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Thread: How Lawerys are paid in Bankruptcy?

  1. 02-12-2009 03:24 PM #1
    genehuk
    genehuk is offline Junior Member genehuk is on a distinguished road
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    How Lawerys are paid in Bankruptcy?

    I'd like to understand the way lawyers (representing debtors) compensated in a bankrupcy case.

    I know they usually charge 1K - 10K+ for consulting, filing, hearing, etc.

    But are these only way to get compensated?
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  2. 02-18-2009 12:01 AM #2
    johnsteed
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    Hiring a bankruptcy lawyer is not always the best thing to do in a bankruptcy filing situation. Sometimes, bankruptcy lawyers cost too much and people near personal bankruptcy often do not have the money to hire bankruptcy lawyers.

    With the recent changes in the bankrutpcy laws, the new bankruptcy laws make it harder to find bankruptcy lawyers.
    Bankruptcy Laws
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  3. 03-19-2009 10:14 AM #3
    searchlight
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    Discussion of Personal and Business Bankruptcy.

    I guess so,unless an amount can be retrieved out of the case can there be any hope of getting paid?
    Private Detective
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  4. 08-13-2009 05:13 PM #4
    ThompsonA
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    So what alternatives to bankruptcy lawyers are there for people that can't afford them?
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  5. 08-13-2009 10:37 PM #5
    asderpolip
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    Arrow Re: How Lawerys are paid in Bankruptcy?

    Yeah I'm agree that bankruptcy lawyers cost too much, so not easy for some people to use they service...
    acai nutraburst
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  6. 10-05-2009 12:59 AM #6
    rose_rain
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    Accordingly what substitute toward bankruptcy lawyers is here on behalf of people by the intention of humbug pay for them?
    Stop Foreclosure
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  7. 11-13-2009 05:38 PM #7
    RandolphGoldberg
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    Some attorneys offer free cases depending on your situation. Also, some of them are willing to work with you by setting up affordable payment plans.
    Attorneys are not stupid, they know people close to bankruptcy are broke, thats why they are filing in the first place
    Randolph Goldberg-Las Vegas Bankruptcy Attorney
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  8. 11-24-2009 10:14 PM #8
    ylybitf
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    I accept with information:Hiring a bankruptcy lawyer is not always the best thing to do in a bankruptcy filing situation.
    Courtier conseil financement immobilier achat | Demande credit simulation plan de financement immobilier | Calcul pret projet financement immobilier travaux
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  9. 11-25-2009 02:37 PM #9
    RandolphGoldberg
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    Quote Originally Posted by ylybitf View Post
    I accept with information:Hiring a bankruptcy lawyer is not always the best thing to do in a bankruptcy filing situation.
    Then how are you going to file without an attorney?
    The average person does not know how the U.S. legal system works much less how bankruptcy law works. Try to go at this alone and you could royally mess things up and end up having to pay more than if you had hired a lawyer in the first place
    Randolph Goldberg-Las Vegas Bankruptcy Attorney
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  10. 12-01-2009 05:47 PM #10
    AZandbroke
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    I know I hired an attorney for mine. The tips he gave me are helping us get through this trying time with way less stress.

    I paid $100 for the initial meeting and we are working on paying him the total of $1500 for the whole case.

    Well worth the cost to us.
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