Cost of Chapter 7 Bankruptcy
The cost of Chapter 7 bankruptcy will depend on how complex the case will be and the amount of time the attorney anticipates the case will require. The Court currently charges a filing fee of $335.
The cost of Chapter 7 bankruptcy is based on the amount of work we anticipate performing on your case. We consider these factors in determining the cost:
- Whether the income is below or above median for the household size which affects the amount of work needed to qualify you for a chapter 7 bankruptcy;
- The number of creditors;
- The value, number and type of assets;
- 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 a lien;
- Whether judgments exist that have attached to real estate and require a motion to void judgment lien;
- Extent of tax debt;
- The level of service needed, 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.
Each case is treated individually. Business cases or cases with dischargeability issues may involve more time than straightforward consumer cases and we may charge more if this is anticipated. We strive to give excellent service and personal attention. We are not a high volume bankruptcy mill. Carol Cross Stone personally handles each case. We do our best to return phone calls and emails promptly. Our charge for attorney fees is based on the amount of work anticipated for the case. We definitely understand that most people who need to file bankruptcy are cash-strapped. These costs can be paid all at once, or over time in a payment plan. In Chapter 7 bankruptcy, we cannot file your case until both the filing fee and the attorney fee is paid in full. We will work with you to help you get relief.
Your Next Step to Debt Relief
If you are struggling with debt, consult with an attorney who can give you guidance on options available to you. Each case is different and consultation with an attorney knowledgeable about the law as it applies to your particular circumstances is an important first step in resolving debt.
Read More About Chapter 7
- Chapter 7 Bankruptcy 341 Hearing Locations
- Chapter 7 vs. Chapter 13
- Credit Card Debt Relief
- Qualify for Chapter 7 Bankruptcy
- Reaffirmation Agreements and Secured Debt in Chapter 7
- Redemption of Secured Personal Property
- Void Judgments Against Homestead
- Void Liens Against Household Goods
Read More About Bankruptcy and Debt Relief
Chapter 7 – Usually the cheapest and fastest type of bankruptcy, Chapter 7 can wipe out credit cards, medical bills, and loans.
Chapter 13 – Does everything that Chapter 7 does, but with the added benefit of being able to help catch up on past due mortgages, car payments, and taxes.
Taxes – If you owe money to the IRS, there may be several different options for you, including some non-bankruptcy options.
Student Loans – There are many solutions to student loan issues, including getting a better payment plan, curing a default, and even loan forgiveness.
Debt Lawsuit Defense – When a creditor sues you over a debt, you can respond with a defense, which may allow you to win the lawsuit.
Loan Modifications – A special agreement between you and your mortgage lender might help you with a past due mortgage loan.
Debt Library – More in-depth articles on some of the more detailed areas of bankruptcy and debt relief.