Bankruptcy Retainer Agreements

Retainer agreements are fee agreements typically established by attorneys when a client seeks legal services. A retainer is asked for in the event the attorney be asked to provide specific legal services for a client. Generally when an attorney is paid a retainer in a bankruptcy case, it is for the purpose of carrying out a bankruptcy.

Retainer Agreements Explained

A person who seeks services from an attorney may pay a retainer to ensure that when the client needs the attorney, the attorney will be available. If a person or business needs an attorney to effectuate a bankruptcy on their behalf, it is wise to pay a retainer in advance to ensure the attorney is available to conduct such legal matters when needed.

You can think of a retainer agreement as a down payment for legal services. It ensures that a particular lawyer will be available to service you in the event that you need help. The attorney who agrees to be on retainer to serve your legal needs will be required by the contract to turn down other clients if it is required to meet your needs. A retainer is a contract (if it is handled properly and is in the form of a written legal agreement).

If you would like to retain an attorney to handle a bankruptcy on your behalf or on the behalf of your business, you can discuss this option with an experienced bankruptcy attorney.

Getting Legal Advice

If you are contemplating bankruptcy and are concerned about the fees involved, an experienced bankruptcy attorney can provide you with a fee agreement or a retainer agreement so that you will know well in advance the fees that will be associated with any legal action. An attorney will advise you of your legal options and rights and advocate on your behalf throughout any legal proceedings.