How Much Will It Cost to File Chapter 7 Bankruptcy?
During your free consultation with an experienced bankruptcy lawyer, we will discuss your options regarding debt relief, including potential bankruptcy protection. At Jeffrey B. Peltz, P.C., we determine our fee for a Chapter 7 bankruptcy based on the facts of your particular situation. We consider such factors as whether:
- You are filing with your spouse
- The total amount of your debt
- The type of debts you have
- The amount of money you earn (whether you are over the median income)
- You own real estate or a business
- Where you live
Fees and Expenses Associated with Chapter 7 Bankruptcy
Chapter 7 Bankruptcy in which you have less than $100,000 in unsecured debt, less than 20 creditors, don't own real estate or a business, and live in New York City will cost a total of $1,595. If you are filing a Chapter 7 Bankruptcy with your spouse the cost would be $2,095. Please note that these prices includes all of the expenses. When you call others and they give you a price, ask them if the price includes the court fee, the credit report and the 2 required classes. Our price includes all of those items.
If you have a more complicated situation than that described above we will tell you exactly what your bankruptcy would cost during our free consultation.
From Day One You Can Have Your Creditors Call Us!
If you wish to retain our office to represent you in a Chapter 7 bankruptcy, we will prepare a retainer agreement. Upon signing the retainer agreement, you will be required to pay $200 as a deposit, which is also known as a retainer fee. You will pay the balance of our fee in a monthly amount of at least $200 until the fee is paid in full. We will provide you with detailed instructions regarding the information that we will need to prepare your bankruptcy petition. Once you have retained our law office, you should stop paying the bills that you intend to be discharged in bankruptcy. You should also tell your creditors to call us and to stop calling you.
If you have more questions regarding Chapter 7 bankruptcy, its associated fees, or wish to schedule your free initial consultation, call us at 718-625-0800 or reach us online here to speak to an experienced bankruptcy attorney at no cost to you. From our conveniently located office in downtown Brooklyn, we represent clients throughout NYC and the surrounding areas, including Long Island, the Hudson Valley and New Jersey.