The Cost of a Sacramento Bankruptcy Attorney
Many prospective bankruptcy clients are not certain what their bankruptcy will cost. Their uncertainty is only compounded by the fact that most Sacramento bankruptcy attorneys do not list standard fees on their website. In practice, prospective bankruptcy clients do not learn what their bankruptcy will cost until the conclusion of their free consultation; this is because a Sacramento bankruptcy attorney must first learn the facts of a case before quoting a specific price. As all cases are different not all bankruptcies will cost the same amount. No-asset chapter 7 bankruptcies will cost less than complex chapter 7 cases that involve a business and many creditors.
Learn more about the costs of bankruptcy on our Sacramento bankruptcy website.
Cost of A Chapter 7 Sacramento Bankruptcy Attorney
The cost of chapter 7 bankruptcy will include the $306 filing fee, debtor education course, and personal financial management course. Attorney fees for chapter 7 bankruptcy will normally be represented as a flat fee for drafting and filing the chapter 7 petition and representing the client at the meeting of creditors. In addition to a flat fee, Sacramento bankruptcy attorneys will typically charge an hourly fee for representation in an adversarial proceeding such as when a creditor objects to your discharge.
Cost of A Chapter 13 Sacramento Bankruptcy Attorney
The cost of chapter 13 bankruptcy will also include a several hundred dollar filing fee and the required education courses. Furthermore, attorney fees for chapter 13 bankruptcy will also be represented as a flat fee. However, unlike chapter 7 bankruptcy in which the entire fee is due before filing the bankruptcy petition, chapter 13 bankruptcy attorney fees can often be financed through the chapter 13 plan as an administrative expense. In other words, a portion of the chapter 13 attorney fee can be paid over 3 to 5 years. Lastly, Sacramento bankruptcy attorneys typically charge approximately $3,500 for non-business chapter 13 cases and $5,000 for business chapter 13 cases.
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