As a consumer oriented Lawyer, who has received 2 awards from the Bar Association for helping people, I keep my fees low and am upfront about what they are. Bankruptcy is very cheap compared to the debt load you will wipe out. However, it does take some money.
Most Lawyers will not quote you a fee unless you come into their office. Some of them are charging up to $3,000 for a chapter 7 case. Let me layout the fee and costs; and I will tell you how many clients handle paying for it. I charge a low flat fee of $2,000. There is also a $299 court filing fee. So the entire bankruptcy, to wipe out all your debt, costs $2,299. There are no hidden or extra costs that some lawyers charge. That is a very small price to pay to wipe out $20,000, $30,000 or more in debts!
I allow my clients to pay the fees and cost over a period of up to 90 days before I file their case. That works well for many people. I do not charge to review your worksheets. After I review the paperwork you return to my office, I will tell you if you qualify. Most people do qualify. If you do qualify, then you know your case should go through.
Once people know that they qualify to file bankruptcy, many people then stop paying creditors they are going to wipe out and use that money to pay for their case. For example, if you have been paying the credit card companies or other creditors $600 per month, and you use that money for the retainer, then in 3 more months your case is paid for. That is too short a period for most creditors to do much, other than to call you. Of course it is important to continue paying creditors for items you are going to keep, such as a house or vehicles.
While many people will put aside this money to pay it all at one time, you do not have to pay the fees and costs all at once. You can retain me with as little as $500 to get started. You may then pay the reminder of the fees and costs over 90 days. You can start investing in a solution; rather then continuing to throw money away.
Under the new law there is also mandatory special type of credit counseling (don’t worry – its easy) before your case is filed; and after filing, there is debtor education class. They each cost $50. The approved companies that do the counseling and debtor class charge them same for an individual or couple. You can thank the credit card industry’s friends in Congress and President Bush for all these extra attorney fees and costs.
Keep in mind that even with all these extra costs, the filing fee is the same, whether a husband and wife file together; or there is only a single individual.
I take good care of my clients and their bankruptcies go through smoothly. My clients’ debts have been wiped out in each of the over 7,000 bankruptcies I have filed.
Don’t worry, if you call me and I take your case, you will be well treated. My Secretary and I get many complements and thank you cards. I like helping people get a fresh start. This is an important decision. Give my office a call if I can help.