How Much Does Bankruptcy Cost?

Chapter 7 & Chapter 13 Bankruptcy Filing Fees

If you are interested in filing for bankruptcy, you may be wondering how much it’s going to cost. The cost will ultimately depend on the type of bankruptcy that you file and the complexity of your case. Essentially, the more complex your case, the more it is likely to cost. Similarly, the filing fees are different for different chapters of bankruptcy.

As of June 2014, the bankruptcy filing fees for Chapter 7 and Chapter 13 are:

When you schedule a free, one-hour consultation with the Phoenix bankruptcy attorney at Leonard V. Sominsky, ESQ., PC, we can discuss your budget, income and expenses, as well as the type of bankruptcy that is right for you. We are proud to offer our legal services at a price that you can afford, and we don’t expect you to pay the total cost up-front. Working with us is like paying for a lawyer on “lay away.”

Can I Pay the Bankruptcy Filing Fee in Installments?

If you cannot afford to pay the filing fees at the time that your bankruptcy petition is filed, the court may let you pay it in installments. By filing Form 3A, which is an Application and Order to Pay Filing Fee in Installments, you can propose a schedule for the repayment of this fee. This proposed schedule cannot include more than four installments, and payments cannot be made later than 120 days after filing.

What If I Can’t Afford to Pay the Filing Fee At All?

If you simply can’t afford to pay the filing fee for your bankruptcy petition, even in installments, you can request that the court waive the fee completely. In order to do so, you must be able to show that you cannot pay the fee in installments and that your income is below 150% of the poverty line. This information would be included when you file Form 3B, the Application for Waiver of Chapter 7 Filing Fee.

You may be required to appear in court so that the judge can ask you questions.

Additional Costs for Mandatory Counseling Courses

Prior to filing for Chapter 7 or Chapter 13 bankruptcy, you will be required to participate in a credit counseling course from a court-approved provider. This course typically costs about $20 to $50, but you can request a fee waiver if you cannot afford to pay. Prior to getting your debts discharged, you must also complete a financial management or debtor education course, which usually costs about $50.

How Much Will It Cost to Hire Leonard V. Sominsky, ESQ., PC?

When you hire a Phoenix bankruptcy lawyer from Leonard V. Sominsky, ESQ., PC, we won’t expect you to pay for our services at once. The initial payment is $200, but beyond this, you can make payments over time. You can pay $50 here and there, or whatever you can afford, and we won’t charge interest. Once you have paid the minimum $200, we can provide some protection from collection activities.

We have been helping clients become debt-free since 2000, giving us more than a decade of experience in the field. You can trust that your future will be in capable hands when you turn to our firm for help, so don’t wait to schedule your free, no-obligation consultation today. We are ready to get you started on the road to financial freedom. Contact Leonard V. Sominsky, ESQ., PC today to learn more!

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