If you're overwhelmed by debt and considering filing for Chapter 7 bankruptcy without an attorney, two prominent DIY tools can assist you: Upsolve and Fresh Start Finance. Both platforms aim to simplify the bankruptcy filing process, but they differ in features, pricing, and user experience.
This guide provides a side-by-side comparison to help you determine which solution best fits your needs.
| Feature | Fresh Start Finance | Upsolve |
|---|---|---|
| Type of Service | DIY Bankruptcy Filing Software | DIY Bankruptcy Filing Software |
| Automation Features | Automatic Creditor Import (Soft Credit Pull) | Automatic Creditor Import (Soft Credit Pull) |
| Case Updates | Automated Updates Including 341 Meeting | Limited |
| Credit Rebuilding Tools | Free Credit Rebuilding Portal | Educational Resources |
| Filing Checklist | Yes – Comprehensive and Court-Specific | Yes |
| Provides Informational Call | Yes | No |
| Support | Phone, Email, And Text Support | Community and Email Support |
| Support Home Owners | Yes | No |
| Support Above Median | Yes | No |
| Support Joint Filers | Yes | No |
| Potentially For | Individuals Willing to Pay for Enhanced Features | Low-Income Individuals Seeking Free Assistance |
| Platform Accessibility | Web-Based + Mobile | Web-Based + Mobile |
| Cost | Free Trial ($99.99 one-time payment) | Free |
Fresh Start Finance is a for-profit company that provides an affordable, easy-to-use bankruptcy software to simplify the self-filing process. Their platform automates many aspects of the filing, aiming to save users time and reduce errors.
Key Features:
Cost: $99.99 one-time payment
Trial: Free trial available with access to the voluntary petition
Automation: Automatically imports creditor information using a soft credit pull
Process: Step-by-step guidance with a comprehensive filing checklist
Support: Automated case updates and a free credit rebuilding portal
Upsolve is a nonprofit organization that offers a free, user-friendly platform to help low-income individuals file for Chapter 7 bankruptcy. Often referred to as the "TurboTax for bankruptcy," Upsolve guides users through the process, ensuring they understand each step and requirement.
Key Features:
Cost: Free
Eligibility: Focused on low-income individuals in the U.S.
Process: Guided questionnaire to complete bankruptcy forms
Support: Educational resources and community support
Credit Impact: Provides tools and advice for rebuilding credit post-bankruptcy
Upsolve is best suited for individuals who qualify for free assistance and prefer a nonprofit approach with community support.
Fresh Start Finance offers enhanced automation and support features for a one-time fee, making it ideal for those willing to invest in a more guided experience.
Both platforms aim to simplify the bankruptcy filing process, but your choice depends on your budget, need for automation, and desired level of support.
Choosing between Upsolve and Fresh Start Finance depends on your specific needs and financial situation. If cost is a primary concern and you meet the eligibility criteria, Upsolve provides a comprehensive free solution. However, if you prefer additional features like automated creditor import and real-time case updates, Fresh Start Finance's one-time fee might be a worthwhile investment.
Before deciding, consider evaluating both platforms to determine which aligns best with your comfort level and requirements.
