How much does a credit repair lawyer cost?

Paying your credit card bills on time is an excellent way to keep up your credit score. However, there may be instances that you cannot bear them, and the dues start piling up.

Creditors begin to make harassment calls without caring about your unfortunate condition.

Moreover, if you cannot pay your dues on time, your credit report also gets a hit. It will take months and sometimes years to repair your credit report.

Hence, it becomes your prime goal to remove the negativities from your credit report during these situations. However, since it is a complex process, you need the services of a credit repair lawyer.

Service charges of a credit repair lawyer

When you hire a credit repair lawyer, you have to pay him the service charges. The charges vary according to the case that usually depends on

  • The scope of work.
  • Your debt amounts.
  • The complexity of the case.

Therefore, your credit repair lawyer can charge you the following fee structure depending upon the case.

 

Following are the various negotiations by a credit repair lawyer

 

  • He may charge you on an hourly basis:

 

Usually, the hourly rate of a credit repair lawyer depends on various factors, and it can be according to the lawyer’s experience and your place of residence.

A credit repair lawyer may charge you $125 to $350 per hour.

 

 

  • A flat fee depending upon the case:

 

Your credit repair lawyer may charge a flat fee depending on the number of creditors. The lawyer may charge a flat fee to come to a settlement with all your creditors in one go. Usually, the charges are around $500, depending on the case.

 

 

  • The credit lawyer may charge you according to the amount of debt:

 

For example, the credit repair lawyer may charge you more if you have high debt. During such instances, the lawyer’s fee depends on a certain percentage of the debt.

 

 

  • The fee may also depend on the amount of settlement:

 

For example, if your credit repair lawyer goes for a settlement with the creditors, the price depends on the amount you save.

Hence, the higher you save on the bills after coming to a payment, the higher the fees of the credit repair lawyer.

 

 

  • Other factors

 

There may be some instances when the charges of the credit repair lawyer are higher. However, it happens only when a creditor files a lawsuit or obtains a judgment against you.

 

Call To Action

If you are facing problems with your credit report, there is an affordable way to clean your credit report without paying hefty fees to a lawyer. 

Avail of legal plans to get experienced credit repair experts providing legal ways to achieve the improvement your credit report requires. 

Legal plans also provide you with legal experts to deal with your debt situations. Talk to a legal plan representative today.

What are the various Credit Repair Laws in the US?

How to file chapter 11 bankruptcy?

Note: The writer compiled the following data from various resources. The article should be considered informational. 

To better understand your case and requirements to file bankruptcy, you should consult with an attorney.

 

What is chapter 11?

If engaged in business, corporations, partnerships, or sole proprietorships, debtors should consider filing a petition under chapter 11 of the Bankruptcy Code to remain in business and avoid liquidation.

Under chapter 11, the debtor may seek an adjustment of debts by either reducing the debt or extending the time for repayment, or seeking a more comprehensive reorganization.

 

What is the eligibility for Chapter 11 bankruptcy filing?

Individuals, corporations, partnerships, joint ventures, and limited liability companies are all eligible to be Chapter 11 debtors.

There are no debt or income requirements or limitations for filing bankruptcy under Chapter 11.

 

How much time to make the payment?

It depends upon the payment plan constructed between the debtor and creditor.

Typically, it takes three to five years to complete the Chapter 11 plan of a small business debtor.

 

Are your assets protected in chapter 11?

The chapter 11 bankruptcy case of a corporation (corporation as debtor) does not put the stockholders’ assets at risk other than the value of their investment in its stock.

In a partnership bankruptcy case (partnership as debtor), however, the partners’ assets may, in some cases, be used to pay creditors in the bankruptcy case, or the partners themselves forced to file for bankruptcy protection.

A bankruptcy case involving a sole proprietorship includes both the business and personal assets of the owners-debtors.

 

Can you file bankruptcy yourself?

You can go through the paperwork and court process yourself without an attorney.

However, It’s complex and tricky. So you have to be careful and precise. It’s wise to consult with an attorney.

 

Can you file chapter 11 online?

You can do a lot of the paperwork and educational requirements online with help from a bankruptcy attorney or a non-attorney bankruptcy petition preparer.

However, meeting with creditors and pleading your case in court hearings must be done personally.

 

How to file for chapter 11 bankruptcy?

