While it may seem like hiring a bankruptcy document preparer will save you money in the short term, this is not always the case. Some bankruptcy preparers aren’t legally allowed to give advice, nor can they represent you in court.
Before opting to hire a bankruptcy preparer over a bankruptcy attorney, consider the following:
What Does a Bankruptcy Document Preparer Do?
A bankruptcy preparer helps you gather the financial documents and fill out the paperwork required to file for bankruptcy. They do not give legal advice but can answer general questions about the bankruptcy process.
The bankruptcy preparer also reviews your documents before you submit your petition to the court. In some cases, the bankruptcy preparer may also attend court hearings with you.
How Much Money Does a Bankruptcy Preparer Save You?
It’s difficult to determine exactly how much financial value you’ll gain from working with a bankruptcy preparer. This is because there’s no way to know how much a bankruptcy mistake will cost you unless you make it.
Furthermore, it’s tough to tell whether or not a bankruptcy preparer or bankruptcy attorney is a better financial investment in some cases. Preparers can handle the most basic bankruptcy cases, but might not be as valuable if you have a detailed or challenging case. Furthermore, if you’ll need to negotiate with creditors or deal with lawsuits, it’s important to work with an experienced legal professional.
Are There Any Benefits?
Filing for bankruptcy is a complex and stressful process, but it doesn’t have to be overwhelming. A bankruptcy preparer can help you navigate the system and ensure that all of your paperwork is in order. This saves you money and hassle and provides peace of mind.
However, opting for a preparer over an attorney to save money can end up costing you in the long run. It’s important to consider your specific case before determining if a preparer offers a comprehensive enough service to make it worth your while.
How Do You Find the Right Bankruptcy Preparer for You?
When choosing a preparer, it’s important to choose someone who you feel comfortable with and who has experience handling bankruptcies. You should also make sure that they are licensed and bonded in your state. With the right preparer by your side, filing for bankruptcy can be a smooth and stress-free process.
For many people, the thought of filing for bankruptcy is overwhelming. The process can be complex and confusing, and it’s important to have someone on your side who can help you navigate the system. This is why it’s so important to have the right support and guidance throughout the process. Whether that’s a bankruptcy preparer or a bankruptcy attorney depends on your specific case.
If you’d like to learn more about the differences between a bankruptcy document preparer and a bankruptcy attorney, or you’ve determined an attorney is your best option and you’re ready to begin the filing process, contact the Law Offices of Robert M. Geller at 813-254-5696.