How Much Does Bankruptcy Cost?
What Does Bankruptcy Cost? It Depends In What You File.
The cost of
filing for bankruptcy depends on several factors. These include the type of bankruptcy you are
filing for, as well as the amount of debt you possess. U.S. bankruptcy
courts have filing fees for those who decide to initiate bankruptcy proceedings.
As of 2021, these are the fees:
Additional fees:
- Administrative Fee: $78
- Trustee Fee: $15
- Credit Counseling Session: about $50 -- waivers or reduced rates are available
to those who qualify
Payment Options
The fees are usually due at the time you file the bankruptcy petition,
however, you may request to pay them in installments or even have them
waived. The only way to qualify for the waiver is to not be able to afford
the filing fees at all. To qualify for installments, your income must
be less than 150% of the poverty line.
Are You Considering Filing?
To learn more about what bankruptcy may cost you, contact a Price Law Group
bankruptcy attorney today. Our
bankruptcy team is well versed in all aspects of bankruptcy, from its relative cost to
the various steps involved in filing. In assisting you in your bankruptcy
case, we can provide you with the skill and knowledge necessary to give
you the strongest chance of a successful filing.
Bankruptcy is not traditionally an easy or simple
process. It is a complicated legal procedure in which many mistakes can be made.
A large number of people who have decided to file on their own have run
into trouble while doing so, and ended up in an even worse financial condition
than before they decided to file. If you are considering bankruptcy, it
is to your substantial benefit to retain the help of an experienced attorney
who can guide you through the process, and help you avoid any potentially
costly mistakes.
Contact us online or call (866) 210-1722 for a free consultation with a bankruptcy attorney
at Price Law Group. Spanish services are available. We serve clients nationwide.