Upsolve: Nonprofit Helps You File Chapter 7 Bankruptcy For Free

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Upsolve is a nonprofit 501(c)(3) organization that helps anyone file for bankruptcy on their own behalf. They are not a legal service, but more of a free self-service software tool and step-by-step guide. Essentially “TurboTax for Bankruptcy”, given that both are overly complex (although TurboTax is definitely for-profit while Upsolve never asks for payment). Users can also interact with each other on a Facebook group, although no lawyers are involved. Found via Time’s Best Inventions of 2020.

Upsolve focuses on Chapter 7 bankruptcies, which are generally involve less-complex situations and households with below-median incomes. Chapter 7 can generally discharge unsecured debts, including credit card debt and medical bills. According various sources, the average cost to pay an attorney for file Chapter 7 is about $1,500. Now, that might be worth it if you have a more complex situation (and the ability to pay), but perhaps those with a simple situation might want to take a shot at representing themselves.

In 2019, Upsolve got 80% of their funding from government funding and charitable contributions, and 20% from accepting payments from private independent attorneys that pay to be mentioned for a free consultation if you require professional assistance. You can also support them by making a tax-deductible donation. They are very young so they are not rated by Charity Navigator or Guidestar.

I admittedly know very little about this process, but I figure it’s good to spread the word about free assistance offered to those with limited resources during these difficult times.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

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