Eli5 How do bankruptcy attorneys make any money?
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They get paid up front. That means that if you need to hire them you have to pay them a certain amount of cash first. Sell something.
I don’t know how it works if you have millions in assets and are going into bankruptcy. I expect they make you sell something or mortgage something and give them the money but, the lawyers may have written some loophole in the law where they have first claim on the assets before anybody else gets paid.
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