How Much Does It Cost to File for Chapter 7 Bankruptcy?
If you’re considering filing for Chapter 7 bankruptcy, one of the first questions you’re likely to ask is how much it will cost. While bankruptcy does involve upfront expenses, the total cost often pales in comparison to the amount of debt that can be eliminated.
Bankruptcy Court Filing Fee
The bankruptcy court charges a $338 filing fee for Chapter 7 cases. In very limited circumstances, this fee may be waived, but fee waivers are rare and subject to strict income requirements. Some filers may qualify to pay the fee in installments.
Attorney Fees
Most Chapter 7 filers choose to work with a bankruptcy attorney to ensure their case is handled correctly. Attorney fees typically start at $1,500 and up and are usually charged as a flat fee. This flat fee generally covers all standard aspects of the case, from the initial consultation through the final discharge.
It’s important to carefully review your attorney-client agreement. If any additional fees may apply, they must be clearly disclosed in the contract.
Required Bankruptcy Courses
Federal law requires two educational courses:
Consumer Credit Counseling (completed before filing)
Financial Management Course (completed after filing)
Each course typically costs $10 to $25. Some law firms—such as Austin Bankruptcy Lawyers—include these courses in their flat fee, while others require clients to pay for them separately.
Is Filing Chapter 7 Worth the Cost?
Although filing for Chapter 7 bankruptcy involves certain expenses, it can eliminate thousands—or even tens of thousands—of dollars in unsecured debt. For individuals facing overwhelming financial pressure, Chapter 7 often makes strong financial sense by providing immediate relief and a fresh start.
Get Professional Guidance
An experienced Austin bankruptcy attorney can explain the total cost upfront, help you understand your options, and ensure there are no surprises along the way.
***Peace Of Mind For You, A Fresh Start For Your Family***
Austin Bankruptcy Lawyers
3800 North Lamar Blvd # 200
Austin, TX 78756