (CFEFA), because of its convenience (online or phone education) and low cost ($35 for single or joint filing certificate).
You can visit the CFEFA website at www.cfefa.org.
Whenever possible, you should obtain your credit counseling certificate as soon as you can. Remember, this certificate is mandatory (with very limited exception) and the certificate remains valid for 180 days. Call our office if you have any questions about the pre-bankruptcy credit counseling requirement.
CFEFA can also help you with the 2nd education requirement mandated by the Bankruptcy Code - the financial management course.
You can read more about the credit counseling and financial management course requirements on our blog.