Credit Counseling Requirement

The Credit Counseling Requirement is a step in the bankruptcy process that mandates debtors to receive guidance from a certified credit counselor before filing. This counseling session helps individuals understand their financial situation, explore alternative solutions, and create a plan to manage or reduce debt. The goal is to ensure debtors are making informed decisions and exploring options beyond bankruptcy. The counseling must be completed within a specified timeframe before filing, and a certificate of completion is typically required when submitting bankruptcy paperwork.