How Much Does Filing for Bankruptcy Cost?
Since bankruptcy is an option for those strapped for cash, one of the first things on our clients’ minds is how much bankruptcy will cost. Like any purchase, there is almost always a balance between cost and quality. At Adler Law Firm, we do whatever we can to ensure you’re getting as much value as possible.
Additionally, some law firms advertise an artificially low rate to entice people to sign up, while only later revealing various hidden fees. At Adler Law Firm, we pride ourselves on our transparency. We don’t want any of our clients feeling like they’re in the dark.
That’s why we structured a transparent pricing system so that you’re not paying a dime more than necessary, and each additional cost accounts for the additional amount of work and protection your case requires.
Chapter 7 Bankruptcy
Our basic Chapter 7 Bankruptcy fees starts at only $499 and can go up $1,099 based on the extra work and filing necessary.
The basic $499 package is for those who have no income, no car, and no house. However, the more assets you have the more work there is for the lawyer to protect those assets.
There are several different factors that raise this fee up to $1,099. For those who own a car, it’s an extra $100. If you own a house it’s an extra $200. If you are employed, there is an additional $100 fee.
Additionally, if there is garnishment, i.e. if assets have already been seized by a debtor and now need to be retrieved, there is also an extra $100 lawyer’s fee. Lastly, there is additional $100 fee for those with more than 10 creditors.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy things are more straightforward. There is a flat fee of $3,500 with $750 down and the rest will be paid through the chapter 13 repayment plan.
At Adler Law Firm PLLC, we understand that filing for bankruptcy can be a very stressful and daunting experience for you. That’s why we try to make filing for bankruptcy as easy and quick as possible at a very affordable rate. You can be sure that as soon as you speak with our bankruptcy lawyer, you will know that you are in good hands and you can put that stress behind you for good. Filing for bankruptcy can give you the fresh start that you need.