Is there a cost associated with filing for Chapter 7 Bankruptcy?

Yes, there is a cost associated with filing for Chapter 7 Bankruptcy in Illinois. The filing fee to open a Chapter 7 bankruptcy case is $335. Additionally, the debtor may be required to pay a fee for the required credit counseling course. The counseling, which is required prior to filing for bankruptcy, can cost up to $50 and can be done online, by phone, or in person. If the debtor decides to use an attorney, then there will also be legal fees which vary depending on the amount of work that is done. The debtor will also owe a fee to the bankruptcy trustee, who is appointed to oversee the bankruptcy process. This fee is based on the amount of assets or property that the debtor owns. Finally, if the debtor has debts that are not discharged by their Chapter 7 bankruptcy filing, they will still need to make payments on those debts. Overall, the cost associated with filing for Chapter 7 bankruptcy in Illinois can vary depending on the particular situation. It is important to speak to an attorney to get a better idea of the costs involved.

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Is there a cost associated with filing for Chapter 7 Bankruptcy?

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