Cost of Filing Bankruptcy
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This is usually the first question people ask when they are considering filing for bankruptcy. When someone is considering bankruptcy, their financial resources are usually limited and they are looking for the best possible fee from a professional. It’s important to understand that low fees do not necessarily translate into the best possible advice for your situation. Rarely are two cases the same, and because of this you’ll need to hire a Texas bankruptcy lawyer that is well-versed in all aspects of bankruptcy law. You don’t want to spend money and not end up with the resolution you need to start fresh.
Attorney Fees
Our average fee for Bankruptcy services is usually at least $2,000 plus $300 Court filing fee. With this fee you get over 40 years of combined Bankruptcy experience. More complex cases are going to be more expensive. For instance, if you have high income, your case is going to be more difficult. Thus, our fee is going to be higher to account for the anticipated difficulty. With Weston Legal, you are getting over 30 years of Bankruptcy experience.
Required Debt Courses in Texas
Although not part of a bankruptcy attorney’s fee in Texas, the state does require that you attend a “Credit Counseling Course” and a “Personal Financial Management Course.” The cost for these two mandatory courses can be as high as $100, and often depends on the location where the course is being offered.
Public Records of Attorney Fees
Attorney fees must be disclosed in any bankruptcy filing. This means they are part of the public record and are available for you to research. You can get a general idea of the fees being charged in the area or district where you intend to file. If you plan to research bankruptcy lawyer’s fees in Texas you’ll want to look for them in the Statement of Financial Affairs section of the filing.
The old adage of “you get what you pay for” holds true in filing for bankruptcy. Billboards and advertisements are full of “cheap” attorneys that will offer you a cost effective way to file for bankruptcy. People need to consider the value a bankruptcy lawyer offers them, especially since the new legislation passed in 2005 made issues more complicated. Low cost does not necessarily translate into the best outcome for your individual situation. It’s important to choose wisely when making this decision.