Don’t Get Tricked by Extra Charges in a Bankruptcy Retainer!
Don’t Get Tricked by Extra Fees In a Bankruptcy Retainer, here are some tips to avoid being ripped off. A bankruptcy retainer is not refundable, and the attorney has the right to charge more if the client does not require his or her services. Before signing the retainer, make sure the bankruptcy attorney explains all the additional fees to you in the contract.
Why Need to Know About Tricked by Extra Charges in a Bankruptcy Retainer!
If your bankruptcy attorney is asking for a large retainer, don’t do so. Most courts will accept reasonable pre-petition advance fee retainers for ordinary bankruptcy services. However, if your bankruptcy attorney requests post-petition legal services, you must pay for them using non-debtor assets or exempt property. If your bankruptcy attorney asks for an advance fee for post-petition legal services, make sure to ask how he will pay for them. Your retainer agreement must specify exactly how much the fee will be, what will you pay for the representation, and where the fees will be paid.
Don’t Be Tricked by Hidden Fees