Sunday, April 12, 2015

Disclosure/Disclaimer Statement, Make sure you have it!


            As a bankruptcy petition preparer you must have a disclosure statement.  This disclosure statement is to state that you as a bankruptcy petition preparer are not an attorney. That as a non-attorney you cannot give legal advice or practice law.  This statement may also contain descriptions of different examples of legal advice a bankruptcy petition preparer are not authorized to give. Also it will have the maximum fee amount allowed by the district court in which you are filing in as per 11 U.S.C. § 110. Both the debtor and the bankruptcy petition preparer will then sign this statement.