Is credit counseling a requirement for filing for Chapter 7 Bankruptcy?

Yes, credit counseling is a requirement for filing for Chapter 7 Bankruptcy in Idaho. In order to file for Chapter 7 Bankruptcy, you must first participate in a credit counseling course offered by an approved provider. This course must take place within the 180 days before filing for Chapter 7 Bankruptcy and must be from an approved, government-approved, nonprofit agency. The course helps ensure that the debtor fully understands the implications of filing for bankruptcy and how it will affect their finances. The credit counseling also provides individuals with information on debt repayment plans and budgeting. A certificate of completion must be included with your Chapter 7 Bankruptcy documents, so make sure to keep a copy of this important form. Credit counseling is also a requirement for discharging (ending) a Chapter 7 Bankruptcy. In this case, the course must be taken within the 60 days after you file for bankruptcy. It is important to note that credit counseling is not the same as credit repair. Credit counseling offers individuals assistance in understanding their financial situation and exploring options for debt repayment, while credit repair is more focused on removing negative information from a credit report. Credit counseling is required for filing for Chapter 7 Bankruptcy in Idaho, so make sure to complete the course before filing.

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