Although the Bankruptcy Code allows independent paralegals to act as bankruptcy petition preparers without attorney supervision, the paralegal may not tell a debtor which of the following?

Question

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Bankruptcy petition preparers, including independent paralegals, are limited in the scope of their services. They can help with paperwork but cannot provide legal advice, which includes advising on the retention of property, the dischargeability of debts, or the tax consequences of filing for bankruptcy. These topics require legal interpretation and advice, which can only be provided by a licensed attorney.

Although the Bankruptcy Code Allows Independent Paralegals to Act as Bankruptcy