How Much Will It Cost to File Bankruptcy?

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Even if a person files for bankruptcy themselves, there are still filing fees that the government requires, and these can be several hundred dollars or more. Discover what to expect for attorney's fees when filing bankruptcy with help from a certified family mediator in this free video on bankruptcy and foreclosure.

Part of the Video Series: Bankruptcy & Foreclosure
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Video Transcript

You may have lost your job and are unable to make payments on your regular monthly debts and you are now considering bankruptcy, but now you have heard that bankruptcy even has a charge associated with it and you do not know if you make enough money to afford to file bankruptcy. Hello I am Robert Todd and I am here to answer the question how much does it cost to file bankruptcy. Well of course that answer is going to depend on the nature of your bankruptcy and your particular situation, but generally speaking even if you file the bankruptcy yourself there are filing fees that the government requires that are associated with the filing of bankruptcy and these fees vary from several hundred dollars, and up so, if you are not comfortable filing bankruptcy yourself and you are going to seek the services of attorney to file bankruptcy then you are also going to have the attorney's fees associated with the filing of that bankruptcy. And as you might expect the attorney's fees are going to vary from state to state and location to location. So to acquaint yourself with how much it is going to cost we would recommend that you consult with a bankruptcy attorney and get an estimate, at the most a bankruptcy attorney will probably will only charge you for an initial consultation. Something a hundred dollars or something slightly above that or there may be no charge. So you may serve yourself well by consulting with an attorney to determine whether your particular situation lends itself to bankruptcy whether it is indicated in your particular situation and then what is going to be involved and how much it is going to cost. I am Robert Todd, and thank you for watching.

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