Debt Kit -- Settle unsecured debts for half of amount owed Credit Kit -- Improve credit rating and reduce monthly bills $200+ |
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Debt > Credit Counseling > The New Bankruptcy Law and Credit Counseling |
The New Bankruptcy Law and Credit Counseling Revisions to the Bankruptcy Code will become effective October 17, 2005. These revisions require consumers planning to file bankruptcy to obtain, at their own expense, credit counseling services before filing bankruptcy. One should expect to see hundreds of new credit counseling services popping up all over the place to handle the new demand. After all, about 1.5 million people file for bankruptcy each year. If all of them are required by law to seek credit counseling beforehand, there will need to be many more credit counseling services to handle the tremendous workload. |
Debt > Credit Counseling > The New Bankruptcy Law and Credit Counseling |
Related articles: |
Debt Kit -- Settle unsecured debts for half of amount owed Credit Kit -- Improve credit rating and reduce monthly bills $200+ |
