District of Columbia Disclosure of Compensation of Non-Attorney Bankruptcy Petition Preparer - For 2005 Act

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US-B-280
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Description

This form is a disclosure of compensation of a bankruptcy petition preparer. The bankruptcy petition preparer declares that the information submitted is true and correct to the best of his/her knowledge.

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FAQ

A bankruptcy letter should be clear and concise and provide all the necessary information. It should include the name and contact information of the debtor, the date of the filing, the court where the bankruptcy was filed, the case number, and the type of bankruptcy filed.

Fill Out and File the Chapter 7 Bankruptcy Forms Your case starts after filing the completed bankruptcy forms (the "petition"). Because a bankruptcy filing can be up to 60 pages in length, you can use the emergency filing procedure if you're short on time?it requires fewer forms.

The average bankruptcy packet ranges from 40 to 50 pages in length.

The voluntary petition will include standard information concerning the debtor's name(s), social security number or tax identification number, residence, location of principal assets (if a business), the debtor's plan or intention to file a plan, and a request for relief under the appropriate chapter of the Bankruptcy ...

While the average length of a Chapter 11 Bankruptcy case can last 17 months, larger and more complex cases can take up to five years. And following the conclusion of the bankruptcy case, it can still take months for Debtors to begin distributing payouts to the highest priority class of Creditors.

Bankruptcy petitions can be defended the debt is substantially disputed; the debt has already been paid; there is a valid counterclaim or cross claim against the creditor ? which basically extinguishes their debt; there are procedural defects in the petition itself; or. the petition debt is already secured.

Two of the biggest bankruptcy costs are the court filing fee ($338 for Chapter 7 and $313 for filing Chapter 13) and hiring a bankruptcy attorney. If your monthly income falls below a certain level, you may qualify to have this filing fee waived.

The average bankruptcy packet ranges from 40 to 50 pages in length. The beauty of a skeleton filing is that you don't have to complete all of the required paperwork.

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District of Columbia Disclosure of Compensation of Non-Attorney Bankruptcy Petition Preparer - For 2005 Act