EZBankruptcyForms.com REVIEW of 2016 Bankruptcy Software
SCORES 94 out of 100
A review of EZBankruptcyForms.com reviewed bankruptcy software for consumers revealed a comprehensive score of 94 out of a possible 100.
On January 2, 2016 we reviewed EZBankruptcyForms bankruptcy software to make sure their forms matched the government updates from December 1, 2015. We compared the dates of each of those forms to the dates currently accepted by the bankruptcy courts, and found all the dates from EZBankruptcyForms.com matched the corresponding dates from that site.
We then tested and reviewed EZBankruptcyForms versions of both the Chapter 7 and Chapter 13 bankruptcy software in a simulated bankruptcy filing, using information from one of our testers and a credit report obtained by AnnualCreditReport.com by filling out the forms in the order that was supplied by the software.
Text cells (like the debtors name) would auto-populate in the appropriate places throughout the 84-page document. When numeric cells were populated, their totals would be auto-calculated throughout the forms. We were pleased to find both that wherever there was information required, the cells were highlighted, and all the creditors names and addresses entered on Schedules D and E/F were auto-populated on the provided Creditor Matrix, and the totals from all the Schedules were auto-populated on the Summary of Schedules correctly.
Next, we attempted to see if there was a system in place to stop us from entering information incorrectly.
There are several lines of questions from the free forms that are vague to the layperson. Our EZBankrutpcyForms.com review found the "Sticky Notes" were clear and color coordinated by importance to the user.
CHAPTER 7: On Form 122 A-1, there is a command that if "Line 12b is less than or equal to Line 13", do not fill out the subsequent nine-page long Form 122 A-2. When we encountered Line 12b being less than Line 13, we deliberately tried to (erroneously) fill out the subsequent Form 122 A-2. The software would not let us.
CHAPTER 13: Similar to Chapter 7's Form 122 A-1, on Chapter 13's Form 122 C-1 there is a command that if "Line 15b is less than or equal to Line 16c", do not fill out the subsequent Form 122 C-2. When we encountered Line 15b being less than Line 16c, we deliberately tried to (erroneously) fill out the subsequent Form 122 C-2. The software would not let us.
EZBankruptcyForms.com claims their bankruptcy software will give you accurate results and save you a lot of time. We found that the organization of the forms in a style that flows from one to another, along with the auto-population and auto-calculation feature, as well as the "Sticky Notes" included to have you avoid Googling several difficult-to-understand questions will save you a significant amount of time.
RECOMMENDATION FOR CONSUMER: For the individual debtor that cannot afford an attorney, this is a valuable tool at an affordable price that will save you time. It is possible to file with the free forms supplied on the government website, this product is proven to avoid human error while cutting redundancies in time to complete the package from several days to about 5 hours. If saving that amount of time is worth it for you, we would recommend this product.
RECOMMENDATION FOR SOFTWARE: After our comprehensive review, we found very little room for improvement. With that said, EZBankruptcyForms.com bankruptcy software still only provides a software for a limited amount of creditors (either 52 or 82, based on the version purchased). For future versions, we suggest a version that will accept an unlimited amount of creditors.
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