Costs of Filing a Chapter 13 Bankruptcy

In order to file Chapter 13 bankruptcy, you will be responsible for paying some fees and costs. Here are a few things to consider about the costs of filing a Chapter 13 bankruptcy.

Cost of Filing

In order to file Chapter 13 bankruptcy, you are going to have to pay a fee to the local bankruptcy court. Currently (as of May 2010), you will have to pay $274 to start the process of Chapter 13 bankruptcy.

Credit Counseling

One of the requirements that you will have to meet in order to complete the bankruptcy process is attending credit counseling. Credit counseling services are allowed to charge a fee for the services that they provide. If you are unable to pay them, they will have to provide the services at a discount or free of charge. Therefore, the fee that will be charged by these companies can vary greatly from one situation to the next. If you are able to pay, you will have to pay them something.

Legal Fees

Many individuals also choose to hire an attorney in order to help them through the process of filing bankruptcy. This is most likely going to be the most expensive part of the bankruptcy process. The rates for lawyers can vary from $150 to $1000 an hour.

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