For many people, the most daunting and frightening thing about filing for chapter 7 bankruptcy is not driven by what they know about the process, but rather about what they do not know. That is, they do not know what to expect — and so they fear and dread the worst.
To alleviate this anxiety, here is a general overview of what you can expect if you move ahead with a chapter 7 filing:
Pre-Bankruptcy Credit Counseling Course
Before you officially file with the court, you must complete a pre-bankruptcy credit counseling course. This course is delivered by various providers around the country, which are approved by the Department of Justice (or at the state level in Alabama and North Carolina, respectively) The course can also be taken online. Enrollment fees vary, but are typically below $50 (and some online courses are less than $20).