Colorado Petition Preparer Guidelines

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Before you consider hiring a petition preparer for your Colorado bankruptcy, you should find out the typical duties of this professional. The main purpose of a petition preparer is to type up the documents you need for bankruptcy, saving you time since there is a lot of paperwork. In return, you can expect to pay up to $150. If more money is requested, choose a different petition preparer because these professionals cannot charge more for their services without breaking the bankruptcy regulations. In addition, petition preparers who ask you for the court filing fees should be reported, since you alone are supposed to turn those in to the clerk of the Colorado bankruptcy court. Get to know more about what this professional can do, and what is not allowed.

What to Expect from a Colorado Petition Preparer

You need to let the petition preparer know which documents you need for bankruptcy so they can be typed up and ready for you to fill out. While most experienced petition preparers are aware of the necessary forms, every case is different, and it is not their job to know which documents apply to your case. If you are not sure of the steps to take to file for bankruptcy, consider hiring a lawyer. A petition preparer is best for those who know how to proceed but just do not have the time to prepare the documents.

What a Petition Preparer Cannot Do for You

Do not expect to get legal advice from a Colorado petition preparer, including which chapter you should file, or whether you should file at all. You cannot expect help filling out the forms, either, as only you can perform this duty. As you continue your bankruptcy case, you may have questions about which assets you can keep, which Colorado exemptions apply to you and which of your debts will be discharged. The only person who can accurately answer these questions is a lawyer. If your petition preparer even attempts to answer, a bankruptcy regulation has been breached.

Further on in the bankruptcy process, you might wonder whether you can keep your house, or what will happen to any liens or taxes you owe. Other common concerns include whether you should reaffirm debts or redeem property, and what you can do in the event of an objection to a discharge. While these are typical questions, they cannot be answered by a petition preparer. If you cannot find out these answers through your own research, it is wise to use a lawyer.

Talk to a Colorado Bankruptcy Attorney

The best place to go for help is an attorney. Most offer a free initial consultation so you can decide whether this kind of legal help would be worth paying for in your case.