Court Fees, Filing Costs, and Hiring An Attorney

One of the first questions we get asked is, “How much does it cost to file for bankruptcy”?

When filing for bankruptcy, you should expect to pay for a credit counseling course before filing, a court filing fee at the time of filing, attorneys’ fees, and, prior to having your debts discharged and your case closed, the cost of another debtor education course.

In some cases, you may be eligible for a court filing bankruptcy fee waiver that lets you file without paying the fee. Even if you’re not eligible, you can file an application to pay the fee in installments. This lets you file for bankruptcy right away, thus initiating the automatic stay—which stops your creditors from taking any further action against you.

While there may be some differences between how much a Chapter 7 bankruptcy costs and a Chapter 13 bankruptcy costs, other common fees associated with filing for bankruptcy in New York include the following:

  1. Bankruptcy Credit Report
  2. Valuation for Vehicles
  3. Valuation, BPO, or Appraisal for Real Property
  4. Tax Transcripts

True Zero-Down Bankruptcy

True zero-down bankruptcy lets you pay for the bankruptcy after filing, as opposed to before.

Our legal team here at Roemerman Law will help you make the most of the bankruptcy tools available to you. Contact us Today for a free consultation
Here at Roemerman Law, we want to help as many people as possible get that fresh start through the court. To help you file for bankruptcy even if your financial situation doesn’t let you cover our fee right away, and as long as you earn over $30,000/year, we offer what we call a “True Zero-Down Bankruptcy.”

You can finance this over the next year in monthly installments and up to 26 payments. Concern over the cost of a bankruptcy lawyer no longer needs to be an issue.

Key points to remember are:

  1. This is a “True $0-down bankruptcy,” where we pay the filing fee for you, plus the credit counseling, and get you into court.
  2. It is slightly more expensive than the standard flat fee—but you can finance it instead of paying upfront, which makes it far easier to cover.
  3. It is much easier to pay after you’ve discharged many of your debts and are no longer paying your creditors.
  4. It offers the same great ROI as paying upfront: you wipe out tens of thousands in debt in exchange for having to pay us a small monthly installment for a year.

Roemerman Law offers true zero-down bankruptcy—as opposed to a simple low-cost bankruptcy like a “you pay the fees” or a retainer up-front “zero-down” bankruptcy. We do so to help people who are working and trying to get caught up and really can’t afford it. These people may be unable to file otherwise, even though they are the ones standing to benefit most from a bankruptcy.

True zero-down bankruptcy helps people who might want to pay a little more over the next year get into court quicker. This way, you may discharge much of your debt and pay your lawyer over a single year instead of having to cover debilitating, interest-bearing debts month after month.

Click here to learn about qualifying for a NY bankruptcy.

Filing with an Attorney

Filing for bankruptcy in New York involves the following steps:

  • 1.Collect your bankruptcy documents. These are the documents you need to file with your bankruptcy petition and typically include any collection notices and letters you have received from your creditors in the last 90 days, all leases and other contracts you have with landlords, lenders, or auto dealerships, your two most recent income tax returns, your last several bank statements, and your paycheck stubs for the last 6 months.
  • 2.Attend a credit counseling course. Before you can file for bankruptcy, you must take a credit counseling course. This takes about an hour and you may take it online, by phone, or—in most cases—in person. You will receive a Credit Counseling Certificate (CCC) that you will need to file along with the rest of your bankruptcy documents.
  • File your forms. Depending on the county you live in, you will go to one of the respective district courts to file your petition or file it online. An attorney will file the petition using the court’s Public Access to Court Electronic Records system (“PACER”). Due to COVID-19 restrictions, most courts have restrictive hours or offer alternative filing options, so be sure to check beforehand. You will also need to have paid the filing fee before you can file.
  • Send the necessary documents to your trustee. A few days after filing, you will receive the contact information for your bankruptcy trustee. This is the person who will administer your case. Some trustees ask for certain documents, such as paycheck stubs, federal income tax returns, bank account statements, etc.
  • Attend your creditors meeting. You will need to attend a meeting with your creditors and your trustee, often referred to as a 341 meeting (from the section of the Bankruptcy Code that requires it). During the meeting, you will have to answer some questions about the information in your bankruptcy forms and your general financial situation. At the moment, most meetings are held over the phone or by video due to COVID-19 measures.
  • Take an after-filing debtor education course. Similar to the credit counseling course, the after-filing debtor education course focuses on financial management tools. Its goal is to help you manage your finances responsibly in the future. The post-filing debtor education course takes a minimum of 2 hours to complete (by law). Once you have completed the course, you will be eligible to receive your bankruptcy discharge.

 

Do I Need a Lawyer to File?

While you don’t need an attorney to file for bankruptcy, your chances of a successful petition are dramatically higher if you do. For example, before you fill in the bankruptcy forms, you should first read and fully understand the 49-page instructions manual that explains what information you should include with each form.

Remember that you will be signing these documents under penalty of perjury and that any errors or omissions can delay your discharge—or even result in the courts dismissing your petition. Given what’s at stake, hiring a low-cost bankruptcy attorney is the smart thing to do!

Our legal team here at Roemerman Law will help you make the most of the bankruptcy tools available to you.

Contact us Today for a free consultation

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