Cost of Filing Bankruptcy
What is the cost of filing bankruptcy?
The cost of filing bankruptcy varies from one bankruptcy case to another. The court
cost of filing a Chapter 7 bankruptcy is a little more than the cost of filing a Chapter 13 bankruptcy.
What are the costs associated with filing bankruptcy?
When filing bankruptcy, the main costs of filing bankruptcy are:
- the bankruptcy court cost of filing bankruptcy
- county court costs and fees for filing bankruptcy, and
- cost of hiring bankrutpcy lawyer
How much is the court cost of filing bankruptcy?
The court cost of filing bankruptcy is around $200 - $300. The cost of filing bankruptcy is
$274 for a Chapter 7 bankruptcy and the cost of filing bankruptcy is $189 for a Chapter 13 bankruptcy. Other
court fees may apply.
Cost of hiring a bankruptcy lawyer when filing bankruptcy
Depending on what you need the bankruptcy lawyer to do to help you file bankruptcy, the cost of
hiring a bankruptcy lawyer to help with filing bankruptcy varies widely among bankruptcy lawyers and the state in
which you live in and want to file bankruptcy in. Some bankruptcy lawyers charge a flat fee for filing bankruptcy
whereas other bankruptcy lawyers charge by the hour. Cost of chapter thirteen bankruptcy lawyer fees may be very
different from the cost of chapter seven bankruptcy lawyer fees. Depending on how much you spend on the bankruptcy
lawyer, the cost to file bankruptcy may be larger than you can afford. The potential costs of bankruptcy can add
substantially to your financial burden. When being charged by the hour, be careful how much you are spending on
your legal fees and hiring bankruptcy lawyers, things could get worse financially for you.