I am a finance director and my banks look at it as if you do not go through with it now you can go on to bankruptcy, so now you have another hit against your credit because the creditors do report that you have had to have counceling. So there is the slow pays that put you in the situation the counseling and the bankruptcy. and know one ever gets paid on time very often. I have always seen bankruptcy help more than the counseling. chapter 7 wipes it all out and chapter 13 lets you repay. good luck in what you decide to do. I will pray you get some relief.