Disclosure of Compensation of Bankruptcy Petition Preparer is an official form that must be filed with the U.S. Bankruptcy Court in order for a bankruptcy petition preparer to legally receive payment for their services. This form requires the bankruptcy petitioner to disclose all compensation received from the bankruptcy petition preparer, including fees, commissions, and other benefits. The form must also provide an itemized breakdown of how the petition preparer will divide the compensation among the parties involved, including the debtor, creditors, attorneys, and trustees. There are two types of Disclosure of Compensation of Bankruptcy Petition Preparer forms: the Standard Form and the Short Form. The Standard Form requires more detailed information about the compensation received, while the Short Form requires less detailed information.
Disclosure of Compensation of Bankruptcy Petition Preparer is an official form that must be filed with the U.S. Bankruptcy Court in order for a bankruptcy petition preparer to legally receive payment for their services. This form requires the bankruptcy petitioner to disclose all compensation received from the bankruptcy petition preparer, including fees, commissions, and other benefits. The form must also provide an itemized breakdown of how the petition preparer will divide the compensation among the parties involved, including the debtor, creditors, attorneys, and trustees. There are two types of Disclosure of Compensation of Bankruptcy Petition Preparer forms: the Standard Form and the Short Form. The Standard Form requires more detailed information about the compensation received, while the Short Form requires less detailed information.
