Cost to File Bankruptcy

When you are facing financial issues the cost to anything you do is important.

Unlike some firms, Saedi Law Group is always upfront about court fees and attorney costs.

Don’t fall for catchy radio or tv ads. Work with a firm that’s upfront about all the costs involved in filing.

Chapter 7 Costs

The cost to file Chapter 7 bankruptcy is $335.00. In the event that qualified clients do not have $335.00 to file their case they can start their case with $75.00 and then can pay $130.00 in 30 days and the balance of $130.00 in thirty days to the clerk of bankruptcy court.

Be careful of “offers” to pay your filing fee for you. Most of the time you will be charged more in attorney fees than many firms and then your monthly payment will be higher each month.

Credit counseling companies charge a range of prices.  Below are the list of credit counseling companies most of our clients use and their pros and cons:

  1. www.debtoredu.com: Cost of their online course is $14.95.00. Typically takes about 45 minutes to complete. They do not issues certificates on the weekend or after 6pm.
  2. www.abacuscc.com: Cost of their online course is $25.00. The fastest course (takes about 15-20 minutes) and they issue certificates 24/7.
  3. www.ccadvisors.com: Cost of their online course is $9.76.  This is probably the longest and most involved course.

Making sure that you list all of your creditors is key to a successful bankruptcy case. If you forget a creditor once your case has been filed you will have to pay to have it added. Our vendor changes $35.00 to pull your credit reports and run a lien search (nationwide).

We always recommend that clients use out vendor to pull your credit reports and do a lien search to ensure that if any creditor should pop up you are protected with this verified report. If any issues arise after your case discharge due a creditor or lien not listed our clients that used our vendors for the credit report and lien search are protected and we will step in to ensure that all issues are resolved. We recommend that save your free credit report pull for AFTER your case is discharged to check to make sure all creditors have updated you report.

$35.00 is a low cost to pay for this type of “insurance” policy.

Chapter 7 attorney fee costs usually range from $900 to $1800.00 depending on several factors such as:

  1. Number of judgments that need to be removed.
  2. Business accounts/creditors that need to be included.
  3. Number of homes to be retained/removed.
  4. Number of cars to be retained/removed.

Once you meet with an attorney they will let you know where your case fits in terms of cost.  The goods news is that we over flexible payment plans for all clients.

Our attorney fees are typically the same or lower than what big bankruptcy “mill” law firms charge! Why pay more for less personalized service?

Chapter 13 Costs

The cost to file Chapter 13 bankruptcy is $310.00.  For qualified clients that do not have $310.00 to start they can pay $75.00 to start their case and then pay $117.50 in 30 days and then another 30 days pay the balance of $117.50 to the clerk of bankruptcy court.

Be careful of “offers” to pay your filing fee for you. Most of the time you will be charged more in attorney fees than many firms and then your monthly payment will be higher each month.

Credit counseling companies charge a range of prices.  Below are the list of credit counseling companies most of our clients use and their pros and cons:

  1. www.debtoredu.com: Cost of their online course is $14.95.00. Typically takes about 45 minutes to complete. They do not issues certificates on the weekend or after 6pm.
  2. www.abacuscc.com: Cost of their online course is $25.00. The fastest course (takes about 15-20 minutes) and they issue certificates 24/7.
  3. www.ccadvisors.com: Cost of their online course is $9.76.  This is probably the longest and most involved course.

Making sure that you list all of your creditors is key to a successful bankruptcy case. If you forget a creditor once your case has been filed you will have to pay to have it added. Our vendor changes $35.00 to pull your credit reports and run a lien search (nationwide).

We always recommend that clients use out vendor to pull your credit reports and do a lien search to ensure that if any creditor should pop up you are protected with this verified report. If any issues arise after your case discharge due a creditor or lien not listed our clients that used our vendors for the credit report and lien search are protected and we will step in to ensure that all issues are resolved. We recommend that save your free credit report pull for AFTER your case is discharged to check to make sure all creditors have updated you report.

$35.00 is a low cost to pay for this type of “insurance” policy.

The typical cost for a Chapter 13 case can range from $3200 to $4990 depending on several facts such as:

  1. The amount of debt to be restructured through the plan.
  2. Junior mortgages which need to be removed.
  3. Tax liens which need to be removed or crammed down.
  4. Number of vehicles to be repaid through the plan.
  5. Self-employed/business debtor cases

Chapter 13 cases cost more than Chapter 7 cases because these cases typically last 36-60 months (instead of the 4-5 months of a Chapter 7 case).  Attorney fees however are placed into the repayment plan so that clients are not required to make any direct payment plan with our office.

Once you meet with an attorney they can let you know what your attorney fees will be for the case. Our attorney fees are typically the same or lower than what big bankruptcy “mill” law firms charge! Why pay more for less personalized service?