Bankruptcy Counseling and Financial Education Requirements

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) made many changes to the previous former bankruptcy laws and the BAPCPA now  requires  bankruptcy Pre-Filing Credit Counseling and financial education for all applicants.

For most individuals, whether they should file for bankruptcy is one of the most serious financial decisions they can make.  Consequently, that decision should be made only after knowing what the bankruptcy process entails, the consequences of filing for bankruptcy, and the available alternatives to filing for bankruptcy.

• The pre-filing counseling session will enable consumers to fully understand the potential advantages, disadvantages , and alternatives to, declaring bankruptcy before taking action.

• Also, before a bankruptcy is finalized and debts can be discharged, consumers will be required to complete a pre-discharge debtor education course from an approved agency.

These requirements are designed to provide applicants filing for bankruptcy with the budgeting skills and financial and credit knowledge needed to avoid or lessen any financial disasters in the future.

CCMS is approved to issue certificates in compliance with the Bankruptcy Code. Approval does not endorse or assure the quality of an Agency’s services.

Bankruptcy Counseling Services

Here are three reasons why CCMS can provide the highest quality Pre-Filing Credit Counseling and Pre-Discharge Debtor Education services.

• Customer Service – CCMS has been providing credit counseling and financial education to consumers for the last 20 years.  CCMS is also a HUD approved housing counseling agency.

• Flexibility and Convenience - You can receive our services by phone, internet or in person. You will be issued a certificate when you complete your counseling session.

• High Quality Financial Education – CCMS has high standards for quality credit counseling and financial education. Our instructors have completed certification programs offered by the National Association of Certified Credit Counselors or the Center for Financial Certifications or have a state issued teaching certificate.