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How Much Does Bankruptcy Cost?
There are three main chapters of bankruptcy for individuals, and all three have different bankruptcy costs and fees. Your total bankruptcy cost includes both court filing fees, which are an administrative requirement, and legal fees, which are paid to your attorney. If you’re having difficulty making ends meet, it’s natural to wonder: Just how much does bankruptcy cost?
Chapter 7 Bankruptcy Cost
The court’s administrative filing fee for a Chapter 7 bankruptcy is $335. Chapter 7 is sometimes called “straight bankruptcy,” and it is typically the quickest and easiest of the bankruptcy chapters. Legal fees for a Chapter 7 range between $1000 – $4000, depending upon the complexity of your case. Read more about case complexity below.
Chapter 13 Bankruptcy Cost
The court’s administrative filing fee for a Chapter 13 bankruptcy is $310. Legal fees for a Chapter 13 range between $1,500 – $5,000. Chapter 13 is much more complex than Chapter 7 and is often used to make up mortgage payments or protect unexempt property from liquidation. Chapter 13 provides relief for individuals who are under unrelenting pressure from creditors. Chapter 13 also heals your credit more quickly than Chapter 7.
Chapter 11 Bankruptcy Cost
If you file an individual Chapter 11, your case is complex. The court’s administrative filing fee for a Chapter 11 bankruptcy is $1,717, and legal fees start at $10,000, however that is the minimum fee. Chapter 11 bankruptcy for individuals can solve complex problems that Chapter 13 cannot address. Individual Chapter 11 cases are often complicated and can be expensive to administer.
Bankruptcy Cost and Case Complexity
Lee Legal provides excellent consumer bankruptcy services at very reasonable prices. Every client receives a free consultation. Our fees are very competitive, and we offer easy monthly installment plans.
The complexity of your case determines your legal fees. Lawsuits, foreclosures, emergency filings, lien strips, repossessions, evictions, garnishments, and other complications will ordinarily add to your total bankruptcy cost.
Your bankruptcy attorney must be paid in full, including the filing fee, to file your case. Attorneys fees not collected prior to the filing of your case will be discharged and are barred from collection. Unfortunately, bankruptcy lawyers must be paid in full prior to the filing of your case.
Contact Lee Legal with Any Questions
Lee Legal is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. If you want to learn whether you are a candidate for bankruptcy and how much your total bankruptcy cost will be, call to schedule a free consultation.
They Called. They're Glad They Did.
Brian Lee from Lee Legal was an amazing attorney to work with. He took his time, reviewed my documents and we discussed my situation thoroughly. He explained the process and my options as well as gave his recommendation. Not only did he assist, but he ensured that I knew this...
I was very nervous and scared about going through this process. But Brian was very knowledgeable and helped me through it. I was notified about any and all updates to my case and he was very responsive when I had questions regarding any concerns I had. Although a bit nerve...
Brian provided me with a very detailed analysis about my potential case after our first consultation. He promptly responded to all my complex questions, especially navigating student loans and some tax discussions. He is very professional and experienced at what he does, I would...
I've had the pleasure of working alongside Brian V. Lee for several years, and I can say without hesitation that he is one of the most knowledgeable bankruptcy attorneys in the DMV area. Brian's command of Chapter 7, 11, and 13 practice is exceptional, and his clients in the DC...
Brian has the amazing talent of taking complicated legal matters and distilling them down to seamless, frictionless resolutions. He is a phenomenal problem solver and a trusted advisor.
Brian is both warm and professional. He helped me navigate a financial issue that I had not been looking forward to working on and he made the entire experience non-stressful, receiving a lot of anxiety I had around the matter. He is straight forward and a fantastic problem...
I had the opportunity to work with Brian at a time when I was challenged by a professional setback and forced with the challenge of making some very difficult legal decisions. Additionally, I worked with him again as I was dealing with some financial issues pertaining to my...
Still several years from Public Service Student Loan Forgiveness and saddled with significant student loan payments in proportion to my income, I came to Lee Legal to explore the bankruptcy path. Through his counsel, Brian took the fear out of the process and helped me to...
