why pay a lawyer bankruptcy

5 Reasons Why You Need a Bankruptcy Lawyer (Now!)

1. One Less Thing on Your Plate. Bankruptcy is one of the most stressful things that you’ll go through in your entire...
2. Frequent Communication. As previously mentioned, there are many different stages and types of bankruptcies that you...
3. Security from Creditors. Once you announce that you’re filing bankruptcy, all...

Full Answer

How much does a bankruptcy attorney cost?

May 22, 2013 · Any amount that is owed to the bankruptcy attorney at the time of filing of your case is potentially subject to discharge. Once the bankruptcy case is filed the automatic stay protects you from any collection efforts including those of your bankruptcy lawyer. Once the bankruptcy case is filed your bankruptcy attorney cannot call or try to contact you about the …

How to find a good bankruptcy lawyer?

Why a Bankruptcy Attorney Is Worth the Cost The biggest benefit to you is that an experienced attorney quickly recognizes any potential hiccup that could arise during your case and will plan accordingly. Here's a sampling of the value a qualified consumer bankruptcy attorney will bring to the table. Bankruptcy Planning:

Where is the cheapest bankruptcy lawyer?

Mar 05, 2014 · PLEA AGREEMENT BY RICHARD S. BERRY, WHY PAY A LAWYER Case 2:14-cr-00322-SRB Document 47 Filed 01/27/15 BANKRUPTCY FRAUD USA v Richard Sylvester Berry CR14-0322-PHX-SRB (SPL) 03/05/2014 Excerpt from Plea Agreement: 9. From April, 2010 through March, 2014, in the District of Arizona: 1.

What is the salary of a bankruptcy lawyer?

Feb 27, 2015 · I, Richard Sylvester Berry, operated Why Pay A Lawyer? (WPAL), a document preparation service with offices in Tempe and Glendale, Arizona. From April 2010 through March 2014, I worked with an associate in Las Vegas, NY, to make money from distressed homeowners by defrauding the U.S. Bankruptcy Court, bankruptcy trustees, mortgage lenders, and other …

My associate in Las Vegas operated a company called Weimar Investments, which advertised a foreclosure rescue program

Once a homeowner paid an initial startup fee to Weimar Investments, worked with others to transfer a fractional Interest of the homeowner’s property into an unrelated bankruptcy case. To do this, I used bankruptcy: cases for some of my WP AL clients.

I did this to fraudulently trigger another automatic stay. I continued to do this until the homeowner stopped paying fees to Weimar Investments

On June 29, 2010, in furtherance of the scheme, I directed WPAL employees to file a schedule of assets in a bankruptcy case for A.M., one of my WPAL clients. The schedule of assets listed a property on Emerald Springs Lane in Las Vegas, Nevada. A.M. knew nothing about the Emerald Springs property, and had no actual ownership in the property.

About the Author: Diane Drain

Diane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.

What happens when you announce bankruptcy?

Once you announce that you’re filing bankruptcy, all of the creditors that you owe a debt to will come calling. They all want to try and scare you into paying them back.

Is bankruptcy stressful?

Bankruptcy is one of the most stressful things that you’ll go through in your entire life. It has so many different moving pieces that you’ll find difficult to keep up with on your own.

What happens if you file Chapter 7 bankruptcy?

Chapter 7 Bankruptcy. When you file for bankruptcy relief, an automatic stay goes into effect that prohibits most creditors from collecting their debts from you. If you have unpaid attorney fees, they typically get discharged (eliminated) in your bankruptcy along with many of your other debts.

How long does it take to pay back a Chapter 13 bankruptcy?

Chapter 13 bankruptcy is designed to allow debtors to pay back some or all of their debts through a three- to five-year repayment plan. One of the debts you can include in your repayment plan is your bankruptcy attorney's fees.

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

Out of pocket expenses for both Chapter 7 and Chapter 13 bankruptcies include: Filing fee: It costs $338 to file for Chapter 7 bankruptcy and $313 to file for Chapter 13 bankruptcy. Credit counseling fee: When filing for bankruptcy, you must first receive credit counseling.

How much does credit counseling cost?

Most credit counseling services are fairly low-cost, with offers ranging from $10 - $50. If you aren’t able to afford credit counseling, you should speak to the agency about your situation to see if the fee can be waived for you.

What to do if you can't afford bankruptcy?

If you can't afford a Chapter 7 bankruptcy lawyer, consider whether one of the following might work for you: stop making payments on debts that will get wiped out in bankruptcy and pay your attorney instead. borrow the fees from a friend, family member, or even your employer. retain a bankruptcy lawyer who will handle creditor calls ...

Do you need an attorney to file for bankruptcy?

You aren't required to have an attorney when filing for bankruptcy relief. Whether you should, however, will depend on how complicated your case is and how comfortable you are researching the law and filing on your own. In general, people who have a simple case will be better able to complete a Chapter 7 bankruptcy.

Do you have to file bankruptcy in Chapter 7?

All Chapter 7 cases require you to fill out extensive bankruptcy forms, research exemption laws (to protect property) and follow all local court rules and procedures. If you aren't comfortable doing the work—and assuming the risk—consult with a bankruptcy lawyer.

Can you stop creditors from collecting on your bankruptcy?

The automatic stay order that stops creditors from collecting doesn't go into effect until you file the bankruptcy case. However, once you hire an attorney, you can cut down on annoying calls by instructing creditors to call your lawyer instead of you.