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

Yes, there is a cost associated with filing for Chapter 7 Bankruptcy in Virginia. The filing fee for a Chapter 7 Bankruptcy Petition is $335 and must be paid in full before filing can occur. In addition to the filing fee, there are also mandatory credit counseling fees, which can range from $10-$50 depending on the counseling service one uses. There may also be other fees associated with the filing, such as attorney fees and costs associated with the documents that must be filed with the court. Although these fees can be expensive, the court may waive them in certain cases if the debtor can show they are unable to pay. In addition, most bankruptcy attorneys offer free initial consultations and will allow debtors to make payment arrangements for the fees associated with filing for bankruptcy. Although filing for Chapter 7 Bankruptcy can be costly, it can also provide a fresh start to those who are struggling to pay back their debts.

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