Unfair and Deceptive Acts and Practices: 9.4.3 Bankruptcy Petition Preparers
Various types of non-attorney operators purport to offer assistance to debtors in filing bankruptcy petitions. Many of these document preparers are either fraudulent or incompetent, making promises which they cannot keep and extracting fees that far exceed the value of the work performed. As a result of these schemes, many victims file for bankruptcy, only to lose their homes or other assets due to the preparer’s incompetence.