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.

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How much does it cost to file for bankruptcy?

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