How much does it cost to file for bankruptcy?

In South Carolina, the filing fee for a typical bankruptcy case is typically $335 for Chapter 7 and $310 for Chapter 13. However, this fee may be waived in certain circumstances or if the filer does not have sufficient funds to pay it. In addition to the filing fee, certain administrative services may be required that could increase the total cost of filing for bankruptcy. These services can include the preparation of the bankruptcy petition, obtaining the necessary credit counseling, and other services related to the processing of the bankruptcy case. The costs associated with a bankruptcy filing can also vary depending on the complexity of the case, the attorney’s fees, and other factors. Attorney’s fees may range from hundreds to thousands of dollars, depending on the complexity of the case, and many attorneys may require a retainer fee and hourly rate for their services. Other costs related to the bankruptcy filing may include court costs, credit counseling and other services related to the bankruptcy case. Finally, it is important to understand that filing for bankruptcy does not necessarily eliminate all of the debt that is owed. Depending on the type of debts and available assets, some debt may need to be paid back through a payment plan or not at all. It is important to contact an experienced bankruptcy attorney to discuss the cost of filing for bankruptcy and the related process.

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