Cost to File Bankruptcy?

Filing for bankruptcy is a stressful experience. Finding an affordable experienced bankruptcy attorney to assist you should not be.  Concerns that most people have when considering bankruptcy is “What does it cost to file for bankruptcy and how am I going to pay for a bankruptcy?”

What Does It Cost To File For Bankruptcy?

With regard to the first concern:  My philosophy in setting a fee for a bankruptcy filing is that bankruptcy is not a “one size fits all” area of practice. However, my fee structure is very affordable and is based on the estimated complexity of each particular client’s case.

First things first – The fee for a bankruptcy filing will of course depend on whether you file for a Chapter 7 bankruptcy or a Chapter 13 bankruptcy.  A Chapter 7 costs $335.00 for the filing fee and a Chapter 13 costs $310.00 for the filing fee.  The cost of the bankruptcy attorney fee is in addition to the filing fee charged by the U.S. Bankruptcy Court and is discussed below.  In addition, before filing for bankruptcy,  you are required to take a credit counseling course. The courses are taken online or over the telephone. Whether you need Chapter 7 bankruptcy help or Chapter 13 bankruptcy help,  we offer options to get your case filed immediately.  don't shortchange the valuable legal experience available to ensure your assets are protected and financial goals reached. You can read more about the differences between Chapter 7 bankruptcy and Chapter 13 bankruptcy on this website.

OUR $100.00 DOWN TO FILE EMERGENCY CHAPTER 7 BANKRUPTCY POLICY

So as stated, there is a court filing of $335.00 and a fee for a mandatory credit counseling.  These fees will be blended into a payment program with your attorney fees.

WHAT IS THE CATCH (HOW DO I QUALIFY)

There are only 3 simple qualifications.

• You must have an emergency type situation (e.g. garnishment, repossession or sheriff sale)

• You must have an established bank account.  That is our method of receiving installment payments via auto debit.

• The ability to repay.  You must have income sufficient to make the monthly payment we both agree upon.

 WHAT IF I CANNOT QUALIFY FOR THE $100.00 DOWN OPTION

Do not worry.  We have additional options to help you get the debt relief and peace of mind you deserve.  We will figure out a plan that works for you.

Bankruptcy Attorney’s Fees For A Chapter 7 Bankruptcy Filing.

Our fees are based upon your unique situation and is in addition to the court filing fees.  We have been doing this for decades.  Consideration of the attorney fee is based upon a number of factors such as:

• The type of debts (secured debts, judgments)
• The amount and type of assets
• The number of creditors
• The number of pieces of real estate owned

We believe that our bankruptcy attorney fees are at the lower range of the scale of fees charged by our brethren.  Just for comparative purposes, generally speaking, the overall attorney fee below is an outline of basic fees in a Chapter 7 bankruptcy 

Fee Schedule for a Chapter 7 bankruptcy filing:

•           Basic Attorney Fee                                                          $800.00
•             Joint Filing with spouse                 +                             $100.00
•           Amendments to add Creditors      +                            $100.00 (court charges $31.00)

Representation in Adversary Actions are not included in the basic bankruptcy attorney fee.

COST TO FILE CHAPTER 13 BANKRUPTCY; Attorney’s Fees in Indiana

My standard fee for a Chapter 13 bankruptcy is $4,000.00.  Of this fee, as low as $0.00 is paid (Click here for more info) prior to the bankruptcy filing. The entire unpaid balance of the attorney’s fee is routinely put into your Chapter 13 repayment plan. The Chapter 13 Trustee will pay the attorney fees on a monthly basis along with the other creditors.  Of course, your financial situation may change while you are in Chapter 13 - if you find that you cannot afford the Chapter 13 payment, your attorney can either modifiy your plan or convert your case to a Chapter 7 and wipe out debt.  Note that the Chapter 13 attorney fee does not include representation in Adversary Actions and removal of junior mortgages from real estate adds $500.00 per removal to the overall attorney fee (but is still paid by your repayment plan).

If you live in Indianapolis, Kokomo or the surrounding areas, and are considering bankruptcy, please feel free to call me at (317) 271-1111 or (765) 868-0807 to discuss your situation.