Finding a cheap bankruptcy attorney
Is their a thing as a cheap bankruptcy attorney? If you ask this question without knowing your true financial portfolio you may think the answer is no. The reason being is people often judge the cost of the bankruptcy attorney fee as to whether it is worth filing or whether they should not file. People on brink of financial ruin should forget about the cost of the attorney and concentrate on how much they pay each month in interest. In other words, if you are paying more than 500.00 in interest payments to unsecured creditors each month then contemplating the cost of filing bankruptcy should not be an issue. You will be able make back the cost of a highly paid attorney back in 4 to 5 months. You will never get a return on any investment portfolio if you measured it on amount of money you save with the amount of debt you can remove from your books after filing bankruptcy.
The cost of bankruptcy attorney fees can vary by district and state. As an example, a Michigan bankruptcy attorney would not get paid the same as a bankruptcy attorney in California because of the cost of living. You may be able to pay a bankruptcy attorney 5-6 hundred dollars but that typically means they only meet with you one time and their clerk just fills out the paperwork and you review it to make sure all the debts are included. This could be fine in a simple chapter 7 bankruptcy. However, if you are filing a chapter 13 bankruptcy where you will be subjected to a bankruptcy plan each month for the next 3-5 years you want an attorney that is on their game and will fight to make sure you are not paying 100% back and that your monthly payments are reasonable. If you are required to file a chapter 13 bankruptcy, now is not the time to be cheap when finding an attorney. You need to find the best attorney at a middle level depending on the amount of assets you want to protect. You also have to keep in mind unlike a chapter 7 bankruptcies you can include payment to your attorney with in your bankruptcy payment plan.
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