How much does bankruptcy cost?
In this benefaction day universe where a monetary hold up of a center category American run as good most upon credit, a failure price will be most some-more than it is visible. It is not only about a filing failure price as good as a fees we need to compensate to your failure attorney, though it some-more about a prolonged tenure serious disastrous impacts of failure upon your monetary life. Before we go forward as good as record for failure in an try to get absolved of a debts which we owe to a assorted creditors, it is critical for we to assimilate which a failure will begin your monetary hold up for during slightest subsequent 7 to 10 years. If we have been ready for that, we can positively go forward as good as record for bankruptcy. Let us begin with filing failure cost.
A typical Chapter 7 case can run in the area of $950.00 to $1,200.00 plus the filing fee for a personal bankruptcy depending on the complexity of the case. If a business is involved, the fee may be higher. Thats the bad news. The good news is you do not need all of the monies up front. Typically we require a retainer fee and we will then place you on a convenient monthly payment plan based on your individual needs. A Chapter 13 case currently costs $3,500.00 plus the filing fee. A Chapter 13 case involves more court appearances as they require a three to five yr. period of time for completion of the plan. Usually a $1000.00 retainer fee is required with the balance of fees and costs paid through the Chapter 13 plan.
The cost of bankruptcy will depend on the type of bankruptcy required to address your financial situation and the complications of your case. In addition, fees vary among lawyers, based on their experience and what is included in the fee. So make sure you are comparing apples to apples if you plan on shopping around. It is only natural to want to get the best price . . . but remember quality and service are extremely important when it comes to legal services. After all, your financial well-being affects all aspects of your life. In our practice, an attorney with substantial experience and competence will handle your bankruptcy. Every client is interviewed personally by the attorney handling his or her file and contact with that attorney is maintained throughout the process. This is not always done in the discount bankruptcy mills. We take personal responsibility for you and represent you with the quality, dedication, commitment and respect that you deserve. To discuss fees that would a
Trustee fees, filing fees, and counselling fees are regulated by the government. The Trustee is usually paid out of the funds from the liquidation of your assets. If you have no assets available, the Trustee will require a retainer or require that you over time, pay the Trustee’s fees and disbursements. In the simplest cases, this amounts to about $1,420 plus counselling costs and GST. Sands & Associates offers payment plans that allows you to make payments over a period of time.