  • A chapter 11 case begins with filing a petition with the bankruptcy court serving the area where the debtor has a domicile, residence, or principal place of business.
  • The debtor or the creditor can file the petition if it meets the requirements.
  • File schedules of assets and liabilities; a schedule of current income and expenditures; a schedule of executory contracts and unexpired leases; a statement of financial affairs. Fed. R. Bankr. P. 1007(b).
  • Must file a written disclosure statement and a reorganization plan. 11 U.S.C. §§ 1121, 1125.

 

Filling Fees

The courts must charge a $1,167 case filing fee and a $571 miscellaneous administrative fee.

However, you can pay it in installments with the court’s permission.

Must pay the final installment no later than 120 days after filing the petition. However, for cause shown, the court may extend the time of any installment, provided that the last installment is not later than 180 days after filing the petition. Fed. R. Bankr. P. 1006(b).

 

How to file bankruptcy chapter 13?

 

How to file bankruptcy chapter 13?

Note: The following data is compiled from various resources. It should be considered informational data. 

To better understand your case and requirements to file bankruptcy, you should consult with an attorney.

 

 

What is chapter 13?

Chapter 13 bankruptcy is the reorganization bankruptcy that usually works for individuals to repay their debts. 

Court asks you to develop a repayment plan that covers all or most of your debts.

Chapter 13 is also known as the wage earner’s plan.

 

What is the eligibility for Chapter 13 bankruptcy filing?

Any individual, even if self-employed or operating an unincorporated business. 

An individual’s unsecured debt must be less than $419,275 and secured debts of less than $1,257,850.

 

How much time to make the payment?

You propose a repayment plan to make installments to creditors over three to five years.

 

Are your assets protected in chapter 13?

Your assets are protected from foreclosure and repossession while you repay your debt.

 

Can you file bankruptcy yourself?

You can go through the paperwork and court process yourself without an attorney. 

However, It’s complex and tricky. So you have to be careful and precise. It’s wise to consult with an attorney.

 

Can you file chapter 13 online?

A lot of the paperwork and educational requirements can be done online with help from a bankruptcy attorney or a non-attorney bankruptcy petition preparer.

However, meeting with creditors and pleading with your case in court hearings must be done in person.

 

How to file chapter 13 bankruptcy?

  • A chapter 13 case begins by filing a petition with the bankruptcy court.
  • You must also file a certificate of credit counseling.
  • You also file a repayment plan with the bankruptcy court detailing how you will repay your debts.
  • File schedules of assets and liabilities; a schedule of current income and expenditures; a schedule of executory contracts and unexpired leases; a statement of financial affairs. Fed. R. Bankr. P. 1007(b)
  • File a statement of current monthly income.

 

Bankruptcy Filling Fees

The courts must charge a $235 case filing fee and a $75 miscellaneous administrative fee. 

However, they may be paid in installments with the court's permission.

 

 

Source :

https://www.uscourts.gov/services-forms/bankruptcy

https://www.law.cornell.edu/rules/frbp/rule_1007

 

How to get a debt lawsuit dismissed?

If you fail to pay the outstanding dues to your creditor, he may file a petition with the court to start a debt lawsuit against you. 

However, it involves a lot of time and money for the entire process. 

Hence, most collectors try to settle the debt outside the court.

 

However, if you receive intimation from the court regarding your outstanding dues, you can use the following guidelines to dismiss your debt lawsuit.

 

Thorough Check

You must check your records and determine the amount you owe and when you made the last payment.

If you have failed to pay for a certain period, then it reaches a period when it becomes illegal for the creditors to charge you.

You must also check whether your name is correct and the correct amount of debt is specified. If you find any mistake, it can be favorable for you.

You should have ample evidence to challenge your creditor and, in the process, dismiss your debt.

Since there are various processes in debt collection, it is most likely that the amount, name, or other information may be incorrect.

Hence, the fortune tables turn towards you, finally dismissing the case.

 

Respond on time

It is essential that as soon as you receive the lawsuit, you must respond within the given time. It is a favorable action on your part because if there is no response, the judge may rule the case against you.

Moreover, once the judge takes the decision, it will become impossible to reverse it. Hence, you should respond to the lawsuit as soon as you receive it.

You can send a copy of your answer to the creditor, and you can also hire an attorney who can guide you through the debt lawsuit process.

