How Much Would It Cost to File Bankruptcy

How Much Would It Cost to File Bankruptcy?

Bankruptcy is a legal process that allows individuals or businesses to eliminate or repay their debts under the protection of the court. While bankruptcy can provide a fresh start for those overwhelmed by debt, the process itself can be complex and costly. In this article, we will delve into the various costs associated with filing bankruptcy and provide answers to some frequently asked questions.

1. Attorney Fees
One of the significant costs of filing bankruptcy is hiring an attorney. While it is possible to file bankruptcy without legal representation, it is highly recommended to have an experienced bankruptcy attorney guide you through the process. Attorney fees can vary significantly depending on factors such as location, complexity of the case, and the attorney’s experience. On average, attorney fees for a Chapter 7 bankruptcy range from $1,000 to $3,500, while Chapter 13 bankruptcy may cost between $3,000 and $6,000.

2. Filing Fees
In addition to attorney fees, there are filing fees that must be paid to the court. These fees are set by the Judicial Conference of the United States and are the same nationwide. As of 2021, the filing fee for Chapter 7 bankruptcy is $335, while Chapter 13 bankruptcy requires a filing fee of $310. These fees are subject to change, so it’s essential to verify the current amounts before filing.

3. Credit Counseling and Debtor Education Courses
Before filing bankruptcy, individuals are required to complete credit counseling and debtor education courses. These courses aim to provide financial education and help individuals explore alternatives to bankruptcy. The costs for these courses vary but typically range from $20 to $100 for each course. Some nonprofit organizations offer these courses for free or at reduced rates based on income.

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4. Additional Costs
There are several other potential costs associated with filing bankruptcy that may vary depending on your specific circumstances. These include:

– Bankruptcy Trustee Fees: In Chapter 7 bankruptcy, a trustee is appointed to oversee the case. The trustee’s fees are paid from the assets of the bankruptcy estate. In Chapter 13 bankruptcy, a portion of the monthly repayment plan goes towards trustee fees.

– Credit Report Fees: Obtaining a credit report is essential when filing bankruptcy to ensure all debts are included. The cost of obtaining a credit report can range from $10 to $50, depending on the provider.

– Reaffirmation Agreement Fees: If you wish to keep certain secured debts, such as a car loan or mortgage, you may need to enter into a reaffirmation agreement. There may be fees associated with drafting and filing these agreements.


1. Can I file bankruptcy if I can’t afford the fees?
If you are unable to afford the fees associated with filing bankruptcy, you may qualify for a waiver of the filing fee by demonstrating financial hardship. Additionally, some attorneys offer payment plans to help make their services more affordable.

2. Can I include attorney fees in my bankruptcy?
Yes, attorney fees can be included in your bankruptcy filing. However, it is essential to discuss this with your attorney to ensure it complies with bankruptcy laws and regulations.

3. Will bankruptcy eliminate all my debts?
Bankruptcy can eliminate many types of debts, including credit card debt, medical bills, and personal loans. However, certain debts, such as child support, alimony, and some tax obligations, are generally not dischargeable in bankruptcy.

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4. Can I file bankruptcy multiple times?
While there are no limits on the number of times you can file bankruptcy, there are limitations on how often you can receive a discharge. For example, if you previously received a Chapter 7 discharge, you must wait eight years before filing another Chapter 7 case.

In conclusion, the cost of filing bankruptcy can vary depending on several factors, including attorney fees, filing fees, and additional costs. It is crucial to consult with a bankruptcy attorney to understand the specific costs associated with your case. While filing bankruptcy may involve upfront expenses, it can provide a path to financial relief and a fresh start for those overwhelmed by debt.