Bankruptcy Lawyer Near Logan Utah
Ascent Law LLC (801) 676-5506 Free Consultation
How do Bankruptcy Lawyers Make Any Money if their Clients are ‘Bankrupt’?
How Do Bankruptcy Lawyers Make Money?
Bankruptcy attorneys make their money by charging their clients for a bankruptcy consultation. These clients often stop paying even the smallest bills to pay the attorney in advance. Some may even ask for a third party to guarantee their payment. However, there is a catch to these fees: these are not dischargeable.
Costs of a bankruptcy consultation
The fees charged by bankruptcy lawyers are generally not the same no matter where you live. Some charge no fee at all, while others charge a consultation fee that will be credited toward the attorney’s total fees. Regardless of the fee, you should be able to get a fair idea of what to expect during the consultation.
The Martindale-Nolo study said that the average attorney fee for a Chapter 13 case is around $3,500. There are many factors that can affect the fee, such as the complexity of the case. For example, business owners may need more work than a typical consumer.
Fees charged by a bankruptcy lawyer
Bankruptcy lawyers make a lot of money by charging their clients for their services. They charge fees to prepare and file a bankruptcy case, and they will also charge you court fees. Most lawyers will charge around $1,000, but that may not be the case for all bankruptcy lawyers. You should look into your attorney’s fees and make sure they are reasonable.
The cost of hiring a bankruptcy lawyer is usually quite high. Depending on the lawyer and the location of your case, the cost of bankruptcy can vary significantly. Some attorneys charge an upfront fee, while others will require a large retainer. However, most attorneys will incorporate their fees into your Chapter 13 repayment plan.
Success rates of bankruptcy cases
In bankruptcy court, the success rate of a case is based on the outcome. A discharge is a common outcome, which removes the obligation to repay unsecured debt. In some cases, the discharge is accompanied by a repayment plan. However, in other cases, the discharge is not the final result. For instance, if a client files a Chapter 13 case, the bankruptcy lawyer may recommend that he modify the plan in order to make the remaining payments.
An attorney has extensive experience with bankruptcy documents and can help clients protect their assets and deal with creditors’ objections. An experienced attorney also knows how to make the best arguments to ensure a successful outcome. An experienced bankruptcy lawyer also understands the filing requirements and deadlines. A bankruptcy petition that is not completed correctly can result in disastrous consequences. For example, an incorrectly filled-out bankruptcy paperwork could result in a trustee selling the client’s home. This is one of the reasons why bankruptcy lawyers have a better success rate than individuals who file on their own.
Non-dischargeable attorney fees
The bankruptcy code has specific rules regarding non-dischargeable attorney fees. These include fees that are related to alimony and child support. While divorce attorneys’ fees may be dischargeable, child support and alimony attorney fees are not. In many cases, these fees are deemed non-dischargeable.
In many cases, creditors seek recovery of attorneys’ fees. However, there are certain exceptions to this rule. In some cases, creditors may recover fees for collection costs that were incurred in connection with bankruptcy. In re Martin, for example, attorneys’ fees were allowed.
If you have any questions, you can get a free consultation with Ascent Law LLC:
Ascent Law LLC:
8833 South Redwood RoadSuite C
West Jordan, UT 84088
(801) 676-5506
https://g.page/ascentlaw?share
https://www.ascentlawfirm.com/bankruptcy-lawyer/
When you need a Divorce Lawyer, contact this law firm:
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States
Telephone: (801) 676-5506
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St. George, Utah
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St. George, Utah
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| City of St. George | |
Overlook of downtown St. George and adjacent Pine Valley Mountains
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Flag
Logo
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| Nickname(s):
Utah’s Dixie, (the) STG
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Location within Washington County
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 St. George
Location within Utah
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| Coordinates: 37°06′15″N 113°35′03″WCoordinates: 37°06′15″N 113°35′03″W[1] | |
| Country | United States |
| State | Utah |
| County | Washington |
| Settled | 1861 |
| Incorporated | 1862 |
| Named for | George A. Smith |
| Government
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| • Mayor | Michelle Randall |
| • City Manager | Adam Lenhard |
| Area | |
| • City | 78.47 sq mi (203.22 km2) |
| • Land | 78.46 sq mi (203.22 km2) |
| • Water | 0.00 sq mi (0.01 km2) 0.72% |
| Elevation | 2,700 ft (800 m) |
| Population | |
| • City | 95,342 |
| • Rank | 1st in Washington County 7th in Utah |
| • Density | 1,215.17/sq mi (469.16/km2) |
| • Metro
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180,279 (US: 239th) |
| • Metro density | 1,310/sq mi (510/km2) |
| Demonym | St. Georgian |
| Time zone | UTC−7 (Mountain) |
| • Summer (DST) | UTC−6 (Mountain) |
| ZIP Code |
84770–84771, 84790–84791
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| Area code | 435 |
| FIPS ID | 49-65330 |
| GNIS feature ID | 1455098[1] |
| Website | sgcity.org |
St. George is a city in and the county seat of Washington County, Utah, United States. Located in southwestern Utah on the Arizona border, it is the principal city of the St. George Metropolitan Statistical Area (MSA). The city lies in the northeasternmost part of the Mojave Desert, adjacent to the Pine Valley Mountains and near the convergence of three distinct geologic areas and ecoregions: the Mojave Desert, Colorado Plateau, and the Great Basin.[4] The city is 118 miles (190 km) northeast of Las Vegas, Nevada, and 300 miles (480 km) south-southwest of Salt Lake City, Utah, on Interstate 15.
As of the 2020 U.S Census, the city had a population of 95,342, with the overall MSA having an estimated population of 180,279.[5][6] St. George is the seventh-largest city in Utah and most populous city in the state outside of the Wasatch Front.
The city was settled in 1861 as a cotton mission, earning it the nickname “Dixie“. While the crop never became a successful commodity, the area steadily grew in population. Between 2000 and 2005, St. George emerged as the fastest growing metropolitan area in the United States.[7] Today, the St. George region is well known for its year-round outdoor recreation and proximity to several state parks, Zion National Park and The Grand Canyon. Utah Tech University is located in St. George and is an NCAA Division I institution.
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How do bankruptcy lawyers make any money if their clients are 'bankrupt'?https://t.co/u5x4N4EdYp pic.twitter.com/sZ6v7eBZ5c
— Jan Meriss Alfonso (@MerissJan) October 26, 2022
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