17 May What Does it Cost to File Bankruptcy?
The bankruptcy court charges a fee of $281 for a Chapter 13 Bankruptcy and $306 for a Chapter 7 Bankruptcy. Credit counseling costs as little as $5 and it costs another $15 or so for the financial management course the debtor is required to take in order to qualify for a discharge. Then, there is the attorney fee. It can range from $1,000 to $3,500 or more depending on many different factors.
While Congress requires us to tell you that you do not need a lawyer to file bankruptcy, and it is true a lawyer is not required, it sure helps to have one. Lawyers who specialize in bankruptcy work understand how the system works and can avoid costly mistakes that a consumer could easily make in trying to file bankruptcy without professional help. A do it yourself bankruptcy is a little like a do it yourself appendectomy; it is possible but not advisable and may hurt like the dickens.
Lawyer fees vary from district to district and from state to state. The National Association of Consumer Bankruptcy Attorneys has a list of consumer bankruptcy attorneys across the nation that can be accessed online. Our website has an inquiry form that will be directed to an experienced consumer bankruptcy attorney in your state. It is important, when hiring a lawyer to find one who is experienced with consumer bankruptcy and knows the law, price should be a secondary consideration.
The cost of filing a bankruptcy is governed by many factors. California bankruptcy lawyer, Doug Jacobs, explains the costs in California in his article “How Much Does a Bankruptcy Cost?” Kansas City bankruptcy lawyer Rachel Lynn Foley explains “Cost Cutting Tips For Bankruptcy” Illinois bankruptcy lawyer Andy Miofsky explains a number of bankruptcy court fees in his article. Oregon bankruptcy lawyer, Karen Oaks, explains why a bankruptcy attorney may not return phone calls.
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