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The popularity of do it yourself bankruptcy kits remains high
primarily because of attorney fees. Kits and software programs provide a
valuable resource for debtors filing the simplest cases, yet also pose a
significant danger to all debtors who own significantly valuable assets.
Do it yourself bankruptcy kits and software programs are designed
primarily to complete forms.
As a matter of black letter law, they may not provide legal advice.
For unsuspecting debtors facing objections, motions to dismiss, or
adversary proceedings, the savings of a few hundred dollars is little
comfort when re-filing is prohibited for 6 months. Most dismissals are
the result of innocent errors, neglect, and inexperience. Compared to
the cost of dismissal and potential loss of exempt assets that may
result, the cost of legal representation is negligible. Do it yourself
bankruptcy software may be the most affordable means of filing, yet
seldom produces as favorable results as personal legal representation.
Software reviews for interactive voluntary petition bankruptcy forms
Bankruptcy software instructions and examples may be the most
important feature of any do it yourself bankruptcy software programs you
consider. Without clear instructions, programs are of little use. For
instance, a Chapter 13 bankruptcy payment example, using the proper
formula and interest rate, prevents unnecessary motions to dismiss. Many
software venders offer a free download of a trial version to review
their product before purchasing.
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