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Bankruptcy Lawyers: Under BARF How Much Does it Cost to Cover Your Ass?

About $200 -- at least that's what the charge is at a new website designed to provide bankruptcy attorneys with one stop shopping for the data services necessary to conduct a "reasonable investigation" under the new bankruptcy law.

Deep down inside, we always knew that no matter what changes the new bankruptcy law brought, the most enterprising and entrepreneurial lawyers would find a way to survive and prosper. Indianapolis attorney Mark Zuckerberg can certainly be counted in that group. From everything I can tell, he runs an efficient yet throrough law office and gives his clients good value per dollar.

Mr. Zuckerberg has put together a website, www.bankruptcycya.com that is designed to take the horror out of signing the dotted lines on a bankruptcy filing stating that you've conducted a "reasonable investigation" into the truth of the debtor's schedules. To get to the $200.00 figure, I added up the cost of each of the data services that bankruptcycya.com offers, and I rounded. I did not include the cost of counseling because that's not really a cya cost. In many cases you won't need to do all these searches, but in some, you'll have to search on more than one car, for example, so you might have multiples.

I'm posting this primarily for the benefit of private bankruptcy attorneys. I'm sure that the Plan will refine its internal procedures as time passes.

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