 

Debt Settlement

If you can defend yourself against the debt, you may get a favorable judgment. However, if the decision goes against you, the best solution is to settle with your creditor.

Once you assure him of a payment plan, the creditor may dismiss the case against you. Therefore, it is necessary that when you are opting for a settlement, try to negotiate it at a lower amount.

You must also ask for a reasonable period within which you will be able to settle your entire debt.

Call to action

It is essential to respond to any summons you receive, and it is a positive sign that will help the case become favorable for you. 

If you do not know how to proceed, it is advisable to take the help of a lawyer who will guide you through the entire process.

 

How can a debt lawyer help me repay my bebt?

How to start a private trust in the US?

When you have an estate, you need to protect it in the interest of your loved ones in case of any unforeseen circumstances. 

The only solution to this is to create trust.

 

The prime advantage of creating a private trust is that it can protect and manage your assets for your family, relatives, and loved ones.

Moreover, you can also get tax exemption on your property, thus saving you from unnecessary expenses.

 

Components of a private trust

When you create trust, there have to be three essential components:

Grantor:

A Grantor is a person who makes the trust. He is the owner of the property.

 

Trustee:

You have to create a trustee who will manage the trust. It oversees and manages the assets of the trust.

 

Beneficiaries:

Beneficiaries are persons who will benefit from the trust in case of any unnatural inconvenience.

 

Therefore, if you create a private trust, your family and loved ones will significantly benefit in terms of money if the Grantor dies.

 

The working of a Trust

When the Grantor creates a private trust, he transfers the tangible assets to the trustee, who then oversees the management of the assets.

The grantor instructs the trustee on how to distribute assets in case of his death.

The trustee then manages the assets for a particular time and then allocates them to the members as per the Will of the Grantor.

 

There are two types of Private Trust:

  • Revocable Trust: A revocable trust is called a living trust. Hence you will be able to make changes at any point in time.
  • Irrevocable Trust: You will not be able to modify or alter an irrevocable trust. Once you create the will, it remains unaltered.

 

Creating a Private Trust

You can easily create a private trust as it is fast and easy. The Grantor will write down his requirements with specific conditions regarding his assets.

He will also specify the members who will benefit from the trust.

Usually, a private trust involves cash, Insurance policies, stocks, vehicles, and even personal properties. Therefore, it is necessary that when you are creating a Will, you need to get the services of an experienced attorney.

You can also get the help of estate planning services, which will guide you through the entire process and ensure that everything is in order.

 

Call to action


If you care for your family and loved ones, creating a private trust is essential, and it will protect your family members in case there are any unforeseen circumstances.

 

Wills and trusts legal services

How to get out of a bad business partnership?

Business partnerships are a notch above personal bonding. You own a business with your partner legally with distributed shares in profits and losses.

One cannot form a partnership without a written agreement on the terms of trade.

 

Hence, if your partner pushes you out of your company based on unreasonable premises, you can undertake legal steps and negotiate with your partner.

 

The Ownership Contract

Before discussing your options for resolution and justice, we need to have a clear idea about what exactly constitutes a business partnership –

  • Distribution of revenue based on individual shares.
  • Partnership management and conflict resolution.
  • Partnership dissolution process.
  • Asset redistribution following the dissolution.
  • The formal procedure for a partner’s exit.

Moreover, every employee and stakeholder of a company must abide by the code of ethics, leave policies, and other documents that govern the functioning of an organization.

If you feel your business partner violated your position while you were away, you can seek remedies through the ownership contract and state laws.

 

Challenging the takeover

Your partner holds a position to seize your share and role in the business if you violate the ownership contract.

If the written agreement does not exist, you can still seek the help of state laws.

Pushing you out of your home or business is a chargeable offense, and you can file a lawsuit.

 

Legal services have your back.

  1. Consult and hire a lawyer to strategize the best method moving ahead in reclaiming your rightful ownership.
  2. Lawyers can assist you in negotiation, review company policies and by-laws to ensure your partner cannot defend themselves, and represent you in court.
  3. Your partner may cite economic or personal in their defense or trick you into a questionable position. Therefore, it is best to file a petition to prove that your partner’s reasons are impractical and violate the legal agreement.
  4. Utilize the ownership agreement in your defense as it contains protective privileges in a partnership and the formal procedure of a partner’s exit.
  5. You also possess the right to negotiate compensation and access business records before passing your ownership.
  6. If you feel you are in a position to negotiate, you can insist on a buyout of your shares by your partner to officiate the handover.

