How much does it cost to file for bankruptcy?

Business Questions 7 views 8 answers
I want to file chapter 7

Attorney Answers

8
Richard Heller ·
It all depends on whether you are represented or not. The court filing fee is $306.00. Attorney's fees vary widely depending on the quality of service, experience of the attorney and complexity, or lack thereof, of the case. I have seen fees from $750.00 to $2,500.00 for an average bankruptcy filing. I would expect an average fee in your area would be about $1,500.00 for a good attorney in a case with no adversarial issues. If you plan to hire an attorney, interview more than one attorney and check their credentials, experience, and background. The cheapest or most expensive may not be the best for your needs. Also, you will need to take a pre-filing credit counseling class and a post-filing financial management course, which may be taken online at a cost of about $40.00 for both classes.
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Kathryn Tokarska ·
Agree with other counsel, average rate is about $1,500. I've found the credit counseling course through http://www.debtorcc.org/pre-filing-bankruptcy-credit-counseling.aspx $9.95 for each of the two needed courses per household
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Dorothy Bunce ·
It can cost a lot more than the few hundred dollars you pay for court fees & legal fees if you don't have experienced representation. You may risk everything you own by a filing a Chapter 7 Bankruptcy that is ill advised, improperly planned or poorly executed. You should consider the cost of filing Chapter 7 an investment in the benefit of relieving you of your debts. Not everyone can qualify to file a Chapter 7, so proceeding without advice about what it takes to qualify is crucial. Hope this perspective helps!
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William Kopp ·
Fees typically are around $1500 as has been stated but there are actually many factors. Experienced can take more or less based on the issues and how fast you have to file. The best thing is to interview a few and see you like. The extra hundred or two for someone you like is well worth it.
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Chad Vanhorn ·
$1,000 -$2000 on average. Most attorneys, including me will give you a free consultation.
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Scott Merl ·
As my colleagues stated, it all depends on your situation and how many creditors you have. The court filing fee is $306.00. Also, you will need to take pre-filing and post-filing credit counseling class , which may be taken online at a cost of about $40.00 for both classes. As for the attorney fees I would say you are looking at around $800-$1,500 in attorney fees. So, you are looking at around $346 in costs in addition to attorney fees of $800-$1,500 for a total of $1,100-$1,800 for a simple bankruptcy filing. I would urge you to seek counsel as Bankruptcy filings are not extremely complicated but the process is rather nit picky and best left to the help of your representation who has done this numerous times. Please note, most if not all attorneys in this field, like myself, provide a free consultation and evaluation of your matter. So please feel free to contact myself or others to discuss your care further. Scott Merl, Esquire Scott Merl, P.A. Admitted to Practice in Florida
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Eric Bolves ·
Orlando Bankruptcy Attorney. The average cost of a Chapter 7 bankruptcy is 1500.00 including the filing fee. I give people a $200 discount if they use my online questionnaire. Chapter 13 prices can vary according what needs to be done. The total cost of a 13 is about $3600 with around $1300 due at filing. The rest is paid through the bankruptcy plan. I give the $200 discounts on Chapter 13 also. It cost nothing to find out. I never charge for consultations. Eric Bolves, Orlando Bankruptcy Attorney 407-894-1002 2110 E. Robinson St. Orlando, FL 32803 www.thelegalcenter.com www.bkcinfo.com
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Samantha Dammer ·
Average fees are $1,200-$1,900 plus court filing costs, depending upon the complexity of the case. Some factors that can make your case more complicated might include: 1. how fast do you need to file? if the lawyer has to put aside other cases to file yours in a hurry to stop an auction or garnishment, he or she may charge more; 2. Do you anticipate any of your creditors to object to your discharge? 3. Do you have assets that might be non-exempt? 4. have you made an transfers of property recently? there are other factors to be considered. The important thing to remember is that you want to choose an attorney based upon experience and comfort level. Bankruptcy can be a stressful experience and you should not be "penny wise and dollar foolish" meaning that the attorneys fees should not be your only basis for decision. Good luck!
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