Cost of Chapter 7 Bankruptcy

The cost to file a Chapter 7 Bankruptcy will depend on how complex your case will be and the amount of time the attorney anticipates the case will require. The Court charges a filing fee of $299.00. You are also required to take credit counseling before you file bankruptcy which will cost from $25.00 to $30.00.

Our firm charges based on factors such as:

  • Whether you are a below or above median debtor;
  • The number of creditors you have;
  • The value, number and type of assets you have;
  • Potential non-dischargeability issues;
  • Whether there are potential preference or transfer issues;
  • The number of reaffirmation agreements required;
  • Whether any debts are secured by a voidable lien, requiring a court order to void lien;
  • Whether you have judgments against you that have attached to your real estate and require a motion to void judgment lien;
  • Extent of tax debt;
  • The level of service you need, such as credit report reviews, etc.;
  • Whether the case is a business case;
  • Whether anyone in the household is receiving social security disability or social security retirement benefits.

While we try to be competitive and fair in our fees, each case is treated individually. We understand that most people who need to file bankruptcy are cash-strapped.

Once you retain our firm, we will handle your creditor calls. When you are represented by counsel and creditors have been put on notice of the representation, they are not allowed to contact you directly. They must go through your attorney. If you have debts that are secured by collateral, however, and are in default on those debts, creditors may take action under the law and the contract to repossess or foreclose on their collateral. As a practical matter, once the decision to file bankruptcy is made, most people stop paying unsecured debt or creditors secured on property that they do not want to retain in the bankruptcy. This frequently helps them be able to afford the bankruptcy costs.

The most accurate way to determine how much it would cost you to file Chapter 7 bankruptcy would be to receive a free initial bankruptcy consultation. An experienced attorney at our firm will review your case and give you an idea of whether bankruptcy is the right option, how much it would cost, and how it could benefit you.  We do give a discount for those who are receiving social security disability or retirement. We also have affordable payment plans.

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