How much does it cost to file for Chapter 7 Bankruptcy?

In Virginia, the cost to file for Chapter 7 Bankruptcy varies depending on several factors. The filing fee set by the U.S. Bankruptcy Court for Eastern District of Virginia is $338. Additional fees may be required depending on the circumstances of the case, and may range from $35-$75 for credit counseling and personal financial management courses. Additionally, debtors may incur costs to cover the fees associated with obtaining credit reports, hiring a bankruptcy attorney to complete the filing process, as well as paying the trustee handling their case. If a debtor can not afford to pay the filing fee, they may request a fee waiver or installment plan to pay the filing fee over time. In order to be approved for a fee waiver, the debtor must demonstrate that they are unable to pay the fee due to a lack of sufficient income or assets. The court will either grant or deny the fee waiver request. If approved, the debtor must file a separate fee waiver request for each chapter of bankruptcy they wish to file. In conclusion, the cost to file for Chapter 7 Bankruptcy in Virginia varies from $338-$500. Additionally, the debtor may incur additional costs associated with obtaining credit reports, attorney fees, and the trustee fee. If the debtor is unable to pay the filing fee, they may request a fee waiver or installment plan to pay the fee over time.

Related FAQs

How do I know if I can file for Chapter 7 Bankruptcy?
Are unsecured debts discharged in Chapter 7 Bankruptcy?
How long does the bankruptcy stay on my credit report?
How does filing for Chapter 7 Bankruptcy affect my taxes?
What is the difference between liquidation and reorganization in Chapter 7 Bankruptcy?
What is a reaffirmation agreement?
How does the trustee handle my debts in a Chapter 7 Bankruptcy?
Are state and federal tax obligations dischargeable in Chapter 7 Bankruptcy?
How long does the bankruptcy stay on my credit report?
What happens to any debts that are not discharged in Chapter 7 Bankruptcy?

How much does it cost to file for Chapter 7 Bankruptcy?

Related FAQs

Related Blog Posts