Paying for Bankruptcy

The Out-of-Pocket Costs | How to Pay When You’re Already Struggling?

Paying for BankruptcyWhen you’re struggling to make ends meet, and considering bankruptcy, another expense may seem like the last thing you need. Though bankruptcy may seem like the best way to get a fresh start, there are costs to bankruptcy—filing fees, the cost of mandatory credit counseling, and attorney fees. How do you make those payments when money is already tight or simply not there?

Options for Filing and Other Administrative Fees

The current fees to file bankruptcy in Texas are:

  • New Chapter 7 petitions—$338
  • New Chapter 13 petitions—$313

In addition, the typical cost of credit counseling is $50, and the debt education course required of anyone filing bankruptcy typically costs between $50 and $100.

When filing your petition, you can ask the court if you can pay the filing fee in installments. However, you must typically pay the full filing fee in no more than four installments over a period of 120 days. In addition, you can ask the court to waive the filing fee. To be eligible for waiver, your income must fall below 150% of the federal poverty level.

Options for the Cost of Legal Representation

In virtually all bankruptcy filings, legal expenses make up the bulk of the costs. With a Chapter 7 filing, you must pay the attorney fee up front, as the fee could be discharged in bankruptcy. However, with Chapter 13, you can customarily pay some of the fee up front and the balance as part of your reorganization plan.

Other options for legal counsel include representation by legal aid or an attorney who will work on a pro bono (no fee) basis.

Contact an Experienced Rockwall, Texas, Bankruptcy Attorney

At the Law Offices of Carrie Weir, all potential clients are entitled to a free initial consultation. I am currently communicating with clients by phone, text message, and videoconference. To arrange an appointment, contact my office online or call 972-772-3083. I handle Texas personal bankruptcy filings in Rockwall County, Collin County, Dallas County, Hunt County, and the surrounding counties.

Speak Your Mind

*

Call Rockwall bankruptcy lawyer Carrie Weir at 972-772-3083 or fill out the contact from below for a free, confidential consultation to discuss your options.

How Can I Help

Complete the contact form
and I will email you.

  • This field is for validation purposes and should be left unchanged.

Consumer Bankruptcy

Can I keep my car? Will bankruptcy stop a foreclosure? Will I ever be debt-free again? How will I ever pay these medical bills?

Read More

Chapter 7 Bankruptcy

If you want to stop creditor harassment, eliminate repossession debt, stop garnishments and keep your house, and car, a Chapter 7 bankruptcy could help.

Read More

Chapter 13 Bankruptcy

Are you in jeopardy of losing your house? Are you making good money but everyone is asking for payment right now? Do you want or need to stop collections?

Read More