How Much Does Bankruptcy Cost?

22 - Jul - 2017
Credit Card Debt

What Does Filing Bankruptcy Cost?

You have the right to know how much it will cost to file 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. We have payment plans and we will do everything we can to help you and your family. Below, find more information including our commitment about fees:

  • We keep our fees as low as possible.
  • Provide transparency & honesty about fees.
  • We won’t turn away anyone who needs our services
  • Help find creative ways to pay for services.
  • Ensure that you receive the financial relief that you and your family need.

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

How can you pay for a bankruptcy attorneys services? The simplest and cheapest way to receive this answer is to get 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 all of your questions. We are transparent about our fees and we never turn someone away who needs our services.

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.

Criteria To Choose Attorney

Choose your attorney based upon the combination of state bar qualifications, fees, bankruptcy specific experience,  client reviews, convenience, your comfort-level with them. There are fraudulent businesses out there including law firms and non-profits. Be sure to get quotes during your first meeting. In a nutshell, 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.

When considering the criteria to choose an attorney, one must also factor in the specialization of the firm or lawyer in question. For instance, understanding the intricacies of personal bankruptcy can make a significant difference. Websites like Debt Advisors provide comprehensive insights into these niche areas. Additionally, while many seniors believe bankruptcy isn’t an option for them, the benefits of bankruptcy for senior citizens can be significant.

On the other hand, recent reports highlight that Wisconsin bankruptcy filings are on the rise. Hence, it’s crucial to arm oneself with the truth and dispel common bankruptcy myths that might deter someone from seeking the right financial relief.for those in the Sheboygan area, exploring local resources such as the Sheboygan Office of Debt Advisors can provide valuable insights and assistance tailored to your specific needs.

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