Typical Costs for a Simple Bankruptcy Case
TAKE A LOOK AT THE COSTS INVOLVED. REMEMBER THAT YOU WILL BE RELIEVING YOURSELF OF A LOAD OF DEBT IF THE CASE IS PROPERLY DONE. IN ADDITION, ONE MISTAKE IN THE TIMING USED TO FILE YOUR CASE, IN THE WAY YOUR NON-EXEMPT PROPERTY IS DEALT WITH, OR IN THE OPTIONS YOU SELECT COULD COST YOU FAR MORE THAN THE ATTORNEY FEES INVOLVED.
SIMPLE CHAPTER 7 CASE
| FILING FEE | CLASS FEES | ATTORNEY FEES | NOTES | |
| DO IT YOURSELF | $306.00 | $45 – $75 | ||
| PETITION PREPARER | $306.00 | $45 – $75 | ||
| CUT RATE ATTORNEY | $306.00 | $45 – $75 | ||
| FULL SERVICE ATTORNEY | $306.00 | $45 – $75 |
NOTES:
*1 You take all the risk of doing something wrong and
must know all of the requirements and court rules.
If you mess up and have to refile, you’ll have
two bankruptcy cases on your credit record.
*2 The Petition Preparer is not an attorney and may
try to convince you that he keeps up with the rules
but legally all he can do is type the information you give him
onto the papers. He cannot give you legal advice
and will not be liable if you take his advice.
*3 Hope your “cut rate” attorney knows what he is
doing and has the time to personally care. He may have
a slew of clients and do as little as he can on each. Finally,
be sure to read your fee contract and make sure that
there aren’t little items that you have to pay extra for
or you may pay a “full service” price for a “cut rate” attorney
*4 This attorney will give the proper time to your case,
is responsible for doing things right, and has a
desire to maintain his reputation with the Court.
