At LifeBack Law we openly wonder how this is even legal or ethical. For starters, the bankruptcy law firm has just made themselves a creditor to their own client. Doesn’t that bar the bankruptcy law firm from representing the client? Don’t they now have a conflict of interest? Can a client really waive such a conflict of interest? We wonder.
Doesn’t Bankruptcy Code section 522(f)(1)(B)(i) allow debtor to avoid bankruptcy attorney lien on debtor’s property? It sure looks like it does. How can law firm enforce a lien that debtor can avoid?
Regardless of whether it is legal or ethical, bankruptcy law firms should never secure their own fees by demanding clients put up their bed and clothing to assure the lawyer gets paid. This is unseemly and looks terrible from any vantage point. Minnesota bankruptcy clients should avoid any law firm that would engage in this type of practice. What it says to the client is the firm is more worried about being paid than serving the client. In other words, the firm will help you only as so far as they hold their hand out waiting for your clothing and bed as collateral for their fees. Despicable.
When the time is right, or when you are ready to get your life back, reach out to Minnesota’s most professional and nicest bankruptcy law firm by going now to www.lifebacklaw.com. You will be so thankful you did!