VA increased the maximum allowable bankruptcy attorney fees for legal services performed on a servicer’s behalf. VA will now allow attorney fees of $1050 (Chapter 7) or $1500 (initial Chapter 13) for obtaining bankruptcy releases directly related to loan termination (an increase from $650 and $850). In addition, VA will now allow an additional $500 for multiple bankruptcy filings under either chapter (an increase from $250). The increased attorney fees will be allowed for each bankruptcy filed on or after March 9, 2017.
Click here to view the VA Maximum Allowable Bankruptcy Attorney Fee Update
