How much does it cost to file for bankruptcy?

The cost of filing for bankruptcy can vary depending on where you live in Mississippi. Generally, filing fees for Chapter 7 and Chapter 13 bankruptcies are set by the court and cost an average of $335-$345. Attorney’s fees will also be a factor. Depending on the complexity of your situation, it can range from a few hundred to several thousand dollars. If you are considering filing for bankruptcy, the local court clerk’s office can provide you with information on the cost and how to start the process. You should also speak to an attorney to discuss your situation and the costs involved. Additionally, if you are filing for Chapter 7 bankruptcy, you may need to participate in a credit counseling course. The cost of this course generally ranges from $50-$100. In some cases, such as if you are a low-income individual, you may be eligible for an application fee waiver, which would eliminate the cost of filing. Overall, the cost of filing for bankruptcy can range from just a few hundred dollars to a few thousand dollars depending on the complexity of your case and the services you choose to use. It is recommended to speak to an attorney to get an estimate for the cost of filing in Mississippi.

Related FAQs

What are some of the potential pitfalls to filing for bankruptcy?
What is the difference between a voluntary and involuntary bankruptcy filing?
What kind of debt relief is available to married couples filing for bankruptcy?
What is creditor reaffirmation?
Are there any special provisions for filing for bankruptcy as a single parent?
What is the process for filing for bankruptcy?
Is there anything I can do to rebuild my credit after bankruptcy?
Will bankruptcy discharge the entire amount of debt owed?
How does the bankruptcy court decide which creditors will get paid?
Are there additional filing fees associated with filing for bankruptcy?

Related Blog Posts

What is Bankruptcy Law? - July 31, 2023
What Are the Most Popular Types of Bankruptcy? - August 7, 2023
How to Choose the Right Bankruptcy Attorney for Your Case - August 14, 2023
Understand the Consequences of Not Filing for Bankruptcy - August 21, 2023
How to Avoid Bankruptcy With Financial Self-Management - August 28, 2023