Cost Of Filing Bankruptcy

FEES AND COST OF FILING BANKRUPTCY

• Filing Fees – As of December 1, 2014, the filing fee for Chapter 7 is $335. The filing fee for Chapter 13 is $310 and the filing fee for Chapter 11 is $1717.
• Credit Counseling and Debtor Education Classes – We partner with Credit Info Net to conveniently provide our clients a package of five items and services. This includes
  1. A blended report from the three major credit reporting agencies, which includes, a search for any judgments or liens filed against you. We cannot guarantee that every creditor you owe reports to a Credit Reporting Agency, but if they do, we will have them listed
  2. Federal tax transcripts for the last four(4) years
  3. The pre-filing credit counseling course
  4. The post filing debtor education course
  5. Since creditors do not always correctly report a Bankruptcy Discharge to the three National Credit Bureaus, also included is a one year credit monitoring service. This service included a second credit report which will be delivered to you approximately 60 days after a Chapter 7 discharge or the confirmation of a Chapter 13 Plan. Your case will also be assigned a credit advocate to handle any future disputes that may arise from your credit report, as a result of your Bankruptcy case for a period of one year.

The cost of this package is $100.00 for an individual or $125.00 for a joint filing.

• Attorney Fees – These vary from state to state and it will depend on the complexity of your case, the level of work involved and your personal situation. Our initial consultation is FREE  and we will typically advise our clients that attorney fees in Chapter 7 will likely be between $800 and $1,500. If we can do it for less, we are happy to do so. Chapter 13 costs more. Remember that we have to service your case for three to five years. The good news is that most of the attorney fees are paid from the Chapter 13 plan. In other words, the money you pay to the Chapter 13 Trustee, he will turn around and pay some of that money back to us. The court must approve those fees, of course.