In the United States, bankruptcy is being reshaped as economic uncertainty, rising interest rates, and financial stressors from the pandemic weigh heavily on everyone’s minds. We are seeing an upscale in bankruptcy filings. Many law firms now feel the administrative burden of preparing, reviewing, and filing petitions on time across the board.
For law firms and bankruptcy attorneys that are stretched, GSB LPO Services is here with a solution built for efficiency and scale: a trained virtual team for remote bankruptcy petition assistance. GSB LPO Services is committed to assisting with your backlog and increasing efficiencies in the back office, so that you can focus on achieving better outcomes for your clients.
Bankruptcy Filings Are Surging – and So Are the Challenges
Over the past year alone:
- In the United States, over 517,000 bankruptcy cases were filed, representing an increase of 14.2% in filings from the prior year.
- Bankruptcy courts in 86 of the 90 districts reported rising caseloads.
- Weekly filing volumes have reached their highest volumes since 2019.
These numbers demonstrate a pressing problem – there are too many cases and not enough employees in law firms to complete filings timely manner using only internal resources. The result? Missed deadlines, off filings, overworked attorneys, and unhappy clients.
The Hidden Costs of a Bankruptcy Petition Backlog
A pile of unprocessed bankruptcy petitions isn’t just a problem for your workflow—it’s a risk to your firm’s reputation and financial stability. Consequences include:
- Missed deadlines and rejected filings with the court
- Client frustration with delays in receiving legal relief
- Lost revenue from inefficient use of legal staff
- Compliance risks from rushed or inaccurate filings
Every delayed petition leads to additional liability and less capacity for your firm to provide timely, quality service.
How GSB LPO Services Solves the Problem
At GSB LPO Services, we provide customized remote bankruptcy petition assistance with a dedicated virtual team trained in U.S. bankruptcy processes. We take on the heavy lifting so that your legal team can focus on higher value work.
- Speed and Turnaround: Being based in India allows us to work overnight for U.S. firms, so we can prepare and deliver most bankruptcy petitions within 24–48 hours. Even during the busy peak filing periods, your firm can meet its deadlines.
- Accuracy and Compliance: Our team is skilled with Chapters 7, 11, and 13 filings. Each petition is prepared to meet federal court standards with proper formatting, creditor matrices, and the latest legal updates.
- Scalability and Flexibility: Your firm can submit 50 petitions a month or 500. If you need to scale up, we can accommodate growth. You can obtain immediate capacity, plus there is no need to do additional internal hiring or internal training of staff with the accompanying delays or costs.
- Cost Efficiency: By utilizing GSB LPO Services to assist with the routine legal support, firms may reduce overall operational costs by 60%. You received the same (or better quality) for less.
Our Bankruptcy Support Services
We provide a complete array of supportive services to clear your petition backlog:
Petition Preparation and Filing: Complete preparation of bankruptcy petitions for Chapters 7, 11, and 13, including schedules, statements of financial affairs, and means test forms.
Creditor Matrix and Documentation Support: Compilation and confirmation of creditor lists; verifying proper formatting for court compliance.
Document Assembly and Management: Organizing, scanning, labelling, and indexing all supporting documents necessary to be filed.
PACER Docket Management: Monitoring deadlines, hearings, and communications to the court to avoid delays and missed deadlines.
Trustee and Creditor Communications: Managing standardized communication and document production with trustees and creditor attorneys.
A Proven Model: Case Study
A medium-sized bankruptcy law firm in California had accumulated a backlog of 500+ bankruptcy petitions. Their internal staff was overwhelmed, leading to late filings and unhappy clients.
After employing GSB LPO Services:
- They cleared the entire backlog in six weeks
- Turnaround time was reduced to under 48 hours per case
- They saved over 200 internal hours every month
- The team’s focus returned to their court appearances and client strategies
This is the strength of a co-managed virtual legal team.
What Makes GSB LPO Services Different?
Expertise in the Field: Our team has advanced training in U.S. bankruptcy law. We are not a generalist firm; we are specialists in the legal and bankruptcy processes.
Secure and Confidential Workflow: We use encrypted file transfer systems as well as adhering to strict protocols in data safety. All work is monitored by confidentiality agreements and quality control monitoring. We can also communicate to clients from other firms as they show an interest in service via legal advertising that you as the firm have indicated.
Dedicated Point of Contact: You will have a project manager in the U.S. working with our offshore team to ensure productivity and clear communication.
Customized SOPs: We design custom workflows for each firm based on their needs. Whether they are using Clio, MyCase, or proprietary software, we can seamlessly fit into their environment.
Performance Reporting: You will receive continuous reporting throughout the process: completion of tasks, accuracy rates, and turnaround times. To make sure you have full transparency and control.
Take the First Step Today
If your firm is dealing with a backlog of bankruptcy petitions that is only getting larger, GSB LPO Services can help you reduce it—quickly. Our remote support model for bankruptcy petitions produces high-quality results quickly, with lower costs, time, and enhanced efficiency.
Set up a call with our onboarding team for a free consultation. Let’s build a support plan to customize the service to fit your needs, and help your firm keep ahead of the demand.