4 Tips About the Cost of Nashville Bankruptcy
One of the main questions that we hear from clients is, “How much does it cost to file bankruptcy?” This is a great question. Remember that bankruptcy is an investment. You are paying to eliminate thousands of dollars to eliminate debt. It is a great financial investment.
In addition, here are 4 things you should consider:
- Cost varies: Chapter 7, 11, and 13 all have different costs. Chapter 7 is the least expensive, followed by Chapter 13, and then by Chapter 11
- Court fees: Court fees do not change based on state. The national fee is $281, $1,046, and $308 for Chapter 7, 11, and 13, respectively.
- Attorney fees: The national average fee from attorneys is $1,250 for Chapter 7 and $3,000 for Chapter 13.These fees are publicly released. They will vary based on where you live, how complicated and difficult your case is, and how many attorneys are in your area.
- Compare rates: To avoid getting poor quality service or getting taken advantage of, make sure to compare rates and avoid very low or very high rates.
Learn more about our Nashville bankruptcy attorney, Todd Jackson.