Humanigen Inc (HGENQ)

[shajandr]

Of course. Only really lowball, low-end BK lawyers will sometimes offer a flat fee to get retail clients for very basic things - like a BK petition for a ghetto household with all W-2 income and a few credit cards, one bank account, a car loan or two, and maybe money owed to a Rent-to-Own store.

Regular BK lawyers charge by the hour - especially for corporate BKs. Straight-up paid by a client 'retainer' (trust fund deposit) for the pre-petition work paid by the client, and then they then submit timesheets to the BK trustee (and the BK court) to get paid for post-petition work and gett paid ~OUTT of the BK corpus assets.

Many times the BK judge may question the timesheets and cut hours, or the estate assets are so impaired that some or all of the post-petition fees don't get paid in full - only cents on the dollar.