For Struggling Consumers, a Cheaper Way to File for Bankruptcy - News Summed Up

For Struggling Consumers, a Cheaper Way to File for Bankruptcy


User-friendly programSome bankruptcy lawyers are pushing back against Upsolve, saying the bankruptcy process is too complex for the average person to navigate alone. Upsolve was founded in June 2016 shortly after Mr. Petts met Mr. Pavuluri at a legal-aid luncheon in Brooklyn. Mr. Petts, a corporate bankruptcy lawyer at Morrison & Foerster who on the side volunteered to help people file for bankruptcy, says they were mutually baffled at how much time the routine data entry for each case took. “I thought, ‘There had to be a way to automate this,’ ” says Mr. Petts, 37, who later left his $200,000-a-year job to help start the nonprofit. A group of more than 40 New York residents began testing Upsolve’s software last year.


Source: Wall Street Journal September 11, 2017 02:14 UTC



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