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:
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:
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.
Filing for bankruptcy in New York involves the following steps:
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.