Bankruptcy petition preparers are professionals who assist individuals who are considering filing for bankruptcy. A bankruptcy petition preparer provides guidance and advice to help the individual decide which type of bankruptcy is best for them, and guides them through the paperwork and filing process. Bankruptcy petition preparers are not independent attorneys; however, they are often knowledgeable about the bankruptcy process and provide invaluable help to individuals considering filing for bankruptcy.
Roles and Responsibilities of a Bankruptcy Petition Preparer
Bankruptcy petition preparers typically have several roles and responsibilities. They typically provide guidance and advice to clients regarding their specific situation and help clients understand the types of bankruptcy available to them, the pros and cons of each, and the specifics of filing for each. Bankruptcy petition preparers often help clients with the paperwork associated with the bankruptcy filing process, and will review it with the client before the client submits it to the court. They will also provide assistance during the hearing, if applicable. Additionally, a bankruptcy petition preparer may provide guidance to the client to help them understand their obligations post-filing, such as budgeting, management of finances, and the proper use of credit.
Is Hiring a Bankruptcy Petition Preparer Necessary?
While it is not necessary to hire a bankruptcy petition preparer when filing for bankruptcy, doing so can provide invaluable assistance to an individual considering filing. Bankruptcy petition preparers are knowledgeable about the process, and can provide essential guidance throughout the filing process. Furthermore, they can be helpful in helping an individual to file their paperwork accurately, and ensure that their bankruptcy filing is as painless as possible.