If you have a pile of debts, you may wonder how can I afford to file for Bankruptcy Protection? Well, once you file, your creditors will be unable to collect from you by garnishment your wages or seizing your property, at least for usecured debts such as medical bills or credit card bills. You could use the money you would otherwise use to pay those bills to pay your attorney.
My policy is to require all of my attorney’s fees up front in Chapter 7 cases and to require a substantial cash retainer in Chapter 13 cases. At this time I charge a total of $1,500.00 for a Chapter 7 Petition ($1,194.00 in attorney fees and $306.00 in filing fees), and I charge $3,000.00 for most Chapter 13 Petitions, with a $1,500.00 down payment for a Chapter 13 Petition, with the balance paid through by the Chapter 13 Trustee from money paid from your wages into the Chapter 13 Plan. If I can’t be sure that I receive fair payment for my services, you can’t be sure that you will receive effective representation from me. Unfortunately, if you are bankrupt, you are not the best credit risk in the world. If you don’t have the money to pay your attorney’s fees, you may have a very good friend or close relative who can help you out by giving you the money to pay your attorney fees. This is a time you need to put your pride on the shelf.