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What are the benefits of the pre-filing counseling session?

April 26, 2017Benefits counseling pre-filing session

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What are the benefits of the pre-filing counseling session?

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For most individuals, whether to file bankruptcy is one of the most serious financial decisions they will make. That decision should be made only after knowing what the bankruptcy process entails, the consequences of filing for bankruptcy and the available alternatives to filing for bankruptcy. The pre-filing counseling session will enable consumers to fully understand the potential advantages, disadvantages and alternatives to declaring bankruptcy before taking action, although it is not meant to provide legal advice or be a substitute for sound advice from a competent lawyer of your choosing.