 

Call to Action

Business partnerships are complex, and you need the most experienced legal services to protect your ownership and rights.

You can learn more about it from an expert by filling up the form on our website.

 

How to get out of a business partnership legally?

How to set up a trust in Texas?

The prime reason for setting a trust is to have control over your assets so that you can distribute them accordingly as per your requirements. 

It is a way to secure the future of your family.

 

One of the most significant advantages of transferring your assets to the Trust is that nobody can falsely claim your property.

Creating Trust is not a big deal if you live in Texas. You can do it online or take the help of an estate planning authority.

 

However, you have to make a trust agreement first before setting up a trust of your property. Below are guidelines that will help you set up a trust in Texas:

 

Decide the ways in setting up the Trust.

Setting up a trust for your property is easy as you can do it online. However, you should hire the services of an estate planning lawyer for proper guidance.

There are two ways of creating a trust; revocable Trust, where you will be able to change, and irrevocable Trust, where it is locked once you make the Trust.

 

Creating the Trust

You will not be able to create a trust unless you follow specific legal procedures.

If you want to make a trust agreement, there is some legal paperwork that you need to fill out. The essential components of Trust must have the following:

  • The Grantor who creates the Trust.
  • The Trust where you will transfer your property and asset.
  • The trust beneficiaries who will receive the Trust after you die.
  • The trustee who will take control of your help and manage them.

 

Sign the Trust

It is of utmost importance that you must notarize the Trust after you create the Trust. Notarization can prevent fraud and confirm the trust agreement’s validity.

In addition, you will not be able to alter or modify the contents of the Trust later. Hence, you must sign the trust agreement in the presence of witnesses.

 

Setting up a bank account

After you create the Trust, you must set up a trust bank account where you can transfer the money. It is essential as you will be able to transfer money to the beneficiaries with ease.

 

Transfer your assets

The last step of setting up the Trust is to transfer your assets to the Trust. It is an intention that you are willing to distribute your assets and property to your beneficiaries after you die.

 

Call to Action

Though with the availability of online mode, you can easily set up a trust for the benefit of your family members, it will be a wise decision if you hire the services of a professional.

He will do all the necessary processes on your behalf and ensure that you make the Trust.

 

How much does a lawyer cost to make a will in the US?

How long does a bankruptcy take to discharge?

Sometimes in your life, certain situations arise when you cannot meet all the necessary expenses, and you are unable to pay the bills and other debts. 

During such circumstances, you are also continuously harassed by the people for the recovery of loans and bills.
 
As a result, the expenses keep on overloading, and finally, you declare yourself bankrupt.

 

Bankruptcy releases you from specific debts where you are not liable to pay off your debts because of your current pathetic situation.

The creditors cannot further harass you in collecting the indebtedness through phone calls, letters, or personal contact.

 

The period

If you are labeled bankrupt, it releases you from paying your debts. However, the discharge usually occurs according to its type when you file for bankruptcy.

Sometimes, the court may prompt in discharging your bankruptcy depending upon the type of debt. Usually, after four months from the time, the debtor files a petition with the court about his bankruptcy.

The bank may grant the discharge soon if it finds that the debtor cannot earn an income due to a physical or mental disorder. It may also grant permission if the person is not in the capacity to achieve.

 

The process of discharge

Before discharging you from debts following are the procedure that the court will take:

. Gather Information

The court will gather all necessary information regarding your financial status in the present timeline. You need to furnish your last six months’ income-proof statement and your bank statement. You will also have to give your debts and monthly expenses on necessary items.

 

. Course on credit counseling

You need to take a course on credit counseling for 180 days or less before filing for bankruptcy. The court will not accept your filing unless you show them the certificate that you have successfully taken the course on credit counseling.

However, if the credit counseling plans the repayment option for you, you must comply and pay the amount.

 

. Filling the forms

Once you are ready to file, the court will give you twenty-three forms to fill out. You need to fill out the forms, and you need to fill the forms correctly, as it is your pass that will discharge you from the debts.

Therefore, it is better to hire an attorney who will guide you through the entire process.

