If you intend to file for bankruptcy, the federal government requires that you complete a mandatory credit counseling course. This must be provided by an approved organization no more than 180 days prior to filing your petition. As Honolulu’s Greg Dunn, Bankruptcy Attorney explains, this should be looked at as more than an obligation. Good credit counseling can help you make the most of the second chance filing for bankruptcy provides, and guide you toward better decisions in the future.

The credit counseling organization provides some valuable information, instructing you on what to expect from your bankruptcy filing. Having an in-depth understanding of the process before you file can make the entire experience less intimidating and help prevent the kind of mistakes that can cause your petition to be rejected. They will also walk you through any alternatives to bankruptcy that may apply to your situation, and help you decide whether any of them may be a better option.

For many people, the most useful aspect of credit counseling is the creation of a post-bankruptcy budget plan, which offers some very attractive advantages to people who have completed the process. Having a budget gives you the sense that your finances may recover, especially if you adhere to it. In doing so, many people gain valuable financial management skills that allow them to take advantage of this opportunity, rebuilding their life, and minimize the long-term consequences of filing for bankruptcy.

When you've decided to seize the reins of your finances, you can count on Greg Dunn, Bankruptcy Attorney to do everything possible to provide the results you need. Visit their website to learn more about their experience and reputation for high-quality legal counsel. Call (808) 524-4529 to schedule your consultation.