Bankruptcy - Do I Need an Attorney?

IF SO, HOW DO I PICK ONE?

Welcome

Do I Need an
Attorney?

How to Pick an Attorney

Typical Cost for a Simple Case

 

Typical Costs for a Simple Bankruptcy Case


TAKE A LOOK AT THE COSTS INVOLVED. REMEMBER THAT YOU WILL BE RELIEVING YOURSELF OF A LOAD OF DEBT IF THE CASE IS PROPERLY DONE. IN ADDITION, ONE MISTAKE IN THE TIMING USED TO FILE YOUR CASE, IN THE WAY YOUR NON-EXEMPT PROPERTY IS DEALT WITH, OR IN THE OPTIONS YOU SELECT COULD COST YOU FAR MORE THAN THE ATTORNEY FEES INVOLVED.

FINALLY, REMEMBER THAT THIS IS FOR A "SIMPLE" CHAPTER 7 CASE. IF YOUR CASE IS IN "ANY WAY" MORE COMPLICATED, DON'T EVEN CONSIDER THE "DO IT YOURSELF" OR THE "PETITION PREPARER" METHOD. IN ADDITION, THE "CUT RATE ATTORNEY" WILL BE MORE LIKELY TO COST YOU BY DOING A POOR JOB. IN ADDITION, THE "CUT RATE ATTORNEY" WILL OFTEN LURE YOU IN WITH PROMISES OF A LOW FEE AND YOU WILL OFTEN PAY THE SAME (OR CLOSE TO THE SAME) FEE AS A FULL SERVICE ATTORNEY.

SIMPLE CHAPTER 7 CASE

 
FILING FEE CLASS FEES ATTORNEY FEES NOTES
DO IT YOURSELF $306.00 $45 - $75
$0
*1
PETITION PREPARER $306.00 $45 - $75
Typist - $500
*2
CUT RATE ATTORNEY $306.00 $45 - $75
$900 - $1,200
*3
FULL SERVICE ATTORNEY $306.00 $45 - $75
$1,200 - $2,500
*4


NOTES:

*1
You take all the risk of doing something wrong and must know all of the requirements and court rules. If you mess up and have to refile, you'll have two bankruptcy cases on your credit record.

*2 The Petition Preparer is not an attorney and may try to convince you that he keeps up with the rules but legally all he can do is type the information you give him onto the papers. He cannot give you legal advice and will not be liable if you take his advice.

*3 Hope your "cut rate" attorney knows what he is doing and has the time to personally care. He may have a slew of clients and do as little as he can on each. Finally, be sure to read your fee contract and make sure that there aren't little items that you have to pay extra for or you may pay a "full service" price for a "cut rate" attorney.

*4 This attorney will give the proper time to your case, is responsible for doing things right, and has a desire to maintain his reputation with the Court. Not a lot of risk here if you use the clues and suggestions set forth in this web site. This is the only way to go if your case is complicated in ANY WAY!