how much does a bankruptcy lawyer cost in nyc

Full Answer

What is the average cost of a bankruptcy lawyer?

The nationwide average cost for a bankruptcy attorney is between $999 and $1,183. Hourly rates ranges from $200-$300. Several factors affect the total cost of hiring a bankruptcy attorney, including the complexity of the case, the type of bankruptcy, filing fees, and more.

Where is the cheapest bankruptcy lawyer?

“ Low Cost Bankruptcy+Quality!”

• Our prices usually please everyone.
• You can Pre-Qualify for Bankruptcy.
• Free Consultation.

How much do lawyers charge to file bankruptcy?

• Flat Fees Versus Hourly Fees. Many attorneys, especially bankruptcy attorneys, will charge a "flat rate" to represent you in a bankruptcy case.
• Average Chapter 7 Bankruptcy Attorney Fees. ...
• Paying a Chapter 7 Attorney. ...
• Average Chapter 13 Bankruptcy Attorney Fees. ...
• Paying a Chapter 13 Attorney. ...
• Lawyers Must Disclose Attorneys' Fees to the Court. ...

How do I find an affordable bankruptcy attorney?

• Mutual respect: You want an immigration lawyer who treats you and your family with kindness and consideration. ...
• Availability: Before hiring, note if they have responded promptly to your emails and calls. ...
• Proven success: Read former client reviews and research their success rate with cases similar to yours.

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How much does it cost to file for bankruptcy in NYC?

There is a $338 filing fee required of everyone who files a Chapter 7 bankruptcy in New York. The fee is the same whether you file alone or with a spouse, as long as you both file at the same time and file the same type of bankruptcy.

How much does it cost to file Chapter 7 bankruptcy in NY?

$338Get Your Filing Fee The court filing fee for a Chapter 7 bankruptcy is $338. This fee can be waived if you earn below 150% of the poverty guidelines (see the New York Fee Waiver Eligibility table below).

Why should I hire a bankruptcy lawyer?

What Does a Bankruptcy Attorney Do? A bankruptcy attorney can help you size up your financial circumstances, including the types and amounts of the debts that are overwhelming you, and advise you about whether it's wise to pursue bankruptcy at all.

How much do you pay monthly for bankruptcies?

Monthly Payments If the family income is greater than the amount on the Standards, the bankrupt is required to pay 50% of the EXCESS. For example, if you earned $400 more each month than the Standards indicate is necessary, you would be required to pay 50% or that, or $200 per month.

How much do you have to be in debt to file Chapter 7?

Again, there's no minimum or maximum amount of unsecured debt required to file Chapter 7 bankruptcy. In fact, your amount of debt doesn't affect your eligibility at all. You can file as long as you pass the means test. One thing that does matter is when you incurred your unsecured debt.

What are the differences between Chapter 7 and Chapter 13 bankruptcy?

With Chapter 7, those types of debts are wiped out with your filing's court approval, which can take a few months. Under Chapter 13, you need to continue making payments on those balances throughout your court-instructed repayment plan; afterwards, the unsecured debts may be discharged.

What is a bankruptcy attorney office?

A bankruptcy attorney is a lawyer that specializes in the bankruptcy process, having knowledge about the various types of bankruptcy, filing the required documents with the court, and issues with creditors. Most bankruptcy lawyers handle either consumer (personal) bankruptcy, or commercial (business) bankruptcy.

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:

How do I Qualify For Chapter 7 Bankruptcy?

We charge one flat fee that covers all your costs: $1,440. You pay nothing else. We pay all court costs. This fee includes the preparation and filing of a Chapter 7 bankruptcy and an attorney to appear with you at the required Chapter 7 bankruptcy hearing.

Is there a payment plan?

Yes, you can hire us with a deposit as low as $50 to begin your case. You can pay us on your own schedule – whenever you can afford to make a payment. Generally, we would like to pay within six months, but we often give clients up to one year to pay.

Does this price include the court fee, the credit counseling fee and the education fee?

The $1,440 includes everything. When you file bankruptcy you have to pay a $335 filing fee and a $40 credit counseling fee and a $40 debtor education fee.

