Chapter 7 and chapter 13 bankruptcy filing cost is now an ever increasing number. Filing bankruptcy in the twenty first century in nothing like it used to be. When I started out, the only cost associated with a chapter 7 case was a $149.00 filing fee. Oh, for the good old days! In the name of reforming the bankruptcy laws and protecting you the debtor from that devilish bankruptcy attorney, starting in 2005 the filing fee began to climb. Until May 31, 2014, the filing fee for a chapter 7 case was $306.00. It now stands at $335.00. It is possible to pay the filing fee over time, but I consider that a recipe for disaster. You are here because you are missing payments. Miss that one and the court will schedule a hearing on the matter. Keep defaulting and your bankruptcy case will be dismissed.
Let’s not stop at the filing fee though. In an effort to teach you the error of your ways, again in the name of bankruptcy reform to protect you, the consumer, there are two credit counseling classes you are required to complete. Fortunately both are offered online. I use Pioneer. They are very reasonably priced. Reasonable, that is, for something that was never before needed. This adds $21.00 to the till.
Think we are done? Not quite yet. Bankruptcy reform is all about verification of everything in your petition. That includes being sure that you list all your creditors. That means I need your credit report. Not just any credit report, mind you, the free one doesn’t cut it. I need to obtain one with accurate balances and real addresses and real account numbers. The free one has that stuff jumbled up for your protection. This report costs $33 for a single report and $53 for a joint report if you are filing with your spouse.
Total bankruptcy filing cost for chapter 7 cases? $389.00 to $409.00
There is a silver lining if you want or need to file Chapter 13. The court filing fee is just a bit less. That will set you back $310.00. The fact that a chapter 13 has lower filing fees has always baffled me. A chapter 13 case is simply a ton more work that a chapter 7 case. There can be many more court hearings. In a normal chapter 7 case there are exactly none. The other filing costs are the same.
Total bankruptcy filing cost for a chapter 13 case? $364.00 to $384.00
This is the actual bankruptcy filing cost in either chapter 7 or 13. They do not include the attorney fees. Many lawyers will only quote you a fee. They want to sound cheap and competitive. Somehow that makes them more deserving of your business. What better way to get you to trust and hire them than to be deceptive when you call? Isn’t this information you should have? Now you do.