Weaver Bankruptcy Attorney Explained

Bankruptcy Law is a complicated area of law and hiring a bankruptcy attorney can be quite expensive. Many attorneys, particularly bankruptcy attorneys, will bill a “flat fee” for their services to represent you in your bankruptcy case. You will only be billed a fixed fee for the attorney’s time, no matter how long the lawyer spends on your case. An additional fee may be assessed if you ask for legal assistance outside of the normal work required for your case, such as preparing documents to make your bankruptcy filing more acceptable to the courts. Legal fees are what make up about one-third of your flat fee. -Great post to read

Another common type of bankruptcy attorney fees is the hourly rate or flat fee that is charged for certain types of legal services. Attorneys who file briefs on your behalf in bankruptcy court often charge legal fees that include researching certain types of information, drafting and reviewing documents, preparing memoranda, and other types of legal advice. The fees for these types of services will vary depending on the lawyer’s experience and the client’s particular situation. Some lawyers will bill hourly fees in an hourly rate, while others will bill a flat rate for all services. A qualified bankruptcy lawyer will be able to discuss your options with you, and will be able to recommend the best course of action for your particular situation. There are also non-legal fees, such as court costs and registration fees that must be paid in addition to your lawyer’s legal fees.

If your case involves complex international debts or assets owned by different individuals and businesses, your lawyer may also bill you for his expertise in dealing with the different types of creditors that may be involved. Your lawyer may bill you for his research, negotiations, and paperwork, among other services. These services will usually be provided at a reduced rate if you have a long and impressive list of creditors to deal with. It is important that you discuss your options with a qualified bankruptcy attorney before you start a case to make sure that your debts and assets are well represented and that your lawyer’s fees are taken care of.