Bankruptcy Code 11 U.S.C. 329(a) and Fed. R. Bankr. P. 2016(b) requires attorneys representing debtors to disclose the compensation paid or agreed to be paid, if such payment or agreement was made after one year before the date of the filing of the petition, within 30 days after the case is filed.
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Q. #2Fee agreements for bankruptcy clients can never include payment to the attorney in installments.
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Q. #3Retainer agreements are required by law and memorialize the role of each party in writing and they should be written in plain language and easy to read so clients understand what they are signing.
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Q. #4During the initial client interview, a paralegal should disclose their nonattorney status to the client and remember that he or she cannot give legal advice, accept or reject the case, or set the legal fee for the service, three functions that are considered engaging in the practice of law and the attorney should address.
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Q. #5A term is ________ if it is capable of more than one meaning.
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Q. #6Debt allocation is a bankruptcy alternative that requires the debtor to obtain a large loan to pay off existing debts.
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Q. #7A client who has little or no assets or income is considered judgment proof.
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