There are many things that factor into a person filing for bankruptcy. One thing that is prevalent in the minds of individuals filing for bankruptcy is the cost for an attorney’s services.
If a person is filing for bankruptcy, it’s likely that they may be short on cash and bankruptcy attorneys understand this. This is reflected in the types of fees that are charged and how those fees are collected.
The Average Costs for Bankruptcy Attorneys
Many times, when an individual is filing for Chapter 7 bankruptcy, the average cost for an attorney’s services range anywhere from $500 for a Cheap Bankruptcy Lawyer In Puyallup Wa to as much as $3500. The amount of money paid has everything to do with how complicated the bankruptcy proceedings are going to be.
Flat Fees
The good thing is that unlike other attorneys, bankruptcy attorneys typically charge a flat fee for their services. This means that even if the bankruptcy goes an extended period of time, a person won’t be paying high hourly wages for the services of a bankruptcy attorney. However, longer and more complicated cases will typically be on the higher end of the flat fee scale.
Flexible Payment Options
Another benefit is that bankruptcy attorneys understand that a person may not have $500 to pay upfront before the bankruptcy process starts. In these instances, many attorneys offer flexible payment plans.
These payment plans help individuals have the services they need from a bankruptcy attorney in order to file for bankruptcy. These plans also offer individuals a more flexible option in order to pay for an attorney’s services.
Whether you go with a Cheap Bankruptcy Lawyer In Puyallup Wa or you go with a more expensive attorney, it will be important to understand how their fee structure is implemented and how you will ultimately pay for their services.
These things can be figured out once you meet with an attorney. Asking if there is a payment plan option or if the money is due in full once the bankruptcy process has begun is important when you meet with an attorney.
Filing for bankruptcy is a stressful process and paying for an attorney can add on to that stress. That is why finding an inexpensive bankruptcy attorney or seeing if an attorney offers a payment plan can be so helpful.
