Bankruptcy is a legal process through which people who cannot repay debts to creditors, can relief from paying some or all of their debts.

When someone “files bankruptcy”, there is a literal document filing that takes place, (usually an electronically filing).

Anyone who learns how to draft bankruptcy petitions can fill out the forms and schedules of a bankruptcy petition for an attorney or law firm that is representing someone filing bankruptcy.

The field of bankruptcy petition drafting is one of the best home-based business opportunities in existence.

For starters, bankruptcy is growing by leaps and bounds, and there is a huge need for people that are skilled in drafting highly detailed and accurate bankruptcy petitions.

Furthermore, no legal experience is required!!! You can learn the skills necessary to become a work-from-home (or work from anywhere) bankruptcy assistant at your own pace, in the comfort of your own home.

With the advanced skills that we teach, you can confidently get a job working for any law firm that provides consumer bankruptcy services, or you can start your own home-based business drafting bankruptcy petitions remotely for attorneys anywhere in the United States.

Bankruptcy assistants typically set their own work hours, and work the schedule that fits their lifestyle. This allows for starting and growing your bankruptcy petition business at home while going to school, working a part-time or full-time. Most of our students start this way.

The skill of drafting bankruptcy petitions pays well (up to $100/hr or more when self-employed), and allows you to work as much or as little as you like, putting you in control of your time and money.

You can learn all of the skills necessary to become a working bankruptcy assistant in a very short period of time.

It’s a good feeling to be able to help people that are experiencing a difficult time in their life. They appreciate you, and the attorneys do too.

This opportunity provides freedom to live where you want, and do what you want, when you want, with who you want. All you need is a computer with an internet connection, and you can draft bankruptcy petitions from anywhere on the planet. Imagine never missing another important event.

Last, but not least…it’s pretty fun!

When I drafted my first bankruptcy petition, it took about 5 hours, and I got paid $300 for the work. That’s about $60/hr.; not too shabby. After drafting about 5 petitions I was already getting faster at it, and could probably have gone back and drafted that first petition from scratch in half the time it originally took. This doubles the pay to $120/hr. The more you learn, the more you earn!

Every case is a little bit different, but with time and experience, most Chapter 7 bankruptcy petitions can be drafted in 2-3 hours. Chapter 13s have a couple of additional forms, so they take a bit longer, but bankruptcy assistants also get paid more for drafting Chapter 13s.

Great question, because the answer to the question is very exciting!

Most of our students begin drafting petitions as a “side-hustle”, and increase their hours and income over the course of several months to a year.

• Drafting just one bankruptcy petition per month, (3-5 hours of work), earns an average of $400.
   
• Drafting just 5 bankruptcy petitions per month, (about 5 hours of work per week), earns an average of $2,000/mo.
   
• Drafting 10-15 petitions per month (10-20 hours per week) earns 4,000-$5,000 per month.
   
• Our most successful students have gone full-time to earn a six-figure income.

There is no specific amount of time that it takes to become proficient at drafting bankruptcy petitions. Each individual’s personal and professional experience, commitment level, study habits, among other variables all play a part in how long it will take to learn the skills required of a bankruptcy assistant. With that said, most of our students complete their studies in 2-6 months.

No way! Some of our most successful students never pursued an education beyond high school.

As far as equipment goes, all that you need is a computer with internet access, email, bankruptcy software (which is free for you), and a phone. Beyond that, all you need is bankruptcy petitions drafting skills, which is what we’re here to provide you with!

713training.com does not recommend or endorse any particular bankruptcy software product. Bankruptcy uses a certain set of forms and schedules, and all bankruptcy software complete these same forms. Whatever bankruptcy software the attorney has a license for, is the one that you would use to draft bankruptcy petitions.

Absolutely! When bankruptcy laws changed in 2005, a higher level of skill became necessary to complete the bankruptcy forms. It has been proven that a highly-detailed and accurate bankruptcy petition is the cornerstone of the debtor bankruptcy law firm, and the attorneys that represent them in court.

They sure do. Attorneys, especially those in smaller law firms, understand that it is much more cost effective to pay someone to work from home, than to hire in-office staff.

In addition, since 2020, remote work has become the norm in several industries, and legal is no exception.

YES! Because the work is remote, once you learn the skills of preparing well-detailed bankruptcy petitions, you can work for attorneys in your local area or in any state within the U.S. This provides tremendous opportunity for either employment or running a bankruptcy assistant service.

We find that for most of our students, about half of their work comes from attorneys in their home state, and the other half comes from attorneys all across the country.

No. Bankruptcy assistants work under the direction of attorneys do not need insurance.

Licensed attorneys must abide by a Code of Regulations that state that THEY are ultimately responsible for any errors made by them, their legal staff, and contractors. Because the attorney bears the responsibility of liability, you DO NOT need any sort of errors and omissions insurance, bond, or liability insurance of any type, whether you are an employee of the law firm, or running your own bankruptcy petition drafting service.

By popular request, 713training.com has developed the bankruptcy petition certification program that allows those that become certified to provide attorneys with the assurance that they possess the necessary skills to draft highly detailed and accurate bankruptcy petitions.

Being a certified Bankruptcy Petition Specialist™ is not required to work and be successful drafting petitions, however, we created the certification program by popular demand of our students who desired to have a credential that proves they know how to accurately and completely draft Chapter 7 and Chapter 13 bankruptcy petitions, and is a way to differentiate yourself and put yourself ahead of the competition. For this reason, we include a sitting for the exam(s) as part of the course for free when you enroll.

Our training materials are designed to help people from all walks of life to be able to learn how to draft bankruptcy petitions, whether they have any legal experience or not.

The open-book bankruptcy petition exam is based off of the training materials offered by BankruptcyTrainingCenter.com. With this in mind, a solid understanding of these training materials is what is needed to pass the Bankruptcy Petition Specialist™ certification exams for Chapter 7 and Chapter 13 bankruptcy petitions.

The bankruptcy petition process begins when the attorney has their client fill out a questionnaire designed to gather information needed for the bankruptcy petition.

When the client has completed the questionnaire, the attorney sends it to the bankruptcy assistant who begins inputting the information into the bankruptcy petition.

The bankruptcy assistant will communicate with the attorney to obtain any additional information needed for the petition that was not provided in the questionnaire, and do additional research to support the data in the petition.

It takes training to uncover hidden assets and liabilities that many clients omit from their questionnaire due to their lack of knowledge in bankruptcy. This benefits the client and the attorney considerably, and is just one reason why many attorneys prefer to hire professionally trained bankruptcy assistants. The average law firm employee or paralegal has never received this level of training.

Once the petition has been completed, it is sent to the attorney for review.

After the attorney reviews the petition and supporting documentation, if the attorney requires any changes, they are communicated to the bankruptcy assistant who makes the requested changes, and returns the final petition to the attorney for approval.

When the attorney is ready, the bankruptcy petition is electronically filed with the court.