The Cost of a Texas Bankruptcy Lawyer

Filing for bankruptcy could be costly. Between filing and lawyers’ fees, you could easily spend a few thousand dollars to file for bankruptcy. Some may try to file without an attorney; however, your filing is far less likely to be approved by the court without one. For the best success, you should hire a lawyer. Here’s how much you can expect to pay for a Texas bankruptcy lawyer.

Bankruptcy Lawyer Fees by Chapter 

When you file for bankruptcy, the fee for a bankruptcy lawyer in Texas varies by type of bankruptcy. If you’re filing for chapter 7 bankruptcy, lawyers’ fees can be from $1,000 to $5,000. For chapter 11 bankruptcy, the cost will be around $10,000. Chapter 13 bankruptcies may range between $1,500 and $6,000.

Lawyer Fees by Complexity 

For chapter 11 and chapter 13 bankruptcy filings, law firms often offer a fixed rate fee that can be paid in installments. For a chapter 7 bankruptcy filing, the fee often varies greatly depending on the complexity of the case and your situation. Additionally, fees for a chapter 7 filing are usually paid upfront.

Court Approval

Under bankruptcy law, lawyers’ fees are strictly regulated to ensure they are reasonable. Many district courts have issued guidelines on a reasonable fee. Therefore, if the lawyers’ fee you are quoted falls within these guidelines, they are almost guaranteed to be approved. 

However, just because you are charged an amount higher than the guidelines doesn’t mean the price is unreasonable. If you have a particularly complex chapter 7 filing, the court may still approve it.

Contact DeMarco Mitchell, PLLC Today!

Filing for bankruptcy can be a stressful and expensive process, but that’s why we’re here to help. For a Texas bankruptcy attorney, you can count on, contact us at DeMarco Mitchell PLLC today.