Pre-Bankruptcy Credit Counseling in Dallas

If bankruptcy is on your mind, a Dallas, Texas bankruptcy attorney can go over the process with you so you better understand what to expect. In order to file for bankruptcy in Texas, you must first take part in a credit counseling class. The class must be completed at a state-approved program and within six months prior to filing, per the 2005 Bankruptcy Act.

During your counseling experience, you can expect a 60 to 90 minute in-person session with your counselor, online or via phone. These sessions usually cost around $50, but this may vary depending on the organization you choose. If you are unable to pay, you can request a fee waiver and receive the session free of charge. This must be done prior to counseling begins, though.

Your credit counselor will provide you with a thorough evaluation of your debts and financial situation. They will help you create a customized budget plan and will discuss with you alternative solutions to your financial woes, ones that don’t include filing for bankruptcy. Once you’ve completed your session, you’ll be provided with a certificate of completion. This is required to proceed further in the bankruptcy filing process.

If you or a family member is considering filing for bankruptcy, speak to an experienced legal professional first to go through the process and review the advantages and disadvantages of filing. Call 888-584-9614 to discuss your case with the Dallas Texas bankruptcy lawyers at Warren & Migliaccio today.