Bankruptcy RecordsBankruptcy Records – overview to bankruptcy law for all 50 states
Quick Guide to Fees and Costs Associated With Filing Bankruptcy
Chapter 7 Fees
Chapter 7s typically take about three months from start to finish. Your lawyer would normally charge from $800.00 to $2000.00, depending on several factors such as how many people are filing, how much debt you have and what types of debt you have.
Chapter 13 Fees
Chapter 13s typically run from three to five YEARS, so the fee is higher. Each jurisdiction has certain guidelines for fees, for example, in Chicago, the fee is allowed to be $3500.00. In Ohio, the fee can be $3000.00. These fees are for the entire life of the Plan, and typically are paid in a portion up front and the rest in the Chapter 13 re-paymant Plan.
Court fees
The Clerk of Courts charges fees for processing your case, called filing Fees. For Chapter 7, the filing fee is $306.00. For Chapter 13, the filing fee is $281.00. Keep in mind, the CLERK charges over $300.00 for processing the paperwork your lawyer drafted. Now, if the CLERK charges this much just to PROCESS your paperwork, how in the World could a GOOD attorney charge you only $450.00 $600.00?? Dont go with a cut-rate bankruptcy lawyer, unless you want a cut-rate bankruptcy. The bankruptcy affects all future credit youll ever get, so make sure to hire a lawyer that knows bankruptcy law!
Dean D. Paolucci, Attorney at Law Paolucci Law 800.825.7010 Servicing Northern Ohio and Northern Illinois
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