How much does bankruptcy cost?

Filing for bankruptcy can vary in cost, based on several contributing factors. These include the type of bankruptcy you are filing, whether chapter 7 or chapter 13, as well as the amount of debt you have. Every person has individual circumstances, and no two cases are exactly alike. You should get your unique situation evaluated by a lawyer from Price Law Group to determine the actual cost of filing for bankruptcy. It is most often far less than expected. The firm can advise you of the costs and payment arrangements that could make the process easier to manage financially.

Filing for Chapter 7 or Chapter 13

The fees for filing for bankruptcy were increased in 2005 when the federal law was amended, and the fees for filing are $299 in chapter 7, and $274 to file for chapter 13. These are just the costs of the filing that are required by the federal government. When you consider the amount of your debt that will be discharged in filing for bankruptcy, the costs are quite minimal and the benefits of filing are significant.

If you are considering filing for bankruptcy or want to determine if there are alternatives that could better serve you, an attorney from the firm can quickly evaluate your personal financial situation and help you find the best possible resolution in your case. Some individuals that the firm has assisted could resolve their issues through an alternative such as debt consolidation, debt settlement or debt negotiation. The firm has a wide range of services to assist and can help you to determine how to bring the stress of overwhelming debt to an end. With over 100,000 people already served by the firm, they are well qualified to assist you.