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Bankruptcy case dismissed for flawed credit counseling 

Published: December 20, 2011

Tags: CHAPTER 13, credit counseling

A Chapter 13 case could be dismissed because the debtor failed to complete both the Internet and telephone portions of his mandatory prepetition credit counseling, the 6th Circuit Bankruptcy Appellate Panel has ruled in affirming judgment.

Ineligible debtor may ‘commence’ bankruptcy case 

By: Pat Murphy
Published: August 27, 2010

Tags: automatic stay, Bankruptcy Abuse Prevention and Consumer Protection Act, credit counseling

A debtor may “commence” a bankruptcy case and receive the protection of the automatic stay – even though he has failed to meet the new credit counseling requirements for bankruptcy eligibility, the 2nd Circuit has ruled in reversing judgment.

Study says debt settlement companies better than credit counseling 

By: Reni Gertner
Published: June 3, 2009

Tags: credit counseling, debt settlement companies

Consumers seeking to manage their debt have higher success rates when using credible debt settlement companies rather than credit counseling services, says The Association of Settlement Companies (TASC), based on its analysis of both industries.

More debtors finding bankruptcy is ‘best option’ 

By: Reni Gertner
Published: May 22, 2009

Tags: credit counseling

A national credit counseling organization reported Thursday a 42 percent rise in the number of people seeking debt relief assistance whose best solution is found to be bankruptcy after credit counseling.

More consumers using credit counseling services 

By: Reni Gertner
Published: March 30, 2009

Tags: bankruptcy filings, credit counseling

Another result of the current economic crisis: more consumers are seeking out credit counseling.

According to an article in USA Today, in 2008, 3.2 million consumers contacted the National Foundation for Credit Counseling, up from 2.2 million in 2007 and 1.4 million in 2006.