bankruptcy credit counseling
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The new requirement for bankruptcy credit counseling prior to filing for bankruptcy may be completed by internet credit counseling, phone credit counseling, or group or individual credit counseling at specific, court approved bankruptcy credit counseling agencies. Under the new bankruptcy law, the U. S. Trustee’s Office is responsible for approving bankruptcy credit counselors. The U. S. Trustee’s Office may approve a nonprofit budget and credit counseling agency or an instructional course concerning personal financial management if the nonprofit budget and credit counseling agency meets certain stringent requirements set forth in the law. However, are there advantages of bankruptcy?