{"id":28419,"date":"2022-12-30T11:25:00","date_gmt":"2022-12-30T11:25:00","guid":{"rendered":"https:\/\/businessyield.com\/?p=28419"},"modified":"2023-02-07T12:00:17","modified_gmt":"2023-02-07T12:00:17","slug":"bankruptcy-attorney-fees","status":"publish","type":"post","link":"https:\/\/businessyield.com\/bs-business\/bankruptcy-attorney-fees\/","title":{"rendered":"BANKRUPTCY ATTORNEY: Fees & What To Expect From One","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

Your bankruptcy attorney will be your advocate and guide through what can be a difficult process. Taking the time to contact a few lawyers and knowing what to look for can help you successfully file for bankruptcy.
\nWhen looking for an attorney to assist you in filing your Chapter 7 or Chapter 13 bankruptcy case<\/a>, look for expertise, a reasonable fee, and a communication style that you are comfortable with.
\nSeek personal referrals from friends and family, as well as your own attorney, to find a local bankruptcy attorney. You can also find bankruptcy attorneys through the National Association of Consumer Bankruptcy Attorneys. Individuals that want to file for bankruptcy have the option of doing so without the assistance of an attorney.<\/p>\n

In addition, if your case is simple, representing yourself may save you money on legal fees. It is not, however, always a good idea. If your Chapter 7 case involves valuable assets, or if you want to file for Chapter 13 bankruptcy, going it alone may cost you more than you save.<\/p>\n

What Is the Role of a Bankruptcy Attorney?<\/span><\/h2>\n

Because the term \u201cbankruptcy\u201d conjures up such negative connotations in the minds of consumers, they frequently overlook the true reason for filing: A) It shields you from creditors; and B) it relieves you of some, or possibly all, of your debt obligations.<\/p>\n

And that is exactly what a bankruptcy lawyer should do: protect your assets from debt collectors and find a way to release you from financial obligations.<\/p>\n

While it is legal to file for bankruptcy \u201cpro se\u201d \u2013 on your own \u2013 statistics show that hiring an attorney, regardless of whether you file for Chapter 7 or Chapter 13, will result in a much happier outcome.<\/p>\n

Lawyers represented consumers in 91.5 percent of the 486,347 Chapter 7 cases filed in 2017, according to Ed Flynn of the American Bankruptcy Institute<\/a>. Lawyers were successful in having their clients\u2019 debt discharged \u2013 that is, eliminated \u2013 in 96.2 percent of the cases. In other words, 428,097 people walked away from court debt-free.<\/p>\n

People who represented themselves in Chapter 7 bankruptcy cases, on the other hand, were only successful 66.7 percent of the time.<\/p>\n

The statistics are even more startling for consumers who file for Chapter 13 bankruptcy. Consumers who represented themselves were successful only 2.3 percent of the time. When an attorney represented a client in a Chapter 13 case, the success rate increased to 41.5 percent (debts were discharged after completing a repayment plan).<\/p>\n

So, if your financial situation has deteriorated and you want to be protected from creditors and relieved of debt obligations, a bankruptcy lawyer could be your ticket to a new beginning.<\/p>\n

What Can I Expect From My Bankruptcy lawyer?<\/h2>\n
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\"bankruptcy<\/a>
Bankruptcy Logo<\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n

What exactly does a bankruptcy lawyer do? The following are some of the most common types of services you can expect from your bankruptcy attorney if you hire a Chapter 7 or Chapter 13, bankruptcy attorney.<\/p>\n

#1. Expect Your Bankruptcy Attorney to be Competent<\/h3>\n

Not all bankruptcy cases are complicated, but they are also not all simple. In either case, your bankruptcy lawyer should have the necessary skills to handle your case.<\/p>\n

In general, the difficulty of your bankruptcy will be determined by the following factors:<\/p>\n