Court’s filing fees for bankruptcy cases due to increase on June 1st, 2014

Victoria Maydanik News about Bankruptcy Laws Leave a Comment

The judiciary periodically adjusts court fees for filing new bankruptcy cases.  As operational costs increase and courts’ budget becomes tighter, it’s no wonder that the adjustments have been increases in the filing fees charged by the courts.

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Current Chapter 7 court’s filing fee = $306

For cases filed on or after June 1st, 2014, court’s filing fee = $335

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Current Chapter 13 court’s filing fee = $281

For cases filed on or after June 1st, 2014, court’s filing fee = $310

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As the bankruptcy filing becomes more expensive, it becomes more important than ever to make sure that you are getting advice from a competent bankruptcy attorney and filing correctly to make sure that your petition is approved, that you don’t have to refile the case and pay for fees again, and to make sure that you get the optimal benefits of filing bankruptcy with no surprises and as minimal costs as possible.  If the case is not submitted correctly and you don’t have proper representation in the case, you may risk losing your house, your business and savings in a bankruptcy case and the debts that you were expecting to get cleared might still remain outstanding and collectible. With proper legal representation before the filing and throughout the case, you are protecting your assets and income and saving money.

Depending on your family’s financial situation, it may be possible to get waivers of the court’s filing fee from the court, or to pay the filing fee to the court in installments over a few months without delaying approval of your petition. If you are considering filing bankruptcy, don’t delay contacting your local bankruptcy attorney to find out more about your options, and the costs and benefits of filing.

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