Article by Orkhan Ibadov
Meeting your overdue financial obligations is exceedingly stressful. The faster you can settle your debt, in whatever manner, the faster you can get your life back. Sad to say, when you are in a state of over-indebtedness, there are processes and procedures you need to go through in order to get things ironed out. You may need to consider bankruptcy or any or its alternatives. Although it is technically viable for you to take care of all the paper work and legal procedures, it would be best to consider the help of a bankruptcy attorney.
Engaging the services of a bankruptcy attorney can help you save valuable time while you are going through the bankruptcy process. You will also be ensured that you are getting expert advice and guidance all through the whole process. In choosing the right bankruptcy attorney to handle your bankruptcy cases, how much the attorney will charge is a major concern.
Individuals who are considering bankruptcy are in a state of finance distress; otherwise, they would have no need to contemplate on filing bankruptcy. The cost of fling bankruptcy is an expense overindebted individuals would like to keep to a minimum. While you should take into consideration how much the attorney?s fees would cost, it should not be your only determinant factor. In addition to how much the bankruptcy attorney will charge you should take notice of his relevant credentials. How many bankruptcy cases, have he handled? Does he have sufficient support staff to assist him prepare bankruptcy petitions? More important of all ? Do you feel comfortable working with him?
Bankruptcy is a specialization in the legal field. It requires certain expertise for the process to be complicated smoothly. If you choose a attorney that is very knowledgeable with the requirements of the bankruptcy process, your case may not be smoothly completed. Take the effort in finding out how many bankruptcy cases they file each month. Do they work on both Chapter 7 and Chapter 13 bankruptcy cases? Trust your instincts. If you are not comfortable with him during the first consultation, consider another attorney.
A Chapter 7 Bankruptcy Attorney?s fee is usually a flat rate. Depending on the difficulty of your case and the attorney?s experience, the fee would be in the range of between $ 1,000 and $ 2,000. In addition, you will be charged the $ 299 court filing fee. Credit counseling and reporting fees will also be charged to your account.
A Chapter 13 Bankruptcy Attorney?s fee will vary depending on the district the bankruptcy case will be filed because of the different guidelines the Bankruptcy Court will impose. Court filing fees, as well as counseling and reporting fees, will also vary. It is important to note that Chapter 13 Attorney?s Fees are high because they will be representing you for a longer period of time. Attorneys handling a Chapter 13 bankruptcy case usually represent their clients for between two and six years.
A Chapter 11 and Chapter 13 Bankruptcy Attorney?s Fees are based on an hourly rate. These cases are extremely complex and require the expertise of an extremely experienced attorney in this field. Attorneys handling these cases charge an initial retainer fee upfront and the hourly rate of the Law Firm.
A bankruptcy attorney fully understands the financial stress you are currently undergoing. He will usually have a payment plan to help lessen your stress. He will require partial payment before he does the documentation process and full payment before he files your case. Be sure to discuss fees with your prospective attorney, so you fully understand every item you are being charged.
About the Author
The author invites you to contact Los Angeles bankruptcy attorney at http://mylosangelesbankruptcyattorney.com who will help you with your bankruptcy and debt relief needs in Los Angeles and neighbouring areas.
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