The Costs of Filing for Bankruptcy

You file bankruptcy because you are having financial difficulty. There are two bankruptcy options, they are chapter 7 and chapter 13 bankruptcy. The one you qualify for depends on several factors such as the amount of debt, your income, and the type of debt you have. One thing that most people do not think about when it comes to bankruptcy is the cost of filing for it.

The two main costs associated with filing for bankruptcy are the filing fee and your attorney fees. According to Forbes, the average minimum for filing for bankruptcy is $338 for chapter 7 and $313 for chapter 13. The attorney fees will depend on what type of bankruptcy you are filing, the amount of work your attorney must do, the city in which you live, and how many creditors you owe.

Contact Our Bankruptcy Attorney Today!

Elmylaw P.C. is a bankruptcy attorney serving the Mt. Pleasant, MI area. We are here to assist you with filing for bankruptcy. It does not matter if you are filing for chapter 7 or chapter 13 bankruptcy, we can help. There are costs associated with filing for bankruptcy. They include the filing fee and attorney fees. Contact us today to learn more about our bankruptcy assistance services!