New Jersey residents looking to file bankruptcy must first participate in a consumer credit counseling program and receive a certificate of completion that is good for 180 days. Your bankruptcy must then be filed within that time period, with the certificate attached, or the filing will be rejected. But what is the class for?
In essence, it is usually a one-size-fits-all course that talks about ways to avoid bankruptcy by cutting back on your expenses, getting a debt consolidation loan, or refinancing your house. Most people I meet with have already looked into these options and found them not to be helpful.
Even so, if I think there is an alternative to bankruptcy for someone, I tell them. Despite this, the course is mandatory, and takes about 90 minutes, either in person, online, or over the phone, depending on the vendor you choose.
If you live in southern New Jersey and are considering filing bankruptcy, please feel free to call me at 856-432-4113 or contact me through this site for a free consultation in my Woodbury office to discuss your case.
If you are looking for more information about bankruptcy, then download my free book,Top Questions People Ask About Filing Bankruptcy in New Jersey.