Law Office of Paul Petrillo
Contact Us Today 603-635-4149
Menu Contact

New program aims to reduce the cost of bankruptcy, with a catch

One problem some people face when they are struggling financially is the inability to even afford a bankruptcy. Bankruptcies are not inexpensive, and when people are behind on their bills, it can be hard enough to make ends meet without having to save for a bankruptcy.

To help with this, a student from Harvard has tackled the problem by creating a nonprofit organization. This organization, Upsolve, aims to reduce costs by limiting the amount of time people need to spend with attorneys. However, not all states approve of these services. Even by self-filing, it's advised to have an attorney go over your documents to make sure they're accurate for court. If you fail to declare all your assets, you could face penalties in court.

While this program could help people without access to attorneys, one thing you should know is that your attorney can help you reduce the cost of your bankruptcy or even have the cost spread out over time, so you can get started with professional help on your side. Many people don't have time to go through a bankruptcy alone, and working with an attorney gives you the peace of mind of knowing that you are completing all your documents in a timely fashion.

A normal Chapter 7 bankruptcy costs around $1,300 to file. However, you can normally pay this in installments if the courts agree to allow that. Your attorney can talk to you about the legal options open to you. It may not be as unaffordable as you believe to have the representation you want for your case.

Source: Forbes, "Too Broke To Go Bankrupt? Harvard Student Uses Software To Tackle Problem For Poor," Daniel Fisher, March 02, 2017

No Comments

Leave a comment
Comment Information

Start Your Case Today

Whether you have a family law issue, an estate planning question or are considering bankruptcy, I can help you find a sustainable solution that provides relief and hope. Schedule your consultation at my Nashua, New Hampshire office today by calling 603-635-4149 or by sending us an email.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

email us for a response
Law Office of Paul Petrillo