Running a busy bankruptcy practice in the environment of today is demanding speed, accuracy, and cost-effectiveness — an increasingly difficult balance to reach with the use of in-house teams.
The rising costs of personnel, heavy caseloads, and strict deadlines are stretching many firms to, and beyond, their limits.
But there is good news: A reputable Legal Process Outsourcing (LPO) provider such as GSB LPO Services can help you achieve affordable bankruptcy petition drafting without sacrificing the quality your clients expect or the compliance requirements that courts require.
Why Bankruptcy Petition Drafting Is So Expensive for Law Firms
Bankruptcy filings – including Chapter 7, Chapter 11, and Chapter 13 cases – require extensive and specific documentation using hundreds of pages of reliable documentation, frequent modification statements, taking the Bankruptcy Code, local rules and federal rules into consideration, and careful compliance with all of those different and complicated requirements.
The costs of a bankruptcy case add up fast and are due to:
- Compensation and Benefits: Bankruptcy paralegals and first and second-year attorneys in the US make shocking salaries of $60,000 to $120,000 per year, not including bonuses or healthcare, or training expenses.
- OT and Temp Employees: A bankruptcy attorney may have to pay a lot of money in overtime fees for bankruptcy paralegals, or hire temp employees, especially during the dead line crush of various peak filing periods e.g. taxing season or the big debt collection after the holidays. Paying overtime might peak at level 1.5, let alone if inexperienced temp workers are trusted with work.
- Technology Fees: Hiring and storing documentation in “filing” systems, and cloud-based storage fees, as well as bankruptcy-specific systems like BestCase or JubileePro, might have monthly or thousands of dollars per user to track a bankruptcy case.
- Recruiting and Training: Recruiting and training take 6-12 months and thousands of dollars’ worth of recruiter fees and time, and on average, 38% turnover per year.
- Cost of errors: Mistakes in bankruptcies can be costly like missing something or not being compliant with the law when a bankruptcy trustee objects, or understanding the fines and one strike you’re out issues with the court, or malpractice risks. The dues for correcting errors may be expensive, or at a minimum, clients may be unhappy.
Bottom Line: Preparing and managing bankruptcy filings in-house is a high-cost, high-risk process.
How Outsourcing Bankruptcy Petition Drafting Saves You Money — Without Risking Quality
Choosing to outsource with a specialized LPO provider like GSB LPO Services gives your firm a way to save valuable operating expenses of up to 50-75% and create greater accuracy in the timeliness of your filings. Here is how:
- Affordable Pay-As-You-Go Pricing: Instead of paying a full-time salary, you only pay for the specific petition or documents you need, whether that is a single emergency filing or dozens of Chapter 13 and 11 plan amendments.
- Pay-per-petition pricing
- Flat monthly packages
- Discounts for bulk work
- Trained Bankruptcy Paralegals: The trained professionals at GSB LPO Services are trained in U.S. bankruptcy law, including means tests, exemptions, trustee preferences, and local filing procedures. All documents meet court-ready/best practice standards that are designed to meet the local jurisdiction where you practice.
- Three-Layer Quality Review: Your documents go through a quality review process of three layers of review:
- Drafting by a trained paralegal
- Peer review by trained paralegal
- Audit by a final reviewer with attorney experience
This minimizes filing errors and trustee objections, which means less time responding to needless corrections and happier clients.
- 24/7 Flexibility: With global teams collaborating across multiple time zones, GSB LPO Services can usually deliver fully drafted petitions within 24-48 hours, even faster in the case of emergency petitions. Outsourcing allows the firm to finally take urgent cases without putting additional strain on its overworked associates and staff.
- Compliance First: Bankruptcy court compliance rules change constantly and are dissimilar in each district. Everything is prepared under our complete compliance audits, including:
- Updated local forms
- Correct plan formats
- Means tests completed correctly
- Private exemptions and schedules of assets done correctly
Eliminate costly trustee objections to plans and threats of dismissal with GSB’s total compliance.
Why GSB LPO Services Is the Best Choice for Affordable Bankruptcy Petition Drafting
When you engage with GSB LPO Services, you are not just saving money — you are investing in reliability, flexibility, and peace of mind.
Bankruptcy Knowledge: We offer bankruptcy support services, unlike generalist KPOs or BPOs.
ISO 27001 Security Certification: Your sensitive client data is secured and protected via encrypted servers, secure file transfers, and NDAs.
Custom Service Models: We adapt to your practice’s distinct characteristics — whether you focus on consumer bankruptcy, business filings, or high-volume Chapter 13 process.
Unqualified Communication: Our dedicated project managers will ensure you always know where we are in relation to your timelines, drafts, and quality assurance.
Pilot Projects: We offer firms the opportunity to start small — check us out on a few cases, and measure the results with absolutely no risk!
Conclusion: Save Smarter with GSB LPO Services
Quality bankruptcy filings don’t have to come at a large cost. When your firm partners with GSB LPO Services for economical bankruptcy petition drafting, your firm can:
– Reduce operational costs by 75%
– Issue faster, cleaner, court-ready petitions
– Free attorneys and paralegals to do their highest and best work
– Scale quickly to adjust for peaks in bankruptcy filings
In this landscape of heightened competition in the legal community, the smartest law firms are outsourcing – not because they have to, but because they feel it is the best strategic move.
Ready to Start Saving Without Sacrificing Quality?
Email Us: [email protected]
Visit: www.gsblposervices.com
Book Your Free Pilot Project: Let’s show you how much your firm could save — risk-free.
Partner with GSB LPO Services — and let your firm focus on winning cases, not chasing paperwork.