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Mercury

I have no other option left than to file bankruptcy. My lawyer says it will cost me $1500, how does it cost to file bankruptcy? Are there different cost for different bankruptcies?

How does it cost to file bankruptcy?

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Merc

Mercury · Posted: Wed Jan 16, 2008 3:30 am Subject: How much time will it take?

How much time will it take to file and execute bankrupcty?

Posted: Wed Jan 16, 2008 5:42 am Subject:

Mercury -

It completely depends on what chapter of Bankruptcy you file. Only an attorney can really give you a good estimate.

Chapter 7 filings can range in price from $500 to $800 - possibly higher.

Chapter 13 is MUCH more expensive, with attorney's fees ranging from $1500 to $3000 or more. Chapter 13 attorney fees can be paid through the Chapter 13 payment plan, however, where most Chapter 7 filings have to be paid before they are filed.

Every attorney is different in how they handle the fees.

Posted: Wed Jan 16, 2008 7:52 am Subject:

I am currently making payments to an attorney to file bankruptcy, Their fee is $900. and then there will be an additional fee of $299. for court costs.

Posted: Wed Jan 16, 2008 8:57 am Subject:

To file the Chapter 7 petition is $299, but there is the added cost of the counseling sessions, which is another $100.

All the rest goest to lawyer fees. If you filed on your own that would be your cost.

The courts do accept payments. You can file for as little as $50, and make payments to the court. But no lawyer will allow this because they need to money upfront, since most debts are discharged in a chapter 7.