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By: Samuel J. Turco Jr.

Nebraska Debt & Bankruptcy Blog

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Samuel J. Turco Jr.

Bifurcation

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8th BAP Court Denies Attorney Fees in Bifurcated Arrangement

By Sam Turco on June 22, 2021
Posted in Attorney Fees, Bifurcation, Chapter 7

The 8th Circuit Bankruptcy Appellate Court (BAP) has issued a new opinion baring excessive attorney fees involved in the use of bifurcated fee arrangements in Chapter 7 cases. See In re Allen, No 20-6023.

The United States Trustee, the agency that polices bankruptcy cases, objected tot he excessive attorney fees charged by William Riding…

Bankruptcy Banter Podcast, Bifurcated Fee Discusion

By Sam Turco on March 11, 2021
Posted in Bifurcation, Chapter 7, Nebraska Bankruptcy Attorney, Omaha Bankruptcy Attorney

Nebraska bankruptcy attorney Patrick Patino and had a great conversation about the hot topic of bifurcated chapter 7 fees in Nebraska.

In a traditional chapter 7 case all fees must be paid before a case is filed.  Why? Because unpaid attorney fees are wiped out once a case is filed so attorneys demand that all…

The Big Lie in Bifurcated Chapter 7 Fees

By Sam Turco on February 2, 2021
Posted in Bifurcation, Chapter 7

The controversial use of bifurcated attorney fees in Nebraska chapter 7 cases has reached critical mass.  We can expect US Trustee complaints to be filed against attorneys using BK Billing and Fresh Start Funding in the near future.

Under a bifurcated fee arrangement, the bankruptcy attorney charges a small amount down to file an incomplete …

No Money Down Chapter 7: Attorney Fee Issue Burning in Nebraska

By Sam Turco on January 27, 2021
Posted in Attorney Fees, Bifurcation, Chapter 7

It costs a lot of money to go broke.  The cost of filing Chapter 7 bankruptcy in Nebraska is $1,300 to $1,800 on average, and once a complete bankruptcy petition is filed attorneys are bared from collecting unpaid fees.  The bankruptcy petition wipes out all debt, including unpaid legal fees associated with preparing a bankruptcy…

About Us

Samuel Turco is a native Nebraskan whose wealth of knowledge and experience in bankruptcy law, along with a rich understanding of the issues faced by those in all corners of the state, has been instrumental in building a bankruptcy law practice adept in always seeing things from the client’s perspective.

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