When you file for bankruptcy, you must pay a filing fee. The amount you must pay will depend upon the type of bankruptcy you are filing for. Below are the current fees under each of the six chapters of bankruptcy.
Business or Public Entity Bankruptcy
- Chapter 9: $1,213
- Chapter 11 (non-railroad): $1,213
- Chapter 11 (railroad): $1,046
- Chapter 15: $1,213
You can check whether the fees have changed by going to https://www.uscourts.gov.
Can I Get a Fee Waiver or Pay in Installments?
If you file under chapter 7, you may apply to waive the fee when you file the bankruptcy petition.
You may qualify for a fee waiver if:
- Your income is less than 150 percent of the poverty guidelines determined by the United States Department of Health and Human Services; and
- You are unable to pay the fee in installments.
If you apply for a fee waiver, the bankruptcy court will either grant or deny your request or set the matter for an early hearing. If the request is denied, the court will often give you an installment schedule to pay the balance of the fee. You will be given a short time (generally 10 days) to pay the filing fee or the first installment. If the fees are not paid on time, you may risk having your case dismissed.
Credit Counseling and Financial Management Course Fees
If you file for bankruptcy under chapter 7 or 13, you are also required to complete two courses: a credit counseling course and a financial management course. These courses can be taken online and each cost between $30 – $50.
Should I Contact an Experienced Bankruptcy Attorney?
If you are filing for bankruptcy as a business, you must obtain an attorney. If you are filing as an individual, you should strongly consider consulting with an attorney to ensure that all of your dischargeable debts are discharged and your property (house, cars, furniture, etc.) is protected.
Bankruptcy lawyers generally charge a reasonable flat-fee for chapter 7 bankruptcies and the attorney’s fees under a chapter 13 are typically paid out of the repayment plan.