Reply
Regular Contributor
JMMD
Posts: 173
Registered: ‎05-12-2013

Re: Average cost of a bankruptcy attorney?

Arkansas here and it was $1200 including fes.

Mine:
Eq 617 (May) WM TU 639 (Jan)

Husband's
Eq 576 (May) WM TU 619 (Jan)
Established Contributor
SoulMaster
Posts: 976
Registered: ‎11-08-2011

Re: Average cost of a bankruptcy attorney?

In Vegas, the lousy attorneys (who use paralegals to do all the work and you may or may not meet before your 341) charge ~$1000 + filing fees.  The good attorneys who do the work themselves charge $1500-$2000, including filing fees, dependent on the complexity of the case.

 

-SM

I am not an attorney and none of what I write should be construed as legal advice. For legal advice please consult an attorney.

Starting Score: ~470 preBK(8/2010)
Current Scores as of 8/2/13: EX 710, EQ 691, TU 709, all 3 LP for a Mortgage (TriMerge Report)
Goal Score: 700+ FICO across the board w/ my BK still on there (until 8/2020) - I think they're all already there... haven't had a bank pull a trimerge in quite a while.
Frequent Contributor
Countingpennies
Posts: 425
Registered: ‎02-14-2013

Re: Average cost of a bankruptcy attorney?

I'm in NJ. My simple no asset 7 was 1200 + 306. This was the mid-range for attorneys I interviewed. I was given an agreement before I signed that clearly spelled out what was included in the price, and what wasn't. This was the only atty. that did that. One extra was $350 to vacate a judgement (which I didn't need.)

Price shouldn't be the only criteria. It doesn't matter how cheap one is if you can't get them to answer an email or return a phone call, or your feel you are being treated badly. Most BK attorneys offer free initial consults. Make appointments with 3-5. Some also have payment plans, but usually a good chunk if not all must be paid before filing.

My BK was an easy one, but if I were to do it over, I'd still hire an attorney. Worth every penny, in stress-relief alone.
Regular Contributor
USF813
Posts: 228
Registered: ‎06-04-2013

Re: Average cost of a bankruptcy attorney?

Mine was $1100 in Florida. I know attorneys get a bad rap similar to car salesman, but I think BK attorneys are probably the most reasonable there is, for what they do. Plus, they know going in (provided you are honest about what you have) exactly what they can and can't discharge for you. During my first meeting I presented everything I had and in five minutes my attorney knew what needed to be done. It was painless.

 

BK attorney = anesthesiologist of the law world. Same story different day possible difference in meds per client. If I was a lawyer, i'd be a BK attorney, hands down.

Chapter 7 Discharged 12/2009
FICO EQ: 700 (7/26/13)
FICO TU: 727 (1/31/14)
FICO EX: 670 (as of 11/6/13) - Several lates from USAA
NFCU GoRewards: $5k
Delta Community Visa: $1500, Best Buy: $500

Frequent Contributor
DrJim
Posts: 326
Registered: ‎10-26-2009

Re: Average cost of a bankruptcy attorney?


masscredit wrote:

Thanks for the info!  She is in the Dallas/Villa Rica area of GA so if anyone in that area knows of a reasonably priced BK attorney, we're open to suggestions.

 

 


Sent you a PM for a BK Attorney in Marietta.



Starting Score: TU 672 EQ 654 10/20/09
Current Score: TU 775 EQ 783 EX 795 Dec 2013
AMEX Delta Platinum $35K, NFCU Visa Signature $30K, HHonors Signature Visa $35K, WF $13.5K,
Regular Contributor
ChistineNJ
Posts: 144
Registered: ‎04-04-2013

Re: Average cost of a bankruptcy attorney?

Im in NJ/NYC area Attorney licensed in NY/NJ/CT/PA i paid 2000 for attoney cost 306 for filing cost.
 Bk d/c 6/2013, Cap1 500.00, CU card 800.00, express 250, nrewards 2500.00, VS 500.00, quicksilver 1000.00, BML 500.00, CB Loan 1000.00

Starting Score: 553
Current Score: 630
Goal Score: 650


Take the myFICO Fitness Challenge

 Pre BK score: 565 (Credit-Infonet)
Filed Bk : 3/26/13
Scores: TU 591, EQU 579 EXP 516
BK D/C: 6/21/2013
Post Clean up Scores: TU 569, EQU 553 EXP 587
New Accounts
6/28 Capital One $300.00
7/ Fp $700.00
9/11 Express Retail Charge $250.00
10/28/13- nfcu nrewards $500.00
Established Contributor
masscredit
Posts: 589
Registered: ‎07-17-2012

Re: Average cost of a bankruptcy attorney?

Looks like most are in the $1000. - $2000. range.

 

I have a friend that declared BK about 20 years ago. I believe he paid $750. for everything then. 

 

BK attorneys must have really been raking it in when the economy took a dump in 2008 and a few years after. I was one person that added to their wealth! 



|****$5500****|****$4500*****|****$2500*****|****$1600****|****$3000****|*****$750******|*****$700*****|
EX - 680 (Credit Sesame 02/03/14) TU - 665 (Walmart 02/09/14 ) EQ - 691 (FICO -04/05/14)
Frequent Contributor
digitaldiva
Posts: 407
Registered: ‎03-09-2011

Re: Average cost of a bankruptcy attorney?

My fiance paid $1,850 (in FL); his attorney had a payment plan, but my fiance went ahead and paid him the full amount.

Enjoying your freedom? Thank a servicemember and their family!!!
New Contributor
Legal_Girl
Posts: 73
Registered: ‎02-22-2013

Re: Average cost of a bankruptcy attorney?

I filed in February of 2007 in my home state of Florida.  I wrote an initial check to my attorney in the amount of $250 and the remainder was paid to him by the Trustee from the money I sent monthly to the Trustee.

Current EQ FICO 685 as of 4-11-14 //EX Fico 669 as of 1-2-14//TU FICO 670 as of 4-15-14 Cap One $1k // Credit One $1,675 // First National $2k // Kohl's $1500 // Barclay Rew MC $4,000 // Sallie Mae MC $3,800 // NFCU Visa Signature Cash Rewards $10k
Valued Contributor
Wanderer
Posts: 1,406
Registered: ‎10-03-2008

Re: Average cost of a bankruptcy attorney?

[ Edited ]

Mine was $800. The attorney told me to expect $300 to $1,000 depending on how much information I provided and how complicated it would be. Complicated could include a business and such. The attorney had me dig out all the credit/loan accounts with names, addresses, telephone numbers.and dollars owed which made it easier for him to process. Even so, it gets involved. I hear of people that do it themselves. I shake my head. For me it was emotional and I could not have applied my business sense to it. With the more revised BK laws from the early 2000's many new requirements have been added. A lot to know and keep track of when watching your life go up in smoke (at least for awhile).


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+