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;
  • The 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.

Ready to find out whether bankruptcy can help you?

Complete our free, online debt evaluation form or call/text our office at (903) 759-5922. You can also email Find out if bankruptcy is your best option and whether it will help you.