Credit Card Center Advertiser Disclosure

Regular Contributor
Posts: 111
Registered: ‎10-01-2007
0 Kudos

Well we saw the lawyer today

So we've been discussing DH filing BK for a couple months now. He's been going back and forth on it and last week finally decided to go for it. I think it was seeing 40 collections on his credit report that convinced him. We had our initial consultation this morning. I went along since DH really doesn't know anything about our finances. His involvement with the finances stops with him handing me his check. I deal with the bill paying.

Anyway, I wasn't too impressed with the consultation. We spoke to the lawyer's legal assistants. They spent almost the whole time basically promoting their firm. Very few of our questions got answered. Plus some of the answers didn't sound right from what I've read. I thought the fee was a little steep as well. Then again I've never filed and don't know anyone that has so I'm not sure.

I have a few questions that they didn't answer very well so maybe someone here can help.

1) They said since DH is filing by himself and I have no income, nothing of mine (my car and bank account) would be counted. Does that sound right?

2) They said it sounded like he could do a Ch7 and could probably exempt all 3 of his vehicles, one under the vehicle exemption and the other 2 under the wildcard exemption (they're not worth much anyway). Does that sound right?

3) The fee they quoted was $1800, which only includes them filling out the paperwork and filing the Ch7. They gave us a bunch of forms to fill out and said that there would be a separate fee for them to review the forms. They want $200 to review just his self-employment form. Anything above filling out the paperwork and filing (ie-dealing with objections, etc) is an additional fee. We're responsible for notifying the creditors and CRAs that the BK has been filed. Does that sound right?

4) They want us to sign a consent for them to do a background check. Is that normal? We don't have anything to hide, but still, that seems a bit much.
Established Contributor
Posts: 972
Registered: ‎12-04-2007
0 Kudos

Re: Well we saw the lawyer today

Talk to another lawyer or two before you decide on this one.  Fees are higher since 2005 but you owe it to yourself if you are not comfortable with this one to get a second opinion. 
Regular Contributor
Posts: 111
Registered: ‎10-01-2007
0 Kudos

Re: Well we saw the lawyer today

I called around and found another lawyer. He talked to me a little bit over the phone. That kind of surprised me. I didn't expect to actually get a lawyer on the phone. His fee is much more reasonable and includes everything start to finish. He offered a free consultation. I talked to DH this evening and we're going to set up an appointment to see him.
Established Member
Posts: 21
Registered: ‎02-11-2008
0 Kudos

Re: Well we saw the lawyer today

Definitely see another lawyer!  We had to pay $1400 plus court fees this past August (CH 7 filed and discharged 2007) but our attorney (probably his assistant or paralegal) took care of all filings, paperwork, notifications, etc.  We had to gather together all the information and fill out a long, long form.  They asked for us to provide them a copy of our credit report, tax forms, etc. or they would pull one.  Evidentially under the new BK laws, the attorney has to certify to the court that the means test information, income, etc. is all correct, so attorney has to protect his bananas.LOL.  Good luck, hang in there, things will get better, and keep reading this forum.  It has SO much good information, I wish we had found it before we filed.
New Contributor
Posts: 70
Registered: ‎02-09-2008
0 Kudos

Re: Well we saw the lawyer today

yeah, believe it or not, i found my lawyer on the filled out my interest and i guess the site has lawyers to refer, and the lawyer called me on the day i said was convenient to set up and appointment to discuss my of the hardest conversations of my life...i might have even choked up due to near tears...lmao, its funny now.

the vehicles issue sounds fishy. from what i could remember, the exception is like $3000 and all assets are liquidated except for necessity, in this case, one car to go to work, all others will probably be counted as luxury...which is probably why they ask you in your 341 meeting if you have sold anything to transferred ownership of anything within a few months prior to filing...a year is the case i think. wild card exemption..hmm, never heard of that.

you should not be responsible for notifying your creditors....i think, if i remember right, that if you list out all your creditors you want included, tehy will automatically be notified by the court that you filed and therefore, an "automatic stay" is imposed.....they are not allowed to collect from you until a discharge or dismissal.

depending on how complicated your case is, there might be additional fees, but if everything is done perfectly by your lawyer, then there shouldn't be any fees since there will be no further paperwork.

i have about the same price, but they make sure that counsel was with me during the 341 meeting of creditors to hold my hand, lol.

background check? i don't know about that one. i did have to sign consent for them to get my credit report so i can review the creditors i want to include in the bk.

don't be afraid to shop around. this has to be done right since you only get one shot in 8 years to do this.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.