Find the best Bankruptcy Software

Overview
ON THIS PAGE

Compare Products

Showing 1 - 20 of 23 products

PracticePanther Legal Software

PracticePanther is the highest-rated, easiest-to-use, law practice management software on the market. Join tens of thousands of law firms across 170+ countries relying on PracticePanther to optimize their workflows and boost produ...Read more about PracticePanther Legal Software

4.7 (507 reviews)

340 recommendations

Clio

Ranked #1, Clio is the leading law practice management software used by over 150,000 lawyers and with the most 5-star reviews. The only legal software with 1,500+ reviews on Capterra. Lawyers can access and manage their work in ...Read more about Clio

4.7 (1606 reviews)

310 recommendations

MyCase

MyCase is a cloud-based legal management solution that helps attorneys in small to medium size law firms manage communications with their clients and carry out daily business operations. The solution also provides functionalities ...Read more about MyCase

4.7 (690 reviews)

104 recommendations

CARET Legal

CARET Legal is the leading solution for legal professionals to manage their practice and create space for what matters, including delighting clients and maximizing billable time. From client intake, to matter management, to bac...Read more about CARET Legal

4.5 (131 reviews)

29 recommendations

Talk with us for a free15-minute consultation
Software Advice is free because vendors pay us when they receive sales opportunities.
This allows us to provide comprehensive software lists and an advisor service at no cost to you.

Form Illustration Options

Meet Eric, a software expert who has helped 1,534 companies select the right product for their needs.

Tell us more about your business and an advisor will reach out with a list of software recommendations customized for your specific needs.


STEP 1 OF 4

How many users do you have?

Smokeball

Since 2012, Smokeball has evolved into a global practice management powerhouse with smaller firms in mind across the US, UK, and Australia. With a commitment to transforming legal practices through innovation, Smokeball's all-in-o...Read more about Smokeball

4.8 (258 reviews)

27 recommendations

TimeSolv Legal Billing

TimeSolv is a cloud-based legal time tracking and billing solution that caters to law firms, accountants, consultants, architects, and freelancers, helping them manage daily business operations. TimeSolv integrates project ma...Read more about TimeSolv Legal Billing

Sage Intacct

Sage Intacct is a provider of cloud-based financial management and accounting software. Sage Intacct's software solution is suitable for small to midsize accounting firms and can provide financial reporting and operational insight...Read more about Sage Intacct

AbacusLaw

AbacusLaw is case automation software designed explicitly for law firms. The system works as a complete practice management solution that helps in managing workflows including time tracking, billing, and accounting operations. Aba...Read more about AbacusLaw

iDeals Virtual Data Room

iDeals offers on-premise and cloud-based virtual data rooms solutions. It caters to investment banks, legal firms, life sciences, energy, real estate and other large corporations. Primary features include document management, docu...Read more about iDeals Virtual Data Room

Filevine

Filevine is your ultimate legal tech stack, including case and document management, texting, and time and billing features. Powerful AI tools summarize and find inconsistencies in documents in as quick as a few minutes. Get your f...Read more about Filevine

Amicus Attorney

Amicus Attorney is a legal case management software solution to help you manage your growing law practice. Access every case detail in a single, intuitive solution. Automatically capture client and case information, track billable...Read more about Amicus Attorney

Tabs3

Tabs3 Software offers practice management, case management and financials for small to midsize firms in any practice area. Choose from Tabs3 Cloud, hosted, and on-premises server options; all include outstanding US-based support. ...Read more about Tabs3

NextChapter

NextChapter is a comprehensive and user-friendly bankruptcy software solution designed specifically for attorneys and law firms. With its robust features and intuitive interface, NextChapter streamlines the entire process of hand...Read more about NextChapter

Jubilee

Jubilee is a cloud-based solution that helps small law firms streamline the entire litigation lifecycle, from filing bankruptcy cases to generating electronic invoices. It provides a case management module, which enables lawyers t...Read more about Jubilee

Imprima Virtual Data Rooms

The Imprima Virtual Data Room is highly secure, reliable and easy to use. Suitable for any type of Due Diligence transaction. It provides secure data sharing and collaboration for deal-makers, accelerated by built-in AI tools, wi...Read more about Imprima Virtual Data Rooms

Shape

Shape's cloud-based solution offers tools designed to manage online marketing and promotions, capture leads from online sources, organize sales pipelines, connect with customers and automate everyday tasks. Shape is suitable for b...Read more about Shape

Best Case

Best Case by Stretto, used to prepare more than 80% of the bankruptcy cases filed nationwide, represents the industry-leading case preparation and filing software for Attorneys. Providing a myriad of useful and time-saving feature...Read more about Best Case

DecisionRules.io

DecisionRules is Agile Business Rule Engine for Every Industry. DecisionRules helps you speed up everyday processes in financial services, insurance, e-commerce, logistics, healthcare and more. Decision tables are at the core o...Read more about DecisionRules.io

4.8 (4 reviews)

