Articles from Nebraska Debt and Bankruptcy Blog

To be in the credit counseling business you have to be a nonprofit.  Credit card companies will frequently refuse to set up repayment plans with for-profit debt counselors.  Mandatory bankruptcy credit counseling courses may only be sponsored by nonprofits.  And the common perception is that “real” credit counselors should be nonprofit agencies.

I still remember being in the bankruptcy meeting room waiting for my client’s turn to see the Chapter 7 Trustee.  What I saw was a classic mistake made by young and inexperienced bankruptcy attorneys.