Eli5 How do bankruptcy attorneys make any money?
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Chapter 7 pay up front for most jurisdictions. Stop paying credit cards, save over time. Most have some funds to pay pay or get help from family. Chapters 12, 13 have a repayment plan to creditors. Some fees up front, most through plan. Chapter 11 usually corporations but can be individuals can be either.
Have to realise often creditors garnishing, threatening to foreclose or repossess. So an incentive to find funds to file. Many counsel volunteer services for those who truly cannot afford attorneys but need assistance.
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