what does it cost to file bk7 with attorney? - Loan Modification Forum

sadandconfused · 03-24-2009, 07:27 PM

Anyone know about how much it would cost to have an attorney file for bk7? I'm going to see an attorney and don't want to get ripped off or pay outrageous rates.

Yanqui · 03-24-2009, 09:59 PM

It depends. My attorney was 200.00 down for retainer and If I file ch7 it's around three thousand and if I file 13 it's four thousand but twenty five hundred is due at the filing and the rest comes out of the trustee payments.

and if it gets complicated then it's 250.00 and hour. for his service.

plantlvr · 03-26-2009, 06:54 PM

I did mine with an online BK company for a little over 500$. Never have cared for most attorneys [Dad was a Sheriff, so maybe that's why?] I did it very carefully and it was a little scary filing the papers myself and showing up at the creditors meeting alone, but it was all worth it to save so much money!

sadandconfused · 03-27-2009, 03:43 AM

what happened at the creditors meeting? how long was it? what did you guys talk about and did you have to bring anything?

plantlvr · 03-27-2009, 04:53 PM

You sit in a room and wait to be called by the trustee. You do have to bring paperwork with you, the Trustee mails you a 'have to bring list', like pay stubs, tax return, etc. He asks you questions and if you don't have all the paperwork he extends the date. Funny, he said I didn't mail him a form and when I said I had, he looked through my folder and found it! Most of the time creditors never show, seems to be car dealers and Sears from what I saw, to be the only ones who showed.
Good luck to you!

sadandconfused · 03-27-2009, 06:36 PM

what kind of questions did they ask you? i have a sears card.

plantlvr · 03-28-2009, 04:09 PM

I didn't have a Sears card or a car loan, it was some other folks. They just asked the Trustee some questions about the persons debt. I wasn't paying much attention, nervous as hell! But I'm pretty sure the Trustee just placated the rep from Sears.
When you sit next to the Trustee, he/she just basically asks you to affirm all the paperwork you already filled out. if there are any discrepancies, you'll get called on it. It lasts just a very short time, just have all your paperwork done right and you'll be out of there in 5 minutes like I was!
You just don't want to have a lot of money in your bank accounts after you file, that raises a big red flag! Just like having too many nice cars, antiques,paintings, etc.

sadandconfused · 03-28-2009, 04:55 PM

plantlvr: well after i file i don't intend to pay my mortgage or any other credit card bills, so I will still have my paychecks going into my checking account. will this raise a flag? I was planning on withdrawing cash every week out of the checking account anyways. how much are we talking about, a couple thousand in the account? I don't have that much anyway. Maybe I should have a paper check issued instead of direct deposit. What do you think?
Do you have to show them your bank statements? I'm going to see an attorney on Monday and he didnt ask me to bring that.

03-24-2009, 07:27 PM	#1 (permalink)
sadandconfused Member Join Date: Mar 2009 Posts: 25 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	what does it cost to file bk7 with attorney? Anyone know about how much it would cost to have an attorney file for bk7? I'm going to see an attorney and don't want to get ripped off or pay outrageous rates.

03-24-2009, 09:59 PM	#2 (permalink)
Yanqui Senior Member Join Date: Oct 2008 Posts: 168 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: what does it cost to file bk7 with attorney? It depends. My attorney was 200.00 down for retainer and If I file ch7 it's around three thousand and if I file 13 it's four thousand but twenty five hundred is due at the filing and the rest comes out of the trustee payments. and if it gets complicated then it's 250.00 and hour. for his service.

03-26-2009, 06:54 PM	#3 (permalink)
plantlvr Member Join Date: Mar 2009 Posts: 5 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: what does it cost to file bk7 with attorney? I did mine with an online BK company for a little over 500$. Never have cared for most attorneys [Dad was a Sheriff, so maybe that's why?] I did it very carefully and it was a little scary filing the papers myself and showing up at the creditors meeting alone, but it was all worth it to save so much money!

03-27-2009, 03:43 AM	#4 (permalink)
sadandconfused Member Join Date: Mar 2009 Posts: 25 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: what does it cost to file bk7 with attorney? what happened at the creditors meeting? how long was it? what did you guys talk about and did you have to bring anything?

03-27-2009, 04:53 PM	#5 (permalink)
plantlvr Member Join Date: Mar 2009 Posts: 5 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: what does it cost to file bk7 with attorney? You sit in a room and wait to be called by the trustee. You do have to bring paperwork with you, the Trustee mails you a 'have to bring list', like pay stubs, tax return, etc. He asks you questions and if you don't have all the paperwork he extends the date. Funny, he said I didn't mail him a form and when I said I had, he looked through my folder and found it! Most of the time creditors never show, seems to be car dealers and Sears from what I saw, to be the only ones who showed. Good luck to you!

03-27-2009, 06:36 PM	#6 (permalink)
sadandconfused Member Join Date: Mar 2009 Posts: 25 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: what does it cost to file bk7 with attorney? what kind of questions did they ask you? i have a sears card.

03-28-2009, 04:09 PM	#7 (permalink)
plantlvr Member Join Date: Mar 2009 Posts: 5 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: what does it cost to file bk7 with attorney? I didn't have a Sears card or a car loan, it was some other folks. They just asked the Trustee some questions about the persons debt. I wasn't paying much attention, nervous as hell! But I'm pretty sure the Trustee just placated the rep from Sears. When you sit next to the Trustee, he/she just basically asks you to affirm all the paperwork you already filled out. if there are any discrepancies, you'll get called on it. It lasts just a very short time, just have all your paperwork done right and you'll be out of there in 5 minutes like I was! You just don't want to have a lot of money in your bank accounts after you file, that raises a big red flag! Just like having too many nice cars, antiques,paintings, etc.

03-28-2009, 04:55 PM	#8 (permalink)
sadandconfused Member Join Date: Mar 2009 Posts: 25 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: what does it cost to file bk7 with attorney? plantlvr: well after i file i don't intend to pay my mortgage or any other credit card bills, so I will still have my paychecks going into my checking account. will this raise a flag? I was planning on withdrawing cash every week out of the checking account anyways. how much are we talking about, a couple thousand in the account? I don't have that much anyway. Maybe I should have a paper check issued instead of direct deposit. What do you think? Do you have to show them your bank statements? I'm going to see an attorney on Monday and he didnt ask me to bring that.

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