 

. Paying the requisite fee

The entire process of filing the bankruptcy requires you to pay a certain amount of fees. However, the process does not begin unless you pay the expenses, and you can also pay the fees in installments.

 

Call to Action

Therefore, if you feel that you cannot pay your debts, you need to file a petition with the court. Once you can prove that you are not in a position to pay your debts, the court will discharge you from the liabilities.

 

How can a debt lawyer help me repay my bebt?

How to apply for an auction license?

If you plan to set up your business as an auctioneer, you need to obtain an auction license of that state. Once you get the permit, you are certified to hold auctions.

If your objective is to make money by holding auctions, you need to prove to your customers that they, too, get their money’s worth.

You have to build a reputation that the customers will believe in you. Hence, if you plan to open an auction house, you need to hold an auction license.

 

Types of the Auction license

Usually, there are four types of auction licenses:

  • Livestock auction license
  • Vehicle auction license
  • Art auction license
  • Other types of auction licenses.

 

Minimum criteria to obtain an auction license

It is not a complicated process to obtain an auction license. However, there are some essential criteria that you need to fulfill to get an auction license.

  • You must be a minimum of eighteen years.
  • You must have a high school degree.
  • There should be no criminal record.
  • There was no revocation of your auction license.

Apart from the above, you must also have a good character and competence to perform an auction. There are some areas where you have to undergo an examination and specific hours of education on auction.

 

Steps to obtain an auction license

If you want to obtain an auction license, the following are the steps:

  • First, you need to fill up the auction firm license form. A fee is applicable that you need to pay with the auction license form. Usually, the auction license fee ranges between $200 to $400. Next, you need to fill up a set of questions correctly in the license form. The questions include your business, criminal record, and other personal details.
  • If you are not an auctioneer, you need to sit for an examination, and you have to have a specific number of education hours from an approved auction institute. Training in the auction is a must where you will get to know the skills and ethics.
  • Lastly, you need to submit your criminal investigation report that specifies that you have a clean history. Then, once you get the license, you must make sure that you renew it before the deadline.

 

Call to Action

Being an auctioneer is an exciting business. Therefore, once you obtain the license, you need to prove your worth. You have to be honest and ensure your customers are in the right place. Hence, your prime aim as an auctioneer must be to win the customers’ confidence.

 

Which is Better: Legal Plans Vs Lawyers?

How much does a lawyer cost to draft a contract?

It is difficult for us to create a contract in proper order, and it is because we are not aware of the ins and outs of the law. 

Therefore, there will be some errors if you even try to draft a contract.

 

Consequently, it is necessary that when you are preparing a contract, you must take the help of a lawyer. A lawyer will guide you through the entire paperwork and ensure that you achieve the purpose of your agreement.

However, there are some charges that you have to pay the lawyer depending upon the type of contract.

The cost of hiring a lawyer to draft a contract depends upon the complexity of the contract.

Following are the various categories of the agreement for which the lawyer’s fee differs:

 

Simple Drafting

If you hire a lawyer to draft a straightforward contract, the lawyer will usually charge a flat fee. However, the fee can vary between $200 to $800, depending upon the agreement.

You can also hire a lawyer online who will do the needful in drafting a contract. However, the lawyer may charge an hourly fee ranging from $150 to $500 per hour.

 

Complex Drafting

If you have a complex contract, the lawyer’s service fee can be expensive. The rate may range between $800 to $2500 depending upon the complexity of the contract.

However, if you are hiring a lawyer online, he may charge you on an hourly basis that can range between $150 to $500 per hour.

 

The typical charges

If you hire a lawyer to draft your contract hourly, it becomes expensive. However, it is not usually an hour for which the lawyer charges as there are intervals.

Moreover, while drafting a contract, various issues may arise that can extend the time.

Hence, the cost also increases. Therefore, it is better to use a legal plan membership or hire a lawyer who charges flat fees as the lawyer will be able to complete the work without considering the time.

Hence, when you hire a lawyer for drafting a contract, the following are the standard procedures:

  • An initial consultation.
  • He will make a first draft of the document.
  • He will then call you to discuss the document and take notice if you need any further changes.
  • Finally, revise the documents once or twice.

 

Call to Action

Therefore, it is necessary that when you hire a lawyer or legal plan to draft a contract for you, you must first make clear how he will charge for his services. Then, once you agree to the payment procedure, you can proceed with the processing.