Bankruptcy counseling is required
Image Source: Flickr User Chris Potter
For those deep in debt and unable to stay head above water financially, Chapter 7 or Chapter 13 bankruptcy can be a viable option to address your dilemma. In addition to bringing in all of your financial documents to your attorney consultation, be prepared to take a prebankruptcy counseling course before you are allowed to file your petition. The course has been required by law since 2005 as part of the Bankruptcy Reform Act. Here are five things you should know about this course.