ACCC’s Client Login allows current clients to access their program information, including the due date, program benefits, and other documents.

Select a Client Login below based on the service that you are currently enrolled in:

Debt Management Program

Client Login

Bankruptcy

Pre-Bankruptcy Client

Post-Bankruptcy Client

Not yet a client, but looking to get started?

ACCC offers debt relief options to individuals and families that are suffering from stress related to credit card debt by providing effective credit counseling, helping to consolidate debt, and advising on debt management.

Get Started

Wait!

You are now leaving the Consumer Credit website and are going to a website that is not operated by ACCC. We are not responsible for the content or availability of linked sites.

Are you sure you want to leave?

No, return me to the previous page.

Yes

Things To Know Before Filing for Bankruptcy

filing for bankruptcyHeavy loads of consumer debt coupled with economic uncertainty sometimes forces consumers to file bankruptcy. This is a legitimate financial route and shouldn’t be dismissed or underestimated. However, there are certain things to know before filing for bankruptcy.  

Things to Know Before Filing for Bankruptcy

For those consumers who are considering filing for bankruptcy, here are some things to know!

Educate yourself on the process.

Bankruptcy can be complex and overwhelming. It should not be undertaken alone. Utilize online resources and do your homework to become more familiar with what to expect. Talk with any friends or relatives who may have undergone a bankruptcy in the past.

Get a good picture of your finances, including a copy of your credit report.

The first step in the process is to know where your credit score and credit history currently stands. Also, have a good understanding of your overall financial portfolio. Your credit score will fall dramatically once you’ve filed and will take about seven years to recover.

Find a bankruptcy attorney.

All too often consumers think they can save on legal fees by avoiding an attorney. However, the guidance and support you get from hiring an attorney far outweighs the costs. It is important to feel secure by having a reputable and knowledgeable attorney to help guide you through the process and avoid dismissal.

Enroll in a pre-filing credit counseling course.

If a consumer plans to file for bankruptcy protection, they are required to get credit counseling from a government-approved organization within 180 days before filing. This session should include an evaluation of the personal financial situation, a discussion of alternatives to bankruptcy, and a personal budget plan. On average the counseling session should last about 60 to 90 minutes.

Prepare for the financial future and how to improve your credit rating.

One of the easiest ways to start re-establishing credit is with a secured credit card from a bank, which requires that the consumer provides the lending institution with money and the bank will give the consumer a credit line equal to that amount. Also, create long-term goals, such as saving for a home, to help motivate you to save.

ACCC provides both the pre-bankruptcy counseling and the post debtor education course that the government requires before a consumer can file their bankruptcy and discharge debts through bankruptcy. Call 800-769-3571 today!

ABOUT AUTHOR / Dilini

Dilini is a Marketing Communications & Programs Associate at ACCC. To anyone, managing finances can be a real challenge! Any tips and tricks to help get through this are great! Dilini will share her experiences, tips, and tricks along the way through the Talking Cents blog. Stay tuned!

View all author posts →

Dev Tool:

Request: blog/things-to-know-before-filing-for-bankruptcy
Matched Rewrite Rule: blog/([^/]+)/?$
Matched Rewrite Query: post_type=post&name=things-to-know-before-filing-for-bankruptcy
Loaded Template: single.php