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.
Is this blog still active? If so In Colorado not only do you fill out form 119 in the petition, prior to accepting any money you have to give the customer a copy of the Bankruptcy Petition Preparer Guidelines for them to initial, sign and date. Give them a copy and you have to keep a copy for 2 years.
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