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Submitted by: Burt Workman
Bankruptcy offers protection to the aggrieved debtors. When an individual or a business entity is not in a position to pay off their debts, then they file for bankruptcy protection. The kind of protection offered differs from person to person on an individual case basis. Individual debtors are relieved of their debt obligations by either complete discharge of debts or by restructuring their debt obligations and business entities are relieved as they are given a chance to prepare debt repayment plan and pay off their debts. There is no bar upon the individuals for filing a bankruptcy case without an attorney under the bankruptcy laws. But it is extremely difficult for the individual to do it successfully in the practical scenario. This is why corporations and partnership firms must have an attorney who can defend their cases with a reasonable bankruptcy attorney fee. It is difficult to pay ridiculous amount of money to attorneys as bankruptcy attorney fee when the individual or firm itself is standing at the door of bankruptcy.
Understanding bankruptcy attorney fees might be one of the most intimidating features of an already difficult experience. These charges can vary from professional to professional. Since changes in the law have made many cases more complicated than they once would have been, many legal professionals are charging more for their services. With basic filing fees that run a few hundred dollars or more, it is easy to see how the charges that a client can expect to pay will quickly mount up. Obviously, the kinds of rates that a legal professional will charge will depend on what type of bankruptcy filing is being pursued. Being prepared for the cost of filing for bankruptcy is always a good idea. The work involved is generally less detailed than in other types of cases and therefore will require lower bankruptcy attorney fees.
When a potential client is considering hiring a legal professional in this area, it is always a good idea to see a list of charges up front. It is also important to know whether or not the bankruptcy attorney fees also include the basic filing charges. Will the lawyer charge the client extra for services such as meetings with creditors? In order to pay for bankruptcy attorney fees, there may be a number of options that are available for clients. Some legal professionals advise clients to stop paying their bills and apply the money saved toward legal expenses. The thinking here is that these debts will be re-evaluated. Family or friends may also be able to help raise money to offset legal expenses. It might also be possible to attain a waiver for filing charges that will cut down on the amount of up-front money that a client will need. An attorney might wish to bill a client for the total number of hours that they have spent in the client’s case. The court might later look at those charges and decide that they are not justified and reduce the amount of money that a client owes the legal representative.
Attorneys in California are very upfront about the bankruptcy attorney fee and they make sure they explain you their various modes of billing and the amount well in advance before they take up your case. You will not find that you are charged with ridiculous amount of money, but a very modest bankruptcy attorney fee for representing your case, filing your case and or providing professional advice. In fact they offer free first time advice to their clients who are overwhelmed with the idea of bankruptcy and are intimidated.
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