If you are in a bad financial situation where you feel there is no hope for you to recover, bankruptcy may be your only option. People who have lost a job or do not have enough income to cover all of the growing expenses may need to consider the different options that they can take. If you are going to apply for bankruptcy, you may be required to obtain bankruptcy counseling before you can file.
Most courts will require people who are applying for a bankruptcy to get a bankruptcy credit counselor. These counselors will need to be approved by the court. If you fail to meet the requirement of obtaining a bankruptcy counselor, you may have to start the approval process all over again. Even if your bankruptcy is not a result of financial mismanagement, counseling is often required by the courts.
Most courts will give you a list of different credit counselors that are approved. Before you see a counselor your need to make sure they are approved by the courts. You can often get the courts to approve most counselor you choose; you just need to contact them.
A bankruptcy counseling service will help teach you different skills to help avoid you getting into the same bad credit situation. They can go through all of your debt with you and see if there are any ways that you can recover your financial situation without going through a bankruptcy process. Bankruptcy credit counseling is a good thing to do before you decide to file for bankruptcy because it will show you some different alternatives to bankruptcy.