How much does it cost to file for Chapter 11 bankruptcy?

In Florida, the cost of filing for Chapter 11 bankruptcy varies depending on the complexity of the case. Generally, an attorney’s fee will be charged which can cost anywhere from $2,500 to $25,000. Additionally, the filing fee for a Chapter 11 bankruptcy case in Florida is $1717. That fee may be waived if the filer is unable to pay the fee. In addition, if you file for Chapter 11 bankruptcy, you will be required to pay any debts you owe, such as taxes or creditors. You will also be required to submit a repayment plan to the court that outlines how you will repay your creditors. The repayment plan must be approved by the court in order for your case to proceed. You may also be required to attend credit counseling before you can file for Chapter 11 bankruptcy. Credit counseling is a class that is designed to help you better manage and understand your finances. The fees for these classes vary, but typically range from $50 - $100. Overall, the cost of filing for Chapter 11 bankruptcy in Florida can range from around $3000 to $25,000 depending on the complexity of the case, the attorney fees, and the credit counseling fees.

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