Scenario 1:
Debtor pays at the principal amount or less: | Bierens fee |
Payment collected up to $24,999 | 20% |
Payment collected between $25,000-$49,999 | 17.5% |
Payment collected between $50,000-$99,999 | 15% |
Payment collected greater than $100,000 | 12.5% |
Scenario 2:
Debtor pays interests and costs on top of principal payment: | Bierens fee on principal payment |
Payment collected up to $24,999 | 17.5% |
Payment collected between $25,000-$49,999 | 15% |
Payment collected between $50,000-$99,999 | 12.5% |
Payment collected greater than $100,000 | 10% |
*Note that any interests or costs collected stays with Bierens.
*Contingency is only applicable for undisputed claims.
*Contingency is only applicable for undisputed claims.