Cost of Bankruptcy: Credit Counseling

Contributed by mm | October 3, 2006 12:36 AM PST

From Bankrate, which is running a revealing series about how much a bankruptcy will truly cost.

From Bankrate:

Consumer credit counseling, mandatory under the new law, usually costs $50 each for the pre-filing credit counseling and the pre-discharge financial education course, although the services must be provided regardless of the debtor's ability to pay. The service is offered over the phone, in person and on the Internet.

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