Attorneys’ Fees and Costs depend on the type of bankruptcy and its complexity.
The Cost of Chapter 13 Bankruptcy
For most Chapter 13 cases, we typically charge $1,500 plus court costs to file your case. This amount itself can be paid on a payment plan. Through the course of your case–which is a partial repayment of debt that lasts between 3 – 5 years, we get additional fees that come from your payment. These additional fees from your court payment, and they come from money that you would pay anyway to the court and your creditors. In other words, our fees during the case reduce your creditors’ share of money because your payment is based on your income and assets.
The court filing fee for a Chapter 13 Bankruptcy is now $310.
The Cost of Chapter 7 Bankruptcy
Fees vary for Chapter 7 bankruptcy cases from very low to high. This is because there is a wide range of different Chapter 7 cases. However, if you are a “simple” case–one that involves relatively low debt, no complicated income or asset situations, you will usually pay a low fee with us. However, we will need to hear from you before giving you a quote on your case.
The court filing fee for a Chapter 7 Bankruptcy is now $335.
You can pay our fees over time. Ask us about our no-interest payment plans. Payment plans allow you to take the heat off and get some breathing room<.
Once you become a client and are on a payment plan with us, we give you a special number to give out to your creditors that will take the heat off, even before your case is filed. This allows you to get a little peace of mind while going through the pre-filing bankruptcy process. Payment plans are optional, but some people benefit a lot from them.
Business Bankruptcy Fees
As you might imagine, the fees for business bankruptcies are higher than for consumer bankruptcy, but these fees are often paid out of business assets that would otherwise go to creditors. Clients are usually billed in business cases on an hourly basis, but we will also often enter into flat fee arrangements in appropriate cases. For a simple business case, our fees are often not much more than in a consumer case. Give us a call and we’ll discuss it with you.
You can give us a call at 617-338-9400 or submit this form if you want to get a free consultation and fee quote for your case.