Do I have to attend a credit counseling course to file for Chapter 7 Bankruptcy?

Yes, if you decide to file for Chapter 7 Bankruptcy in New Hampshire, you will have to attend a credit counseling course. This is a mandatory requirement of the bankruptcy process in New Hampshire and a requirement of the Bankruptcy Code. Credit counseling courses are designed to help you understand the details of filing for bankruptcy, the legal obligations that come with it, and the financial management skills that will be necessary to help you rebuild your credit after the discharge of your bankruptcy. The counseling courses generally last about two hours and are offered either in person or online. After the credit counseling class, you will have a better understanding of the complexities of bankruptcy and how it can affect your financial situation. You will be given an individualized budget plan to help you manage your money more effectively, and you will learn how to rebuild your credit over time. The credit counselor will also provide you with information on how to avoid incurring additional debt and how to better manage your financial affairs in the future. The cost of the credit counseling course will vary from provider to provider, and it generally ranges from free to $50-$150. After the course is completed, you will have to provide your counselor with their certification of completion of the course, which you will then file with your bankruptcy petition. This course is an important step in the Chapter 7 Bankruptcy process, and it will provide you with the knowledge and skills necessary to help you rebuild your financial life after a discharged bankruptcy.

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