What is the filing fee for filing a bankruptcy?

Full question:

What is the filing fee for filing a bankruptcy?

Category: Bankruptcy
Date: 04/07/2025
State: Alabama

Answer:

The filing fees for consumer bankruptcy cases range from $185.00 in a Chapter 13 case to $200.00 in a Chapter 7 case.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

What is the minimum payment for bankruptcy?

The minimum payment for bankruptcy varies depending on the type of bankruptcy filed and the individual's financial situation. In a Chapter 13 bankruptcy, payments are based on a repayment plan that considers your income, debts, and living expenses. There is no fixed minimum payment for Chapter 7, as it often involves liquidating assets to pay creditors. It's essential to consult with a bankruptcy attorney to determine the appropriate payment plan for your specific case.

Is it cheaper to file Chapter 7 or 13?

Generally, filing for Chapter 7 bankruptcy is cheaper upfront than Chapter 13. Chapter 7 involves a one-time filing fee of $200, while Chapter 13 has a filing fee of $185, plus additional costs associated with the repayment plan. However, overall costs can vary based on individual circumstances, such as attorney fees and the complexity of the case. Consulting with a bankruptcy attorney can help clarify which option may be more cost-effective for your situation.

How much do you pay monthly for bankruptcies?

Monthly payments for bankruptcy depend on the type of bankruptcy and individual circumstances. In Chapter 13, payments are structured based on a repayment plan, which can range from a few hundred to several thousand dollars monthly, depending on income and debts. In Chapter 7, there are typically no monthly payments, as debts are discharged without a repayment plan. It's crucial to work with a bankruptcy attorney to establish a realistic payment plan that fits your financial situation.