Bankruptcy lawyers have an extra incentive to file Chapter 11 bankruptcy cases for clients before they bite into their first piece of Thanksgiving turkey. That’s because on Nov. 21, the fees for Chapter 11 filings will increase from $1,167 to $1,213 as part of the Temporary Bankruptcy Judgeships Extension Act of 2012, signed into law by President Barack Obama on May 25. And don’t forget the $46 administrative fee tacked onto the filing fee, which is found under Item 8 of the Bankruptcy Court Miscellaneous Fee Schedule. Never before has it cost so much for a business to go broke.
--- John Council
the meeting of creditors date arrives, the debtor will attend the meeting with their bankruptcy attorney at the bankruptcy court. Many people are intimidated at the thought of the creditors meeting and being confronted by angry creditors.
Posted by: Bankruptcy trustee | February 04, 2013 at 12:24 PM
This would suck if I was a (http://www.mcdonaldlawaz.com/location) bankruptcy attorney. Guess its a good thing I'm not. Hopefully my friends in Chandler find this out though, I wouldn't want them to get into too much trouble.
Posted by: Bill Shields | January 10, 2013 at 08:58 PM
Thank you for posting this article on bankruptcy! I didn't know how high the fees have become. Do you know of any edmonton bankruptcy lawyers? I could really use some of their help. Thank you!
Posted by: dorthypacker | November 29, 2012 at 04:49 PM
Woah, John, great sense of humor. Made me laugh. Hopefully some attorneys were able to get their filings in early.
Posted by: Dan C. | November 21, 2012 at 12:06 PM