Business Chapter 7 Bankruptcy Intake Package

Business Chapter 7 Bankruptcy Intake Package
Dear New Client:

Thank you for choosing North Colony Law. I hope that we were able to answer any questions that you had concerning bankruptcy during your initial consultation.

As we discussed during your original consultation, our Chapter 7 fees are a flat rate that is based on several factors such as your business' total assets and number of employees. Your Fees will be automatically calculated by answering the questions on this questionnaire and should match the quote we gave you. You have the option of paying your fees all at one time or paying over the course of several months. Whichever option you choose, your petition will not be filed until after we have collected all the information we need to prepare a complete and accurate petition and you have paid all of your legal fees.

Once you have finished this questionniare, you will be prompted to digitally sign and submit the form. We will then prepare your invoice and send it to you. Once you make your payment, you may inform your creditors that you have retained a bankruptcy attorney. Please give your creditors this number to call to confirm representation: 781-222-0611

It is important that you Stop using all business credit cards and lines of credit and stop making all debt payments (Unless instructed otherwise).

If you have any questions about what you should be paying, please contact your attorney.

Again, I would like to thank you for choosing us to represent you in this matter. If you have any questions or concerns, please feel free to contact us at 978-595-1449.

Sincerely,
North Colony Law

CHAPTER 7 CLIENT INFORMATION

Please take a moment to complete the following information. It is important that this information is correct, so that we may better serve your needs. If any of this information changes, you are responsible for informing us immediately.
Primary Contact's Name*

First NameLast Name
Primary Contact's Role with Business*

Officer (president, treasurer)DirectorManager (if an LLC)PartnerOther
Primary Contact's Cell Phone/Primary Phone #*

Area CodePhone Number
Primary Contact's Email Address*

Official Business Name
Business is organized as a:

CorporationLLCPartnershipOther/Unknown
Briefly describe the nature of the business
ie. "retail sale of food"
Is Business Currently Open*

YesNo
Business Address before it closed.*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Current Business Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

ASSETS
Cash on Hand (and in bank accounts)
Estimated Value of Business Assets (inventory, equipment, AR, etc.)
Number of full time or part time employees
Do not include owners who own more than 10% of the business.
Is the business (or an owner) currently party to a lawsuit by any customer of the business?

NoYes

YOUR LEGAL FEE

The questions in this section will determin your proper legal fee. If it is discovered that the information you provided in this section is wrong, your fee will be adjusted before your case is filed.
Select One Option that best describes your business:

Business has wound down, has no active employees, and under $75,000 in cash and other assets. ($2,500)Business is operating and ALL of the following apply: fewer than 5 current employees, business is current on payroll taxes, no pending customer lawsuits against the company or its owners, and business has under $75,000 in cash and other assets. ($3,200)Business is operating and ANY of the following apply: 5 or more active employees, business is behind on payroll or payroll taxes, or business has more than $75,000 in cash and other assets. ($4,500)Other (select this if you are unsure, or your attorney has offered a discounted rate)
Based on your answers, your total legal fee is:
(unless seperatly quoted by your attorney)
Do you wish to pay your legal fees all at once or installments?

1 Lump sum payment2 Monthly Installments (we will add $50 to your fee)3 Monthly Installments (we will add $75 to your fee)

ATTORNEY-CLIENT FEE AGREEMENT

(Joint Debtors-Standard)

This document (the "agreement") is the written fee contract that the law requires lawyers to have with their clients. North Colony Law, PC ("NORTH COLONY", "WE", "OUR" or "US") will provide legal services to {officialBusiness47}, (“YOU”) a business organized under the laws of the Commonwealth of Massachusetts on the terms set forth below.

1. CONDITIONS. This agreement will not take effect, and WE will have no obligation to provide legal services, until YOU return a signed copy of this agreement and pay the initial deposit called for under Paragraph 5.

2. SCOPE OF SERVICES. YOU are hiring NORTH COLONY as your attorney, to represent YOU in a Business Bankruptcy proceeding. WE will provide all legal services reasonably required to represent YOU. WE will take reasonable steps to keep you informed of progress and to respond to your inquiries. This agreement only covers YOU for those services typically associated with your type of Bankruptcy, for a Business Chapter 7 this includes the preparation of your petition and schedules, representing YOU before the trustee in the 341 meeting of creditors. This agreement does not cover us representing any officer, shareholder, or other party in any action taken by the bankruptcy trustee to recover property on behalf of the estate.

3. CLIENT'S DUTIES. YOU agree to be truthful with US, to cooperate, to provide US with any documentation we require, to abide by this agreement, to pay all bills on time and to keep US advised of your address, telephone number and hereabouts.

4. BANKRUPTCY FEE. YOU agree to pay NORTH COLONY:

{basedOn}*

Which includes your $340 court filing fee.

(*if no fee is calculated, your fee will be the amount that was seperatly quoted to you by email)

If YOU fail to complete any payment plan or to complete paperwork within six months of signing this agreement, YOU will be responsible for an account reinstatement fee of $350.00.

If YOU your legal situation is different that you stated when completing the online form and your legal fee would be higer that the catagory YOU chose, then YOU agree that WE shall have the right to increase OUR rate to an amount that matches the respective fee discussed above.

5. AUTHORIZATION. The person signing this agreement hereby stipulates that they have actual authority to enter into this agreement on behalf of the business.

6. DISCHARGE AND WITHDRAWAL. YOU may discharge US at any time. WE may withdraw with your consent or for good cause. Good cause includes your breach of this agreement, YOUR refusal to cooperate with US or to follow our advice on a material matter or any fact or circumstance that would render our continuing representation unlawful or unethical. If our services conclude because of the circumstances listed in this paragraph, YOU will be charged a rate of $375.00 per hour for any work performed on your case. This hourly rate will be charged against any deposits YOU have paid and any remaining deposit funds in our possession will be refunded.

8. DISCLAIMER OF GUARANTEE. Nothing in this agreement and nothing in our statements to YOU will be construed as a promise or guarantee about the outcome of YOUR matter. WE make no such promises or guarantees. OUR comments about the outcome of your matter are expressions of opinion only.

9. EFFECTIVE DATE. This agreement will take effect when YOU have performed the conditions stated in Paragraph 1, but its effective date will be retroactive to the date WE first performed services. The date at the beginning of this agreement is for reference only. Even if this agreement does not take effect, YOU will be obligated to pay us the reasonable value of any services we may have performed for YOU.

_______________________________________________________________

SIGNING

By signing, YOU acknowledge that YOU have read and understand that this document is a legally binding contract that creates obligations. YOU understand the contract terms and agree to them.
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