Being placed back on the road to financial freedom doesn’t always involve credit repair or debt settlement options. Involuntary circumstances sometimes provides us with the only option of “Bankruptcy”. Bankruptcy helps those who can no longer pay their debts allowing them to get a fresh start by liquidating assets to pay their debts or by creating a repayment plan. Bankruptcy laws also protects financially troubled businesses.
According to The Unites States Department of Justice there are (2) courses that must be completed when filing for Bankruptcy.
- Credit Counseling (Prior to filing Bankruptcy)
- Debtors Education ( After filing Bankruptcy)
Please consult with an attorney before making any decisions regarding Bankruptcy.