Bankruptcy Budget & Credit Counseling—
More Than One Way Out

More Than One Way Out is comprehensive budget and credit counseling that is required prior to filing for a discharge of debts through bankruptcy. In this session, the counselor provides:

• An introduction to pre-filing budget and credit counseling including an acknowledgement of financial problems and an overview of the session.
• Bankruptcy overview, specifically reviewing what bankruptcy is and some of the requirements and terms that the consumer will encounter as they proceed.
• Consequences of bankruptcy such as loss of property, impact on credit history and availability of future credit.
• Advantages and disadvantages to bankruptcy alternatives including information on self-administered repayment, agency debt management plan, debt settlement and consolidation. Non-recommended options such as credit “repair”, pay day loans and subprime loans also will be covered.
• Budget analysis will review income, living expense, assets and liabilities making a plan that includes necessary changes.
• Living within a budget includes increasing income, reducing expenses, modifying lifestyle and techniques to accomplish these changes.

Counseling Fee: $50 per person, this includes material and certificates of completion.

Click here to schedule an appointment.

Consumer Credit Counseling Service
Tracy Gran, Director
705 East 41st Street, Suite 100
Sioux Falls, SD 57105
1-605-330-2700
1-888-258-2227
Fax: 1-605-357-0150
Email: Consumer Credit Counseling Service

Accredited by the Council on Accreditation for Children and Family Services.
A member of National Foundation for Credit Counseling (NFCC).
A HUD approved Housing Counseling Agency.

© Lutheran Social Services.
All Rights Reserved.