Bankruptcy law forces the attorney to “investigate” a client’s financial affairs closely. This investigation, combined with the preparation, planning and all other work involved in ensuring a case goes well, takes time. More time than it did prior to 2005 when the Bankruptcy Code was dramatically changed.
Both prior to the law change in 2005 and after, a common question attorneys hear is…”how much does it cost”?
The most common answer has stayed the same as well…”it depends”.
It depends because…every case has a different set of facts and every person is unique.
Despite this, we try, as do most attorneys, to set a flat fee for bankruptcy clients after review of the situation as follows:
Under Median Consumer Chapter 7 – $1650-$1800 Over Median Consumer Chapter 7 – $1800-$2100 Under Median Consumer Chapter 13 – as low as $500.00 but typically $1000.00 upfront remainder paid through plan monthly Over Median Consumer Chapter 13 – $1500.00 upfront remainder paid through plan monthly Continue reading