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How Much Does Bankruptcy Cost?

You have the right to ask questions about the costs involved in filing bankruptcy.cost of bankruptcy, how much does it cost to file bankruptcy, cost of bankruptcy in wisconsin

There are firms who are quoting outdated pricing online.  Be sure to get verbal quotes during your first meeting with a bankruptcy attorney.

Bankruptcy lawyers in Wisconsin will expect a small retainer fee, then fees from that point will be charged either by the hour or as a flat rate per case.  Often times, the attorneys who have flat fees will charge that for the bulk of the case, then charge hourly for additional required work.

Choose your attorney based upon the combination of cost, bankruptcy specific experience, comfort-level, client reviews, convenience, etc.

Cost of Chapter 13 Bankruptcy

Filing for Chapter 13 bankruptcy is pretty cut and dry.  Courts within judicial districts have set guidelines for what Bankruptcy Attorneys can charge.  (This means that bankruptcy law firms in our area will have similar charges.)  Those charges, otherwise called attorney fees, are built into the Chapter 13 debt consolidation plan.  Before filing bankruptcy, you should only be responsible to pay for court costs and small portion of the attorney fees.  Pre-filing cost out of pocket should be less than $500.  However, we always recommend asking for the exact amount while talking to your attorney in person.

Get your Free No-Obligation Consultation

If you’re considering filing bankruptcy, we expect that you’ll have many questions.  The simplest and cheapest way to receive solid legal advice is to ask for your one-time, no obligation, and free consultation with a Debt Advisors attorney.  During your consultation, we’ll gather general idea of your financial situation, and answer your questions about bankruptcy, including questions about what bankruptcy will cost.

If during this consultation you chose to hire a Debt Advisors bankruptcy attorney, the retainer fee can cost as little as $100.

Cost of Chapter 7 Bankruptcy

If you’re thinking about hiring a lawyer to file chapter 7 bankruptcy charges can vary much more than filing Chapter 13 bankruptcy.  The differences in fees may depend upon the complexity and specific details of your case.  Some larger firms may charge more to cover advertising, overhead, and experience level.  In general, attorney fees for a Chapter 7 bankruptcy will range from $900 to $2,500.  It is during your free consultation that more accurate costs can be determined.

When Do I Have to Pay for Bankruptcy?

If you are over your head in debt, bankruptcy is likely going to be far more affordable than to remain in your current situation.

Your initial consultation with a Debt Advisors bankruptcy lawyer is 100% FREE.  If you decide to hire Debt Advisors to represent you, some small fees may be expected prior to filing.  These filing fees, if any, will clearly be relayed to you during your consultation.  We have payment plans and we will do everything we can to help you and your family.

Read more about Hiring an Affordable Bankruptcy Attorney