How Do Bankruptcy Lawyers Get Paid?
A question that often surfaces when discussing bankruptcy is “How do bankruptcy lawyers make money?” The nature of their job requires defending people who are deeply in debt, so how can they make a profit? The truth is that clients who need legal assistance with a bankruptcy claim can usually choose to pay their attorneys in one of two ways.
If you are unable to pay your bills and are dealing with harassment from creditors, you may want to consider filing for bankruptcy. Contact a West Palm Beach bankruptcy attorney from the law offices of Eric N. Klein & Associates to discuss your options. Call 561-353-2800 to schedule a free initial consultation with a qualified attorney.
Paying Your Lawyer
When trying to resolve your debts, it may seem daunting to hire the help of an attorney who will also require payment; however, his or her assistance will most likely be worth your while. The two ways in which you can pay your attorney are:
- In advance. Some attorneys require upfront payment to ensure that they receive what they are owed.
- In payments. Frequently, your bankruptcy attorney will be your “trustee” when you file for bankruptcy, which means that you make your monthly payments to him or her, and he or she will dispense it to your creditors. When this occurs, the attorneys are in charge of paying themselves, essentially, because they are one of your creditors.
While a West Palm Beach bankruptcy lawyer can seem like simply one more expensive during a financially difficult time, legal representation can be very important. For example, your attorney may actually be able to help you save money by informing you about legal and financial protections.
Contact Us
If you are facing debts that seem irresolvable, a West Palm Beach bankruptcy attorney can help. Call the law office of Eric N. Klein & Associates, P.A. at 561-353-2800 today to discuss your options.
