Tips: Bankruptcy attorney, How Do Bankruptcy Lawyers Expect To Be Paid?

by glenmcbethlaw

Max Hoopla
In advance...

Dave87gn
they get paid upfront..so you have to borrow the money to pay them

Patches O'Houlihan
They get paid just like everybody else, from the property/proceeds of the bankruptcy estate. But they jump to the front of the line if they come on board after the bankruptcy petition is filed, so they love the work.

Tema
Since it is not free to retain the professional services of an attorney, those specializing in bankruptcy will often take an up front down payment, and then require a few more installment payments in order process the bankruptcy. There's no such thing as a free ride!

Jessica
Most bankruptcy lawyers offer an option of paying fees in installments, and in many cases an attorney can advise the prospective client how to restructure debt payments in anticipation of bankruptcy in order to free up enough money to pay the fees. Look for a bankruptcy lawyer who offers a free or low cost initial consultation, and get the attorney's advice. An experienced bankruptcy attorney is not only familiar with the difficulty of paying fees when you are already under a financial strain, but will be able to suggest ways of accomplishing that payment as well. Many courts are also concerned with this issue, and are taking steps to ensure that competent bankruptcy attorneys are fairly paid.
Lawyers who make the most money in bankruptcy court are the ones that serve as trustee. They collect the money when you are expected to have earned it, and they immediately pay off those the money are due to. They are paid extremely well for doing this.


If you're looking for a bankruptcy lawyer, do your research before you make any decisions. For more information, visit http://www.dixiloan.com/bankruptcy-lawyer.html

Know better? Leave your own answer in the comments!

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