How much does it cost to file for bankruptcy?

The cost of filing for bankruptcy depends on the type of bankruptcy you are filing for. In Virginia, the fee for filing for Chapter 7 bankruptcy is $335. This fee must be paid when the petition is filed with the clerk of the bankruptcy court. Additionally, the debtor must also pay $15 to the U.S. Trustee Program for administrative costs. For Chapter 13 bankruptcy, the filing fee is slightly higher at $310. This fee must be paid when the bankruptcy petition is filed with the court. Additionally, the debtor must also pay a $25 administrative fee to the U.S. Trustee Program. Finally, if you are filing for Chapter 11 bankruptcy, then you must pay a filing fee of $1,717. However, if you are filing a reorganization plan with the court, then you must also pay a fee of $550. These fees are paid to the bankruptcy court and are not refundable, even if your case is dismissed. Additionally, other fees may be required, such as those associated with credit counseling or attorney fees. It is important to speak to a qualified bankruptcy attorney or a bankruptcy trustee if you plan on filing for bankruptcy, to understand all the costs associated with the process.

Related FAQs

What is the meaning of a bankruptcy discharge?
Are there any types of debt that will survive a bankruptcy discharge?
How do I fill out the bankruptcy forms?
How long does it take to file for bankruptcy?
What are the consequences of filing for bankruptcy?
Will bankruptcy stop wage garnishment?
Will filing for bankruptcy stop a lawsuit?
What is the process for filing for bankruptcy?
Do I need to list all of my debts when filing for bankruptcy?
What is the difference between secured and unsecured debt?

How much does it cost to file for bankruptcy?

Related FAQs

Related Blog Posts