The following is information regarding Chapter 7 Bankruptcies. If you have a question relating to
bankruptcy please fill out the form below.
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We are in the midst of the worst recession any of us have faced. Real
estate values have plummeted, banks are not lending money and income has dropped. Unfortunately, our liabilities have
not lessened. As a result, millions of people who have always worked hard, have always paid their bills find themselves
in a position that they never imagined that they would be - unable to pay their bills, unable to sell their assets that they
have worked so hard to accumulate and owning a house that is so upside down that they are unlikely to be able to hold the
property long enough to ever see any equity. People are embarrassed to find themselves in this situation yet desperately need answers to the many questions that
they have. Most law firms that do bankruptcy do not have a real estate and/or bankruptcy problem. If you go to
them to seek a bankruptcy but they will not look at your total financial situation to determine the best solution for you.
Some people file bankruptcy even though they could have possibly avoided bankruptcy by solving their real estate problem.
Others pursue a real estate problem that will not eliminate the need for a bankruptcy. Our attorneys will sit
down with you and will look at your entire situation, answer the many questions you have and help you create the best plan
to meet your goals. Our
Initial Consultation fee is a discounted rate of $150.00. We encourage
people to complete the Asset/Liability Information Sheet and the Monthly Expense Information Form prior to the initial meeting so we can better answer your questions. We can also provide you with a hard copy
of these forms to fill out if you are more comfortable filling out a hard copy form. Your Initial Consultation Fee will be applied against your Bankruptcy Retainer
if you hire us to proceed.
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Builder and Contractor Individual Chapter 7, No Asset Costs
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In most cases we will represent you in your bankruptcy
at a flat rate so that you do not have to worry as to what the cost of your bankruptcy might be. The amount of the flat
fee will depend on the complexity of your specific case. Attorney fees for an individual Chapter 7, no-asset liquidation with no disputed components start at $1,500.00. If
your income meets or exceeds Minnesota averages, thereby implicating the Means-Test Part II, our fee will be $1,750.00 plus filing fees. Prior to representing you we will provide you with a written retainer that
will spell out the costs of your case. If you have questions regarding the cost or any other part of the retainer, do
not hesitate to talk to you attorney. In all bankruptcy filings there will also be costs incurred over and above you
attorney fees.
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Builder
and Contractor Individual Chapter 7, With Asset Costs
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In most cases we will represent you in your bankruptcy
at a flat rate so that you do not have to worry as to what the cost of your bankruptcy might be. The amount of the flat
fee will depend on the complexity of your specific case. Attorney fees for an individual Chapter 7, no-asset liquidation with no disputed components start at $1,500.00. To
date, the vast majority of the bankruptcies that we have been involved were billed at our lowest flat fee rate. Prior to representing you we will provide you with a written retainer that
will spell out the costs of your case. If you have questions regarding the cost or any other part of the retainer, do
not hesitate to talk to you attorney. In all bankruptcy filings there will also be costs incurred over and above you
attorney fees.
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