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# Streamlined Bankruptcy Platforms
This App Helps Reduce the Stress & Cost Of Filing for Bankruptcy

By Rahul Kalvapalle | Published 2021-12-30 | Tech
Source: Trend Hunter, https://www.trendhunter.com/trends/bankruptcy-platform
References: [wpln.org](https://wpln.org/post/a-new-app-makes-it-easier-for-people-with-medical-debt-to-declare-bankruptcy/) & [upsolve.org](https://upsolve.org/)

![Streamlined Bankruptcy Platforms](https://cdn.trendhunterstatic.com/thumbs/467/bankruptcy-platform.jpeg)

Upsolve is an innovative bankruptcy platform created by a Brooklyn-based [non-profit organization](https://www.trendhunter.com/trends/wingtap) of the same name that is designed to remove the costs, hassle, and stigma associated with filing for bankruptcy.

The app allows users to answer a questionnaire about their situation, similar to the way many free and low-cost income tax filing apps work. The app then helps users generate the various forms required to file bankruptcy with federal bodies whilst also helping users to apply to have court filing fees waived.

Given that bankruptcy in itself is an [extremely stressful situation](https://www.trendhunter.com/trends/destressapp) to find oneself in, the addition of various other expenses, hurdles, and difficulties in the process of filing for bankruptcy only serve to compound the stress and agony, a problem which the Upsolve bankruptcy platform is making strides in addressing.

Image Credit: Upsolve

## Trend Insights (Trend Hunter)

- Score: 1.0/10
- Popularity: 13% | Activity: 5% | Freshness: 11%
- Audience gender: 50% men, 50% women
- Primary generations: Millennial, Gen X
- Top markets: North America

## Categories

[Trend Hunter](https://www.trendhunter.com/trends) > [Tech](https://www.trendhunter.com/tech) > [Mobile](https://www.trendhunter.com/mobile)

## Key Themes

### Key Themes Behind This Trend

- **Digital Bankruptcy Assistance:** Opportunity for companies to create similar streamlined bankruptcy apps and platforms to help individuals file for bankruptcy with ease and affordability.
- **Non-profit Tech Innovations:** Opportunity for non-profit organizations to utilize technology to provide low-cost solutions for challenging issues faced by individuals and communities.
- **Legal Tech Disruption:** Opportunity for legal tech startups to enter the market and disrupt existing legal processes, making them more accessible and affordable for individuals and small businesses.

### Where This Applies

- **Financial Services:** Opportunity for financial services companies to partner with bankruptcy assistance startups to provide additional financial resources and support for those declaring bankruptcy.
- **Legal Services:** Opportunity for legal services companies to adapt and incorporate technology in their services, providing more accessible and affordable legal assistance for individuals and small businesses.
- **Non-profit Innovation:** Opportunity for non-profit organizations to leverage technology to provide innovative solutions for societal challenges and support underserved communities.

## Related on Trend Hunter

- [Financial Challenges Mobile Apps](https://www.trendhunter.com/trends/achieve-good.md)
- [Stress Reduction Finance Apps](https://www.trendhunter.com/trends/moneycoach-app.md)
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- [Divorce-Simplifying Platforms](https://www.trendhunter.com/trends/divorcepath-platform.md)
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