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Notebook with money symbol - Naples personal bankruptcy

If you’re filing bankruptcy, chances are you’re looking to save money, not spend it. However, filing bankruptcy costs money-filing fees, court fees, and if you hire an attorney in Ft. Myers to assist you with your case, attorney fees. So how much does it cost to file for bankruptcy? Well, that depends…

Bankruptcy Filing Fees

In 2018, if you file for Chapter 7 bankruptcy (the most common form of bankruptcy for individuals) you will pay $335 to declare bankruptcy, Chapter 13 bankruptcy will cost you $310. If you wish to convert your Chapter 7 to a Chapter 11 bankruptcy, there is a $922 conversion fee. There are many variants that determine the filing fees for bankruptcy, you can find a comprehensive list of bankruptcy fees, here.

These fees are immediately due when you file for bankruptcy, although you may have the option to pay in installments or waive the fee entirely. In order to have the cost of filing waived you have to show proof that your income is less than 150% of the poverty line and that you couldn’t pay the fee back even in installments.

Beware any attorney or individual who tries to tell you they can help you file for less, it’s more than likely a scam.

Attorney Fees

Unless you are adept in the inner workings of bankruptcy law, you will need to hire a bankruptcy attorney in Ft. Myers once you have filed. Depending on the firm you decide to work with, will determine your end price. Generally speaking, if you filed a Chapter 7 you should be prepared to spend anywhere from $1,000 – $3,500. Chapter 13 bankruptcy cases tend to cost more, starting at $2,500 – $6,000. While this can seem like a step backward for some, don’t let it disway you from working with a Ft. Myers attorney. When your debt has reached a point where you need to file bankruptcy you can afford an attorney who is proficient in bankruptcy laws to make sure you are granted the best possible outcome.

Credit Counseling Fees

A fee that many people aren’t aware of or forget about is the fee for the credit counseling course be required by the court. On top of this course you will most likely be required to take a financial management course. The cost for credit counseling is usually less than $100 and your attorney can help you find inexpensive options.

Contact a Ft. Myers bankruptcy attorney today for a free consultation.