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Cost For Filing Bankruptcy If You Use A Bankruptcy Attorney

Chapter 7, 11 and 13 petitioners can pay bankruptcy attorney fees as varied as each individual case. The cost of filing bankruptcy for consumer and commercial debt protection is not cheap; and anyone who has ever been involved in legal proceedings knows that lawyers can be pricey. Clients don’t pay for three-piece suits, leather brief cases and flashy cars; but they pay for knowledge, experience and the ability to finely craft a persuasive argument and build a case in favor of the debtor. Without adequate legal counsel, harassing debt-collection tactics would continue; wage garnishments and repossessions would persist; and interest rates, late fees, and penalties would continue to mount. Debtors depend on sound, competent legal expertise to get relief from the overwhelming pressures of personal and business indebtedness. The cost you have to pay a bankruptcy attorney is just another bullet debtors must bite in order to eventually secure being debt free.

In addition to paying court-imposed bankruptcy filing fees, debtors must also compensate attorneys providing legal representation. Time is money and personal insolvency proceedings can either be relatively simple or involve exhaustive research and consultations. A bankruptcy attorney will usually adjust fees according to the case’s complexity. Most lawyers are cognizant of the fact that clients are short on cash, and attorneys are willing to work out favorable payment arrangements for legal fees. Flat rates can range from $750 to $1,250 for personal petitions. Chapters 7 and 13 legal fees usually run in the $500 to $1,500 range. The bankruptcy lawyer price for issuing notices to creditors to immediately cease collection proceedings may be charged separately for a minimal fee usually around $100.

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