How much does chapter 7 bankruptcy cost? 14 Answers as of April 13, 2011

How much does chapter 7 bankruptcy cost?

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The Law Office of Mark J. Markus
The Law Office of Mark J. Markus | Mark Markus
The filing fee is presently $299. Attorneys fees vary depending on your location, the quality of the attorney and other factors. There is a huge range in fees, just as there is a difference in the price of a Taco at Taco Bell vs. getting a Taco at an upscale Mexican restaurant. The old adage you get what you pay for is usually true with regards to attorneys fees. I've seen the range anywhere from around $1,200 to over $4,000 (any less than $1,200 and I would have to seriously question whether it was really an attorney that is representing you). That having been said, most attorneys offer free initial consultations, so you can always get a fee quote by having a consultation.
Answer Applies to: California
Replied: 4/13/2011
Indianapolis Bankruptcy Law Office of Eric C. Lewis
Indianapolis Bankruptcy Law Office of Eric C. Lewis | Eric Lewis
The cost of Chapter 7 bankruptcy, in terms of the attorney fees and the credit counseling fee, varies widely across the country depending on your particular market. A straightforward, no-asset Chapter 7 for an individual could range from hundreds to several thousands of dollars depending on how much work your case requires and what the typical market costs are in your area. No matter where you live, the federal cost of filing the case is the same at $299.
Answer Applies to: Indiana
Replied: 4/13/2011
Gus Johnson Attorney at Law
Gus Johnson Attorney at Law | Gus Johnson
It depends on your locality. You should be able to get a quote by calling attorneys in your locality. All cases require a filing fee of $299.00.
Answer Applies to: South Dakota
Replied: 4/13/2011
Gresham Family & Bankruptcy Law
Gresham Family & Bankruptcy Law | Lillian Suelzle Watson
The court has a filing fee of $299.00.

You are required to take two classes to file and to be discharged. The cost varies, but ranges from $40.00 to $60.00 per class.

My office also orders a credit report to ensure we list all of your debts. There is a fee for this. Above the costs, you attorney will charge based on their time and the complexity of your case. Not all cases are the same. Attorney's fees set by the specific the attorney and are in addition to the fees above. Although attorney's fees are often billed by the hour, in a consumer Chapter 7 the attorney will often quote a "flat fee".

This does not mean that the attorney does not spend a considerable amount of time preparing your case, but the attorney will make an estimate concerning how much time your case will take. My office will still track the time we spend on your case.

My office changes fees in a range from $900 to $1200 for a relatively straight forward Chapter 7. If it is very complex, it could be more. When you meet with your attorney, your fees will be explained. The initial meeting with your attorney is usually free or at a very modest cost. When you discuss bankruptcy with an attorney, he or she will need to know how much you earned last year and your present income, a list of your debts and if they are secured and a list of your property; i.e. cars, boats, homes and other items that have value.

It is important to work with an attorney who can explain the steps and can help you make decisions regarding when and if you need to file bankruptcy. Each case is unique which is why your attorney's fees may differ from someone else's case. Good luck.
Answer Applies to: Oregon
Replied: 4/13/2011
Janet A. Lawson Bankruptcy Attorney
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
Every bankruptcy lawyer has their own fees, and not all cases are the same. Our Chapter 7 fee is (with no complications) is $900.00 plus the $299.00 filing fee. There is a discount under certain circumstances.
Answer Applies to: California
Replied: 4/12/2011
    Mercado & Hartung, PLLC
    Mercado & Hartung, PLLC | Christopher J. Mercado
    Fees vary from State to State.
    Answer Applies to: Washington
    Replied: 4/12/2011
    Benson Law Firm
    Benson Law Firm | David Benson
    The answer to your question depends largely on the complexity of your case, your particular locale, the amount of experience of the practitioner, the volume of cases undertaken by the firm, the structuring of fees (hourly versus flat fee), and whether you are bundling services.

    I have see attorneys charge anywhere between $395 plus the filing fee and thousands of dollars for a business owner with complex supplier arrangements. In the grand scheme of things, bankruptcy is a relatively inexpensive legal cost. So the most important thing is finding a lawyer with whom you are comfortable and who concentrates the majority of his or her practice on bankruptcy and debt relief. Saving a couple of hundred dollars in fees could result in the loss of thousands of dollars in assets, if the attorney you pick is inexperienced or not qualified to practice in this area.
    Answer Applies to: Ohio
    Replied: 4/12/2011
    Law Office of Asaph Abrams
    Law Office of Asaph Abrams | Asaph Abrams
    In the Southern District of California, the court filing fee is $299. Attorney fees vary. A personable, small office may offer lower rates than a mill-type (think Pink Floyd's The Wall, but without the cool music) set-up with large overhead.
    Answer Applies to: California
    Replied: 4/12/2011
    California's Largest Family of Attorneys
    California's Largest Family of Attorneys | Doan Law Firm
    This is perhaps the most commonly asked question in Bankruptcy law. The honest answer is, it depends. It depends on the amount and type of debt as well as the number of debtors owed. It also depends on whether or not the individual is self employed. The best way to get an accurate cost is to discuss your situation with a law firm. Doan Law Firm provides free initial consultations. In the short time it takes to review your financial picture, we qualify all of your potential options and provide the relative cost.
    Answer Applies to: California
    Replied: 4/12/2011
    Law Office of L. Paul Zahn
    Law Office of L. Paul Zahn | Paul Zahn
    The court charges $299.00 for the filing fee. Individual rates vary among attorneys for their services. If you are looking for an attorney and are in my area, please contact me for a free consultation.
    Answer Applies to: California
    Replied: 4/12/2011
    Bankruptcy Law Center
    Bankruptcy Law Center | Bill Zurinskas
    Applies to Bankruptcy Longmont, Colorado: The average cost of a chapter 7 Bankruptcy attorney is approx. $1500 ($1200 attorney fee, plus $299 filing fee). In easier cases, attorney fees may be reduced to around $800 and in more complex cases, such as business related cases or cases with means test problems, attorney fees can start around $2000.
    Answer Applies to: Colorado
    Replied: 4/12/2011
    Ferguson & Ferguson
    Ferguson & Ferguson | Randy W. Ferguson
    It varies with each attorney. Our fee is $1,541.00 for one or $1,550.00 for two. That includes costs and credit counseling fee that is required.
    Answer Applies to: Alabama
    Replied: 4/12/2011
    Carballo Law Offices
    Carballo Law Offices | Tony E. Carballo
    Like any legal case, it depends on your own case. It depends on the type of debts you have, whether or not you are self employed or have a business, whether or not you have real property, your income, car and other secured debt, etc. Usually attorneys' fees start at $1,000. There is a $299 court filing fee and most attorneys will get a credit report that will cost $25 and up.
    Answer Applies to: California
    Replied: 4/12/2011
    Law Office of Eric Ridley
    Law Office of Eric Ridley | Eric Ridley
    Filing fees are currently $299. You also need to complete credit counseling, which is under $50. And, you will need to pay your attorney in advance. Most attorneys will do a Chapter 7 for between $1000 - $2000.
    Answer Applies to: California
    Replied: 4/11/2011
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