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Help is Available if you Think You Need to Declare Bankruptcy

Our Certified Counselors Can Guide You Through the Process

If you think you have to declare bankruptcy because your debts are too high and there is no way you can pay, the law dictates that you must complete a bankruptcy counseling session and obtain a certificate of completion before you can file for bankruptcy. Advantage CCS is approved to provide bankruptcy counseling, bankruptcy education classes and certificates in Alaska, Arkansas, California, Florida, Hawaii, Louisiana, New Mexico, New York, Ohio, Pennsylvania, South Dakota, Tennessee, Texas, Washington, West Virginia, and Wyoming. Advantage CCS is approved to provide these services by the Executive Office of the United States Trustees (EOUST).

Our bankruptcy counseling explains the process and consequences of declaring bankruptcy, details their options, and provides them with bankruptcy counseling and advice on how to rebuild their financial future. Upon completion of the bankruptcy counseling session, Advantage CCS will issue the completion certificate required as part of the pre-filing conditions.

When you have completed the bankruptcy counseling session, if you decide to proceed with filing for bankruptcy, be advised that Advantage CCS does not complete bankruptcy paperwork, provide legal advice or act as an attorney.

Types Of Bankruptcy

Chapter 7 bankruptcy, provided for under United States federal law, entitles the filer to a fresh start. Chapter 7 bankruptcy typically eliminates most kinds of unsecured debt, which can include credit card debt, medical bills, most personal loans, judgments resulting from car accidents and deficiencies on repossessed vehicles. Additionally, Chapter 7 bankruptcy filers usually get to keep all of their property: home, car, and personal belongings.
Chapter 13 bankruptcy is basically an interest-free debt repayment plan through which the filer’s debts are consolidated and payments are made on the debt over a three to five year period. While in a Chapter 13 debt repayment plan, creditors cannot collect from you and they are required by a Federal Court to adhere to the terms of the plan.

One key element to Chapter 13 bankruptcy is that the filer must be working or have a consistent source of income in order for the repayment plan to be approved by the court. Chapter 13 bankruptcy filers must be able to pay for monthly living expenses in addition to being able to make a payment to the court to consolidate their debts. Debts that can generally be consolidated under Chapter 13 bankruptcy include: mortgage arrears, balances on vehicle loans, student loans, credit card debts and other unsecured debts. All outstanding debts must be included in the Chapter 13 consolidation.

If you proceed with bankruptcy, the law dictates that you must complete a bankruptcy education class prior to your debts being discharged by the court. Advantage CCS is certified by the Executive Office of the United States Trustees (EOUST) to provide the pre-discharge bankruptcy education class. In order to enroll in Advantage CCS bankruptcy education class, you must have a certificate of completion for the required pre-filing bankruptcy counseling session. The bankruptcy education class will help you create a budget, teach you money management techniques and show you how to use credit wisely.

Our bankruptcy education class is available online in every state except Alabama, North Carolina and Oregon. We also have 12 locations in Pennsylvania for on-site classes. The fee for the bankruptcy education class is $25. If you are filing for bankruptcy as a married couple, each spouse must complete the class individually.

Let Advantage CCS help you determine if bankruptcy is your only option or if there are other choices open to you. Our certified credit counselors can provide you with the required pre-filing bankruptcy counseling session and the pre-discharge education class, issue your certificates of completion, and help you get your life back on track.

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