If you are considering filing for bankruptcy, the bankruptcy cost is no doubt a very important consideration. After all, if you had unlimited funds, you wouldn’t be filing for bankruptcy, right? We understand that, and our goal is to provide you with the best legal services in the most cost-efficient manner. There are several costs when it comes to bankruptcy. Some of these are fixed. These include the court filing fee (currently $335 for Chapter 7, $310 for Chapter 13, and $1,717 for Chapter 11) and a credit report ($40 per person, needed only for personal/individual bankruptcies). If you are an individual, you will also need to do credit counseling before and after filing for bankruptcy ($15-35 per session, depending on which credit counseling company you choose). Lastly, of course, there is our attorney fee, which covers consulting you on all aspects of the bankruptcy process, preparing all bankruptcy documents, and representing you during the bankruptcy process.
Bankruptcy Cost is Dependent on the Kind of Bankruptcy
We handle cases on both a flat fee and an hourly fee basis. If you are doing a Chapter 11 bankruptcy, your case will almost always be on an hourly fee basis at the then-current rates. Chapter 11 cases are generally too complex to allow for a flat fee structure. However, we will provide you with an estimate of the anticipated cost of your chapter 11 case.
All Chapter 7 bankruptcies, and almost all Chapter 13 bankruptcies, are handled on a flat fee basis. This gives you the benefit of knowing in advance exactly what the cost of the bankruptcy will be. Unlike the so-called “bankruptcy mills,” which you may see advertising a “flat Chapter 7 fee,” we do not charge a single rate for all cases. The reason for this is simple. Each case is different and presents circumstances that may require more or less work on our part. For example, some clients have little debt, while others have dozens of creditors and hundreds of thousands in debt; some have a modest income, while others may have above-median income requiring additional means-testing to qualify for bankruptcy; some may have car loans that they need to reaffirm, while others may not. Each of these factors will affect the amount of work needed to provide you with quality legal services. It would be unfair to you to charge the same rate regardless of whether your case was simple or complex. If a firm charges the same rate for all cases, inevitably, you will either be overpaying for what you need, or will not be receiving the services that you really need. To see why that is, ask yourself the following:
Would you expect a car mechanic to advertise a single price for any car repair? Of course not. In fact, if you were to see such an advertisement, you would be very suspicious of that mechanic, and rightfully so. Legal services are no different. While there may be general similarities between Chapter 7 bankruptcies, for example, no two cases are alike, and each requires an individualized approach. And the consequences of inadequate legal representation are much more serious. A botched car repair will leave you, at worst, with an inoperable car. An improperly done bankruptcy can have much more serious consequences, including loss of assets, denial of your discharge, and, in the worst cases, criminal prosecution.
Because each client’s case is unique, you deserve that your case be treated with the utmost attention. For this reason, we provide a free consultation. The consultation allows us to review your financial situation in detail, and to discuss any issues that may be of particular concern to you. Based on the information we obtain during this free consultation, we will provide you with the cost of representing you in your case, in a manner that gives individualized attention to your circumstances and that maximizes the benefits of bankruptcy to you. There is no obligation on your part to retain us after the consultation. Our approach may be more time-consuming than simply quoting a standard fee, but we believe it is the only way to provide you with the kind of service, and the fresh start, that you deserve.
We understand that bankruptcy is often a difficult decision, and you need to both be comfortable with the attorney, and have an affordable way to pay for the bankruptcy. For this reason, we provide several benefits and assurances:
Money back guarantee: This applies to Chapter 7 and Chapter 13 cases. If the court does not accept your bankruptcy petition because of an error on our part, we will refund the entire attorney fee that you paid to us.
Payment plans: For both Chapter 7 and Chapter 13 clients, we offer payment plans to make the payment of fees more affordable.
$0 down: For qualifying Chapter 13 cases, we provide a $0 down option, which allows you to pay our fees after the bankruptcy is filed. Please note that this does not include the cost of the filing fee, credit report, and credit counseling, which will need to be paid before filing.
- What debts can be discharged?
- Can I keep my house?
- Will bankruptcy stop wage garnishments?
- Do I have to give up all my assets?
- Do I have to list all my debts and assets?
- How will bankruptcy affect my credit?
- Can I discharge a payday loan?
- Can I eliminate my mortgage?
- What is a meeting of creditors?
Call us at (520) 745-4429 or (480) 788-0098 or fill out the form below and we will contact you.