The law office of Mitchell Reed Sussman & Associates discusses bankruptcy retainer.
An attorney retainer is the agreement whereby the attorney or law firm agrees to legally represent the Client. It sets in specific terms the type of work to be performed by the attorney and the cost of those services.
The law office of Mitchell Reed Sussman has a standard retainer agreement for Chapter 7 bankruptcy that contains the following provisions.
1. Mitchell Reed Sussman agrees to represent the client in a Chapter 7 bankruptcy proceeding.
2. The client agrees to pay to a fee of $2,500.00 for the work to be performed by that attorney. That fee a flat, non – refundable fee.
3. The attorney fee shall be paid in two installments, the first installment of $1,000.00 is to be paid upon execution of retainer agreement and $1,500.00 prior to filing the petition.
4. The retaining fee includes the following services: Analysis of debtor’s financial situation, rendering advice on whether to file a petition, preparation of the petition, schedules and statement of affairs, representation by an associate attorney at the creditors hearing and negotiation of reaffirmation agreements, if any.
5. No claim settlement or reaffirmation agreement shall be made without consent of the client.
6. The retainer agreement does not include or anticipate any motion work, adversary litigation in the bankruptcy court or appellate work on behalf of Attorney, including notice of Appeal.
The foregoing terms and conditions are standard and may be modified by mutual agreement between the client and the law office of Mitchell Reed Sussman. An actual retainer with the terms and conditions set forth herein above can be downloaded from this web page.