Bankruptcy lawyers must take into account many factors when figuring out their fees. For one thing, they will be paid a percentage of any recovery you receive from your creditors. Other fees that may be included with your fees would include the cost of research, drafting and filing your bankruptcy petition and advice on how to best deal with your creditors. It is not uncommon to be asked to pay an hourly fee if you are a bankruptcy attorney. Spokane Bankruptcy Lawyers has some nice tips on this.
Most debtors who file personal bankruptcy filings have little money to spare for an expensive lawyer. In fact, for most people who file, there is very little money to actually pay a lawyer. For that reason, many individuals wonder how bankruptcy lawyers actually get paid from the debt they help clients get rid of. In all actuality, how bankruptcy lawyers actually get paid really depends on whether you’re filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy.
Chapter Seven bankruptcy laws provide for the most assistance to indebted customers. This means that these laws are more easily able to provide for payments and other financial issues. That said, Chapter Seven bankruptcy laws don’t always require regular court meetings or other financial requirements. As a result, many bankruptcy lawyers choose to file bankruptcy without it, knowing that they may not need to take their case to court very often. Many also opt for smaller private practices in hopes of avoiding the need to hire additional employees and office staff in order to support their business while they are dealing with bankruptcy law firms.
The Law Office of Robert C. Hahn, III, P.S.
2906 N Argonne Rd, Spokane, WA 99212