Declaring bankruptcy is a legal way,
to start over.
- Our goal is always to help you become debt-free.
- There are times the debt is so high Debt Management is not realistic.
- While it is an option, declaring bankruptcy resolves your debt legally.
- This decision should not be made lightly—there are long-term consequences.
- CC of Minnesota offers high value Bankruptcy Counseling at low-cost to help you.
Let CC of Minnesota evaluate your situation first to help you make the best decision for you.>
What happens during the Bankruptcy Counseling?
A counselor explains the process, how we work with you and your creditors to manage the repayment of your debt and build a budget that works for you. From our debt management plans, you’ll get:
- One monthly payment
- Lower interest rates
- No more debt collector calls to your home
- Improved credit score over time
What CC of Minnesota Will Help You With.
Pre-bankruptcy counseling
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires that you complete an approved session of credit counseling before declaring bankruptcy. A pre-bankruptcy session will be completed online with a brief phone follow-up with one of our certified counselors. After completing the session, you'll receive a certificate and qualify to complete the bankruptcy filing process. Pre-bankruptcy counseling sessions will teach you about:
- The bankruptcy process and the consequences of declaring bankruptcy
- The difference between Chapter 7 bankruptcy and Chapter 13 bankruptcy.
- Alternatives: debt consolidation, debt management programs, other options for paying off debts
- A personal budget counseling session to help you examine your financial circumstances
Pre-discharge education workshop
Once your bankruptcy has been filed, but before it is discharged, the Bankruptcy Code requires that you complete additional training. Our Pre-discharge Education Workshop provides you with the information and skills you'll need to take charge of your finances. This workshop can be completed online or it is offered in our office once per month. After completing the workshop, you will receive a certificate to qualify for final discharge of your bankruptcy petition.
- The benefits and risks of declaring bankruptcy
- Developing sound financial habits and setting goals for your financial future
- Rebuilding your credit: understanding and using credit wisely
Why Choose Our Bankruptcy Program?
While bankruptcy was not what you envisioned for yourself, we will help you get through this. CC of Minnesota is committed to outstanding customer service, the lowest possible fees, and extended hours. Our Client Support Department is open M-TH from 9am - 8pm and Friday from 9am-5pm EST. We provide a wide variety of other consumer credit counseling services.
Non profit organization, helping thousands restore their financial health
No large upfront fees to help you.
You meet with certified counselors in-person, by phone, or online.
Lower cost filing fees, required to file for bankruptcy.
CC of Minnesota Lowcost Bankruptcy Counseling Fees
To help defray the costs of this valuable service, we charge a $50.00 fee per person. Under certain circumstances, we can waive the fee. Waiving the fee will be assessed based on regulations from the state, written verification of your family's monthly gross income, and Federal Poverty Level Guidelines.
Frequently Asked Questions
Bankruptcy can affect your creditworthiness for 7 years. This is a very long time to wait for a car loan, a mortgage, or lower interest and fees credit cards. Bankruptcy can affect more than just loans. Many different organizations look at bankruptcy in a negative way long-term, which is why we suggest exploring a Debt Management repayment plan before you make this decision.
We are here to help.
Contact us today to get started.
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Call (952) 544-6800
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