Bankruptcy Counseling Related Resources

Glossary of Bankruptcy Terms

The process of filing for bankruptcy can be stressful and frustrating, and the terminology used may sound foreign and unfamiliar. Understanding these terms, however, is important as bankruptcy can be a life-changing event.

Blog: How does a bankruptcy impact your credit score?

Regardless of the type of bankruptcy you declare, it will likely have a considerably negative impact on your credit. How long that damage lasts and how easy it is to recover from depends on a number of factors.

Personal Bankruptcy and Homeownership

If you own a home, and are considering filing for bankruptcy, you are probably wondering how bankruptcy will affect your homeownership. 

How to Get a Bankruptcy Counseling Certificate

A bankruptcy counseling certificate is required to complete the bankruptcy filing process. It's required to ensure that all bankruptcy filers are properly educated about the bankruptcy process. Here's how you can get your own bankruptcy counseling certificate.

How to Get a Chapter 7 Bankruptcy Education Certificate

A bankruptcy education certificate is required to complete the filing process for a chapter 7 bankruptcy. It's required to ensure that all bankruptcy filers are properly educated about the bankruptcy process prior to the discharge of their debts. Here's how you can get your own bankruptcy education certificate.

Options that may help you avoid filing for bankruptcy

Many bankruptcies are caused by unforeseen emergencies. In fact, the most common catalysts to payment problems are medical expenses, layoffs, divorce, and overspending. Based on this knowledge, there are a few simple things you can do to avoid future problems.

Recovering from personal bankruptcy

While bankruptcy does serve to help you obtain a fresh start with your debts, there may be some ramifications. Personal bankruptcy remains on your credit report for ten years, although that does not necessarily mean you won’t be approved for any credit before then.

Understanding the types of personal bankruptcy

Consumer bankruptcy comes in two forms: chapter 7 and chapter 13. Since the requirements and steps involved in each are quite different it's important to understand which is which and why one may be more beneficial to you than another.

Your Rights When Filing for Bankruptcy

Bankruptcy laws are complicated, and it’s often difficult to tell what your rights are when filing for bankruptcy, and what has to be done under law. Consumers do have some rights when filing for personal bankruptcy. Understanding these rights can help you make informed decisions about your financial future.