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Understanding the Bankruptcy Process

Deciding whether or not to file for bankruptcy is an arduous decision. American Consumer Credit Counseling is here to assist, and this infographic outlines the steps during the bankruptcy process. 

Though bankruptcy filings declined nationwide in 2012, bankruptcy still remains a top concern for many consumers who are still struggling to recover from the recession. Currently, medical bills are the leading cause of bankruptcies, representing 37 percent of all filings. Of those, 78 percent had health insurance. Furthermore, many will be surprised to know that a quarter of bankruptcy filings come from households with an annual income of $60,000 or more. 


Bankruptcy Process Infographic 

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American Consumer Credit Counseling is a non-profit credit counseling and debt relief company dedicated to helping consumers with solutions for paying off credit card debt and eliminating debt for good. We offer free credit counseling and low-cost debt management services that can help pay off unsecured credit card debt quickly – usually within five years or less. After reviewing a client’s financial situation, our counselors discuss all the possibilities for finding unsecured debt relief. We can offer debt consolidation advice, explain how debt negotiation works, or discuss the pros and cons of debt settlement solutions vs. credit card consolidation offers. We can also enroll consumers in a low-cost debt management plan, one of the most effective methods for anyone who wants to know how to pay off credit cards fast. And we can provide the pre-bankruptcy credit counseling certification and post-bankruptcy debtor education required by the courts in bankruptcy cases.

American Consumer Credit Counseling - Consolidate Debts - Better Business Bureau American Consumer Credit Counseling - Consolidate Debts - Mass Housing Approved National Industry Standards for Homeownership Education and Counseling American Consumer Credit Counseling - Consolidate Debts  - Council on Accreditation American Consumer Credit Counseling - Consolidate Debts  - NFCC Member