Important Information You Must Know Before Filing a Bankruptcy Petition

BEFORE you file for bankruptcy, you MUST obtain Credit Counseling and include an official counseling certificate with your petition.

List of Approved Credit Counseling Agencies: District of New Jersey

It is very important that you comply with this provision of the Bankruptcy Abuse and Consumer Protection Act of 2005.

If you do not obtain Credit Counseling BEFORE you file for bankruptcy, your case will be dismissed.

If your case is dismissed, you may not be allowed to file another petition for 180 days. If you file another case within one year of the dismissal, the protection provided by the Bankruptcy Code may be limited.

Please be aware that it is very difficult to obtain credit counseling after your petition is filed. There are specific exceptions to the credit counseling requirement as set forth in 11 U.S.C. §109(h)(4).

If you are considering filing for bankruptcy, it’s a good idea to seek the advice of competent legal counsel.

For more bankruptcy information, visit www.njbankruptcylawyer.com