how much does a bankruptcy lawyer cost in new york?

What is the average cost of a bankruptcy lawyer?

Apr 24, 2022 · The price of a personal bankruptcy attorney in New York is around $1,257.50 (Low: $ 965.00. High: $ 1,550.00 ). These prices are above the national average. This information is provided by multiple service providers and open marketplaces.

Where is the cheapest bankruptcy lawyer?

New York bankruptcy lawyers who charge an hourly fee typically break down the hour into either 15-minute or 6-minute increments. That may sound like a small difference, but it adds up. Take, for example, a 5-minute phone call. A lawyer who charges $200 an hour in 15-minute increments will want $50 for that 5-minute conversations, while a lawyer ...

How do I find an affordable bankruptcy attorney?

Learn more about court fees, the cost to hire a bankrucpty attorney, and see if a true Zero-Down filing is right for you. Get the help you need now by calling (212) 375-6614 today.

What is the cheapest way to file bankruptcy?

Feb 19, 2021 · To hire a bankruptcy lawyer in New York City, many attorneys charge somewhere around $1,500 to $2,500 for a Chapter 7 bankruptcy, and between $3,000 and $5,000 for a Chapter 13 bankruptcy. The amount you pay will depend on any number of factors, which is why it may be worth the effort to speak with multiple bankruptcy law firms.

How much does it cost for a bankruptcy in New York?

How much does a lawyer charge for Chapter 7?

How much does Chapter 7 cost in NY?

How much do bankruptcy lawyers make in New York?

How do I file Chapter 7 with no money?

How much is a chapter?

Is Chapter 13 or 7 better?

How long does it take to rebuild credit after Chapter 7?

What is the difference between Chapter 7 and Chapter 13?

Hiring a New York Bankruptcy Attorney by the Hour

Whether you are from Brooklyn or Albany or any other part of the state, if you decide to hire an attorney by the hour, you will probably have to pay a retainer fee, which is like a down payment. From then on, you'll likely receive monthly statements for the hours your lawyer worked on your filing.

Hiring a New York Bankruptcy Lawyer for a Flat Fee

Attorneys who handle routine matters, such as writing a will or filing bankruptcies, sometimes charge one flat fee instead of billing hourly. If you decide to hire a New York bankruptcy attorney for a flat fee, you should be clear on what's included and what is not. Often, related legal expenses, such as court filing fees, are not included.

The Cost of Hiring a New York Bankruptcy Attorney

As you can now see, you should ask a number of questions about legal fees and expenses while interviewing lawyers to hire. Here are some questions to ask that should help you get a handle on how much it may cost to file bankruptcy:

What happens if you can't pay your debts?

Being unable to pay your debts can be very stressful, especially if you are worried about being sued by your creditors or, even worse, you have already been sued and you are being threatened with a wage garnishment or bank levy. If you do not have the money to pay your debts, or you have already tried to pay your debts but creditors won’t accept your payments, you may be considering bankruptcy as an option.

Is debt a stress?

For most people, where there’s debt, there’s financial stress. The good news is that there are many options available for people who are overwhelmed by their debt and would like to be able to live their lives without being tied to it.

How much does bankruptcy cost in NYC?

The answer depends on whether you file pro se (without an attorney), with an attorney or pay a petition preparer to prepare your paperwork. I will try to outline the typical costs for each:

Filing Fees

The filing fees recently increased to $306 for a Chapter 7 bankruptcy, $281 for a Chapter 13 bankruptcy and $1,213 for a Chapter 11 filing.

Credit Counseling and Debtor Education courses

In order to obtain a bankruptcy discharge the Credit Counseling course must be taken before a case is filed and the debtor education must be taken after a Chapter 7 or Chapter 13 bankruptcy case is filed. These courses can range from $0 to $500 each depending on where they are taken.

Credit report with public records search

In my opinion a credit report is one of the most valuable tools necessary to prepare a consumer bankruptcy petition. At my office we use a company called A Suite Solution, which provides an ultra comprehensive 3-bureau credit report as well as a thorough public records search.

Pro Se filings or bankruptcy petition preparers

If you are looking for the cheapest way to file for bankruptcy, you can file pro se or without an attorney. If you prepare your own paperwork the process is free. If you have a petition preparer your case will not be free. I have heard that these preparers charge from $200 to $2000 to “construct” your paperwork.

How much will it cost to hire a NYC bankruptcy attorney?

Legal fees vary from attorney to attorney. However, you should know a few things. First, all bankruptcy attorneys are required to report their legal fees charged for each case to the US Trustee. If the fee is too high they may be required to refund it to the client.

How much does it cost to file for bankruptcy in New York?

What is the same is the filing price. The filing fee for a Chapter 7 bankruptcy in New York costs around $335 to the court (additional attorney’s fees vary).

What are the advantages of filing for bankruptcy?

One of the key advantages in filing bankruptcy is making certain property exempt. New York law, for example, allows protection of your home, car, and other properties to a certain extent. But this is where it can be complicated and where the right attorney can help.

Is bankruptcy a good option?

Bankruptcy is a good alternative to losing all your possessions, but with the new laws making it harder to file in certain cases, hiring professional bankruptcy attorneys can save you a lot of time and money. It isn't always a good choice to file bankruptcy.