How much does Chapter 13 Bankruptcy cost?

Chapter 13 Bankruptcy in California can be costly. The costs are based on how much debt you have and how complicated your bankruptcy case is. In California, filing for Chapter 13 bankruptcy requires a filing fee of $310 along with other administrative costs, such as document preparation and mailing costs, which can range from $100-$500. In addition to these upfront costs, you’ll also have to make monthly payments to the Chapter 13 trustee and your creditors. How much you have to pay depends on how much debt you owe and your regular monthly income. Your repayment plan must cover all of your debts, including secured and unsecured debts, back taxes, and your attorney’s fees. Your monthly payments will be based on a repayment plan that lasts anywhere from three to five years. In addition to your monthly payments, you’ll owe a fee to the trustee for overseeing your bankruptcy and collecting payments from you. This fee is usually 10% of your repayment plan and is usually taken out of your monthly payments. Overall, the costs of filing for Chapter 13 Bankruptcy can add up quickly and can be a financial strain. It’s important to carefully consider all of your options before filing for bankruptcy. An experienced bankruptcy attorney can help you better understand the costs involved and create a repayment plan that works for you.

Related FAQs

How much does Chapter 13 Bankruptcy cost?

Related FAQs

Related Blog Posts