How Much Does It Cost To File Personal Bankruptcy ?
Filing for bankruptcy is a long drawn and tedious process that involves a lot of paper work. However, if you have to file for bankruptcy and do not have any other go, then you have to do it no matter what. However, a lot of the cost factor depends on the method of bankruptcy you are going to use. The first method is doing it yourself and the second method is to file through a lawyer. |
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In the first method, where you are going to do everything yourself, it takes a lot of effort and time. You should be exceptionally good with paperwork. There are a lot of things that you need to check and recheck before you submit your final application. There will be several forms to be filled accurately. If the court has some missing information, then either the bankruptcy filing will get delayed or you might get rejected completely. The danger of rejection is always there even for the slightest mistake. However, in this method you can expect top pay $200 to $350 totally for filing the paper, processing charges and court fees.
In the second method, where you have to go to a lawyer for filing bankruptcy, it is the easiest. All you have to do is go for counseling and submit the relevant information to the lawyer. The lawyers are ever good at this kind of paperwork and they give you 100 percent guarantee on processing the papers. However, the ultimate decision lies in the hands of the ruling judge. Also, the lawyer will know all the knick knacks of the trade so that his or her case is successful. It gives you a lot of peace of mind when you do it through a lawyer and it could cost you for that. The minimum amount you can expect to pay is $1400 to $2000 depending on the amount of paperwork to be done.
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