Hiring a lawyer for a bankruptcy case and let him represent your case. It is useful, but you should know how attorneys’ fees before you hire them. Depending on the complexity of your case, the lawyers charge the money. Though few lawyers charge flat fees over the whole case or hourly. It also depends upon the Chapter 7 Bankruptcy or Chapter 13 Bankruptcy cases.
Chapter 7 Bankruptcy Lawyer fees
If you have a chapter 7 bankruptcy, then you might have to pay more to the lawyers if you have a lot of assets and your income is slightly higher than the state median. Basically, for chapter 7, bankruptcy range can range from $500 to $3500 depending on the complexity of the case. Firms with more advertising and overhead costs charge less than personal bankruptcy lawyer.
Chapter 13 Bankruptcy Lawyer fees
Most or many courts provide guidelines fees that a lawyer has to charge for chapter 13 bankruptcy. Unless under some special circumstances which are justified then only they can charge more money than the guideline fees. The guideline fees can change from court to court, but it is usually between $2500 to $6000. You don’t need to pay upfront for these cases.
Things to remember
There are ways in which the fees can be paid as per their convenience and wish like: –
⦁ Flat fees: a total where you have to pay the fixed fees agreed by you and the attorney for the whole case.
⦁ Hourly Fees: In this case, you have to pay your attorney based on the meeting per hour.
Based on the charges and guidelines given by the court, you will have to pay your bankruptcy attorney. The period of paying can differ by the case if its Chapter 7 Bankruptcy or Chapter 13 Bankruptcy.