Many people are looking for ways to file a cheap bankruptcy once they learn how expensive it is to hire a bankruptcy attorney.  Hiring a bankruptcy attorney in today’s economy is very expensive and can cost between $1,000 and $1500.

Cheap Bankruptcy Options

There are only a few options for people who are looking to file a cheap bankruptcy:

  1. Download the bankruptcy forms from the court’s web site and fill them out yourself.
  2. Hire the services of a Bankruptcy Petition Preparer who can prepare all the bankruptcy documentation for you with the information you provide. Please note: A People’s Choice no longer offers bankruptcy document preparation services.

The documentation necessary to file bankruptcy can often consist of 65 to 85 pages. This fact alone makes the task of preparing bankruptcy documentation overwhelming. Many people looking to file a cheap bankruptcy are discovering they can use the services of a Bankruptcy Petition Preparer. This enables debtors to:

  1. Get their bankruptcy documentation completed without the stress of trying to complete the bankruptcy paperwork on their own; and
  2. Allows them to go through the bankruptcy process without having to hire an expensive bankruptcy attorney.

A Bankruptcy Petition Preparer can prepare all the Official Bankruptcy Forms and any other required local District forms. The Preparer’s services must be provided within the guidelines of the Bankruptcy Rules. One of these rules requires the person filing the bankruptcy to complete a questionnaire. The questionnaire provides the Bankruptcy Petition Preparer with the necessary debtor’s information for the bankruptcy paperwork. Before technology, this questionnaire or “worksheet” was a written worksheet which people found long and confusing. With today’s technological advances, many Bankruptcy Petition Preparers use a more user-friendly online interview process. Using an online interview process for bankruptcy document preparation enables bankruptcy debtors to gather and provide all the required information for their bankruptcy paperwork from the convenience of their home or office.

Are All Cheap Bankruptcy Solutions The Same?

Not all non-attorney bankruptcy services are the same. It is important that a person contemplating using a non-attorney Bankruptcy Petition Preparer investigate to make sure they are using a legitimate company. They also need to make sure the service will provide ALL of the required bankruptcy documents for their District, not just the Official Forms.  Bankruptcy documents are not uniform in all Districts. Although the “Official Bankruptcy Forms” are national forms,  in addition to those forms, many State Districts have other “local” forms also required for bankruptcy filings. When a bankruptcy debtor uses the services of a bankruptcy petition preparer, the bankruptcy documentation should include both the Official Bankruptcy Forms as well as any required local forms for the District where the debtor will be filing. Unfortunately our office no longer offers bankruptcy document preparation services, However, if you are in the California Central District, the court offers a free online bankruptcy document preparation service which you may want to check out.

Before you use the services of a Bankruptcy Petition Preparer, check out the companies reviews posted on the internet and contact the Better Business Bureau to find out about their reputation.  Surprisingly enough, Bankruptcy  Petitioner Preparers do not have to have any special license, skill, or knowledge. They also do not need to pass any kind of test to prepare bankruptcy documents for the public. Bottom line….it is possible to find a cheap bankruptcy solution and go through the bankruptcy process without spending thousands of dollars, and without having to hire a bankruptcy attorney.