How Much Does it Cost to File Chapter 7 Bankruptcy?
You have made the difficult decision to file bankruptcy so you no longer have to struggle with debts you cannot repay. Learning that filing bankruptcy is not free and will actually cost you more is discouraging. While it is true that there are certain costs associated with filing bankruptcy, it is likely more affordable than you think. Additionally, having your debt discharged and getting a fresh financial start in your life is well worth any of the fees charged during the legal process. Below, our Florida Chapter 7 bankruptcy lawyer explains further.
Court Fees for Filing Bankruptcy
One of the first fees you will have to pay when filing Chapter 7 is the bankruptcy court fees. Today, this is $338. In some cases, additional fees may also apply. For example, if you initially filed Chapter 13 bankruptcy but later wanted to convert your case to a Chapter 7, there may be additional fees applied to your case.
How Much are Attorney Fees when Filing Chapter 7?
It is impossible to tell how much any attorney will charge for handling a Chapter 7 bankruptcy case because all lawyers are different. In most cases, though, attorney fees for Chapter 7 range between $1,000 to $3,000. The fee is typically a flat rate, which makes it easier for people who are struggling to repay debt to work into their budget. In most cases, attorneys will require the fee is paid in full before they file the Chapter 7 case. Some attorneys may offer a payment plan but will still require the entire fee to be paid before the case is filed with the court.
There are times when attorneys may charge a higher fee than the average. This includes if a means test must be conducted, or if the case is highly complex. It is always recommended that before hiring an attorney, you ask what their fees and fee structure are so you do not face unpleasant surprises in the future.
Fees for Credit Counseling
Credit counseling courses are required in all Chapter 7 bankruptcy cases. The purpose of these courses is to ensure filers are educated about creating a budget and handling their finances after their bankruptcy case is finalized. The hope is that filers will not have to file bankruptcy again in the future. You have the burden of taking this course before filing so you can include your certificate of completion in your filing. You are also responsible for paying for the course and the fees are usually less than $100.
Call Our Chapter 7 Bankruptcy Lawyer in Florida Today
Working with an experienced Florida bankruptcy lawyer ensures you have a capable professional working on your behalf. At Nowack & Olson, PLLC, our experienced attorneys can handle the paperwork and court proceedings in your case to ensure you receive the best outcome possible. Call us to schedule a consultation with one of our experienced attorneys and to learn more about how we can help with your case.
Source:
law.cornell.edu/uscode/text/11/chapter-7