Equator

Equator is the first-of-its-kind online platform that enables investors to seamlessly buy, manage, and sell single-family rental homes within a single platform. Equator simplifies investing in SFRs by providing you with crucial in...Read more about Equator

3.0 (2 reviews)

Amicus Cloud

With Amicus Cloud (formerly Amicus Online) legal practice management software you can access your practice 24/7 from any computer or mobile device. Combine your contacts, cases and calendar in an intuitive system that helps you st...Read more about Amicus Cloud

5.0 (1 reviews)

Buyers Guide

Last Updated: March 16, 2023

Keeping track of details, documents, and deadlines is a priority for attorneys and other professionals who manage bankruptcy cases. Manual methods for compiling and documenting client and case data are time-consuming and increase the chances of human error. Bankruptcy software automates data entry and legal calculations, so law firms can manage bankruptcy cases more efficiently.

This guide explains the features and benefits of bankruptcy software and the various factors you should consider to make a smart purchase that meets your budget and needs.

Here’s what we’ll cover:

What is bankruptcy software?

Bankruptcy software helps lawyers, law firms, and other legal professionals guide their clients through the bankruptcy process. It offers the necessary legal forms, maintains court compliance, allows electronic filing of court forms, and provides bankruptcy case management functionality. The software speeds up case management by automating data entry and legal calculations.

Common features of bankruptcy software

While features vary from product to product, bankruptcy software typically offers some or all of the following functionalities:

Electronic filling

Prepare and file documents remotely. Digitally transmit forms, claims, and petitions to all the case management/electronic case file (CM/ECF) courts.

Document management

Collect, upload, store, and share all documents in a centralized location so everyone involved can access important case documents, messages, and contacts.

Client management

Access a secure client portal to share legal documents, case updates, and more with your clients, co-counsel, and other associated individuals.Communicate directly with clients, schedule meetings, and record client and case details.

Calculators

Automate calculations for means tests, exceptions, and repayment plans. Use case data metrics to calculate the filing chapter, commitment period, and presumption of abuse.

Forms automation

Auto-populate legal data into forms and schedules, reducing the amount of manual time spent on repetitive tasks.

Legal forms library

Use pre-designed, industry-specific forms to simplify bankruptcy filing preparation and eliminate the risk of human error.

What type of buyer are you?

Bankruptcy software addresses the needs of law industry professionals. Understanding which buyer category you belong to will help identify the software solutions that best meet your needs.

Solo practitioners: Attorneys with a solo practice manage both legal cases and business operations. To increase practice efficiency, look for tools that automate repetitive tasks such as form filling, calculators, and task management. Bankruptcy software with a legal forms library reduces manual time spent researching and acquiring industry-specific forms, leaving more time to focus on your clients and case load.

Small firms: Firms with fewer than 10 attorneys need solutions that streamline bankruptcy case management. Look for features that provide necessary forms and ensure court compliance, such as electronic filing, form automation, and legal form libraries.

Midsize and large firms: Midsize firms generally have more than one office location and 11 or more attorneys. Large firms may have numerous locations and law professionals. Both have complex needs due to size and case volume. Look for tools that replace manual tasks and save time for administrative staff. Utilizing features such as forms automation, calculators, legal form libraries, and document management frees up valuable time to attend to clients or perform other tasks.

Benefits and potential issues

Bankruptcy software offers multiple benefits that help law professionals work more efficiently.

  • Reduce case preparation and filling time: Electronic filing allows digital document transfer to courts and other applicable regulatory authorities. Use pre-designed, court-compliant forms to simplify case preparation. Save time by auto-populating legal data in recurring fields, such as debtor's identity, jurisdiction-specific data, and case numbers.

  • Simplify legal calculations: Automate legal calculations for means tests, exemptions, commitment periods, and repayment plans. This tool also utilizes vital data, such as current monthly and disposable income, to measure factors such as presumption of abuse. Attorneys and staff spend less time performing calculations for each form in the bankruptcy case.

  • Update bankruptcy rules and forms automatically: Automating updates and changes to forms and rules simplifies the document management process and ensures ongoing court compliance. Whenever the courts update forms or federal rules change, your form library updates all affected forms, including revised consensus and form feature updates.

Key considerations when purchasing bankruptcy software

Each bankruptcy software system has its own target end users. Some allow only attorneys to file petitions, while others allow paralegals, petition preparers, and virtual assistants to file under the attorney's license. Some solutions include do-it-yourself (DIY) functions for private citizens but lack the process automation that attorneys need. Before making a purchase, verify that the software's features fit your needs.

Market trends to understand

Here are some market trends related to bankruptcy software that you should be aware of:

Cloud-based software solutions improve case management efficiency. Attorneys, paralegals, and other key stakeholders can remotely access forms and data from a variety of devices and locations. This helps bankruptcy attorneys work from anywhere while staying connected to their firms and clients. Access cases, key documents, client information, and more without having to make a trip back to the office.

Artificial intelligence (AI) reduces time spent on repetitive tasks. AI technology analyzes data in order to recognize patterns and draw informed conclusions. Law firms save valuable time by automating form creation, calculations, time tracking, and legal analytics.