It may seem somewhat ironic to anyone considering filing for bankruptcy that he or she is expected to pay exorbitant fees to file. Fortunately, filing costs are relatively minimal. For a Chapter 7 filing, which is generally for individuals with an income below the median for their state or who meet a somewhat complicated “means test,” the basic filing fee is $245. For a Chapter 13 filing, which is for those with more substantial income and/or who may be allowed to keep assets such as a house and extend the time they have to repay creditors (usually to a period of 3-5 years), the basic filing fee is $235.
At Keith, Winters & Wenning, we understand that those people who are filing for bankruptcy are often not in a position to pay extensive legal fees, especially not “up front.” So we are patient and structure a fee schedule that makes sense and is doable in each case.
HINT: In a Chapter 7 case, legal fees must be paid prior to filing, but in a Chapter 13 case legal fees can be spread out over 5 years!