Where Do I Find Chapter 7 Bankruptcy Fees?

If you need you debts to be eliminated or need additional time to repay bills

, then filing bankruptcy may be an alternative for you. Filing bankruptcy may help you get rid of debt and stop foreclosure or repossession.

Where do I find Chapter 7 Bankruptcy Fees? Bankruptcy filing and miscellaneous fees listed below are current as of July, 2009. Fees may be subject to change, and future changes will be announced at the website of the U.S. Bankruptcy court. The fees are $299, Chapter 7 Filing Fee and $274, Chapter 13 Filing Fee. Pay the fees. The courts will charge $299 in fees. The filing fee must be paid in full when filing your initial petition; however, in some bankruptcy courts, they allow the filing fee to be paid in installment basis, or even waive the fee entirely under severe financial burdens.

Any person residing or having property or assets or a place of business in the United States may file Chapter 7. Any business may also file a Chapter 7. The new bankruptcy law includes a "means test" which applies revenue vs. expense test in order to file Chapter 7 bankruptcy. There is currently no least amount or highest amount of income limits or other income requirements or restrictions for people whose unsecured debts are mainly non-consumer debts such as investment liability, business losses, taxes, or student loans.

Bankruptcy law does not need that you hire an attorney to prepare a bankruptcy petition or to represent you in your bankruptcy case. If you take pleasure in doing things yourself, or if you really cannot pay for an attorney, you can acquire forms on the internet needed to file your own petition. However, bankruptcy is a difficult area of the law, and the bankruptcy law gives no extraordinary treatment to debtors who file their own petition. The new bankruptcy law makes filing bankruptcy significantly more complex and the practice of bankruptcy law is therefore more specialized. I strongly believe that the financial threat of filing your bankruptcy incorrectly under the new bankruptcy law is much greater than the amount of a reasonable fee paid to a bankruptcy attorney.

You start your bankruptcy by filing a Petition with the U.S. Bankruptcy Court. The necessities or requirements for the petitions vary depending on the Chapter under which the bankruptcy is filed, but engage thorough forms and schedules. Attorneys fees generally range from $1,500-$2,500 for a Chapter 7 bankruptcy. Fees for a Chapter 13 bankruptcy will normally be $3,300 in a consumer case and $4,000 in a business case.

For more support on how to file bankruptcy, visit http://www.onlinebkassist.com.

by: Steve

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