How do I hire a bankruptcy lawyer?

Before you hire a bankruptcy lawyer, you should make sure that you feel comfortable working with the one you choose. Consider what you want to get out of your bankruptcy case and then look for a lawyer who can realistically help you achieve your goals . It’s also a good idea to speak with more than one attorney, if possible. Some attorneys will spend a lot of time on the initial interview, while others may not spend as much time with you.

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.

Court Fees, Filing Costs, and Hiring An Attorney

One of the first questions we get asked is, “How much does it cost to file for bankruptcy”?

True Zero-Down Bankruptcy

True zero-down bankruptcy lets you pay for the bankruptcy after filing, as opposed to before.

Do I Need a Lawyer to File?

While you don’t need an attorney to file for bankruptcy in New York, your chances of a successful petition are dramatically higher if you do. For example, before you fill in the bankruptcy forms, you should first read and fully understand the 49-page instructions manual that explains what information you should include with each form.

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What expenses should be included in a bankruptcy filing?

Expenses related to administrative tasks, such as photocopying, printing the filing forms for court, and the cost of mailing such forms. In addition, a debtor should also incorporate the expenses associated with a further dispute or issue related to a bankruptcy case.

What does it mean to bill a bankruptcy lawyer?

This means that a client will have a general idea of how much a bankruptcy lawyer’s services will cost. It also means that the client will likely need to pay a portion of the flat fee upfront. Alternatively, a bankruptcy lawyer may decide to bill at an hourly rate instead. As the phrase implies, it means that a client will be charged ...

What is the purpose of bankruptcy?

The primary goal of bankruptcy is to restructure and manage a person’s overwhelming debts. In some cases, such as those for Chapter 7 bankruptcy, the purpose may shift to partially reducing or entirely eliminating such debts. Bankruptcy attorneys can provide a wide range of legal services to help their clients achieve these goals. Some examples of what a bankruptcy attorney does on a regular basis can include: 1 Ensuring that the client understands what bankruptcy is, how filing for bankruptcy will personally affect them and/or their business, and that they know what their legal obligations are if their petition for bankruptcy is approved by the court. 2 Making sure that the client complies with all the laws and procedural requirements associated with the bankruptcy process, such as attending the mandatory credit counseling courses and the 341 meeting of the creditors. 3 Gathering, drafting, and reviewing all documents and any evidence pertaining to the bankruptcy matter. 4 Offering legal counsel on any questions or concerns that a client has prior to, during, and/or after the bankruptcy petition is filed. 5 Explaining the rights and protections that a client has under the relevant bankruptcy laws. 6 Assisting the client with further bankruptcy issues, such as resolving disputes with creditors, converting their case to a different chapter of bankruptcy if necessary, and stopping creditors from harassing them after they declare bankruptcy.

Why do you need a bankruptcy lawyer?

There are numerous advantages to hiring a bankruptcy lawyer when filing a petition for bankruptcy . Some of those advantages may include the following: Having a legal professional present to ask questions about a case and to explain various bankruptcy laws or requirements;

What does "reasonable" mean in bankruptcy?

As the phrase implies, it means that a client will be charged for how much work a bankruptcy lawyer did on their case per hour. In general, bankruptcy cases typically require a lawyer to charge at a “reasonable” rate. Experience: The experience, skills, and reputation of a lawyer will also factor into the total bill.

How does time spent on bankruptcy work?

Time spent to resolve the bankruptcy case: The time that a law firm or lawyer spends on a bankruptcy case ties directly in with the factor of the difficulty of a bankruptcy case. Typically, the more complicated the bankruptcy case, the more time that a lawyer or law firm will need to work on it to settle the matter.

Is filing a bankruptcy 11 more expensive than filing a 7?

The bankruptcy chapter: On average, filing a petition to initiate a Chapter 11 bankruptcy case is usually more expensive than the cost of filing a petition for a Chapter 7 or Chapter 13 bankruptcy. Difficulty of the bankruptcy case: The complexity of the issues in a bankruptcy case will likely affect the overall cost as well.