How much does it cost for bankruptcy?

Question

i thought it was too get you out of debt, now you have to pay them,? is this a monthly thing or what

Answer 1

Attorneys want you to pay them for their service, they're the ones that do the actual "filing" for you.

You'll have to borrow the money to pay for the bankruptcy. I hope you have a nice family member that wouldn't mind lending you some money.

Answer 2

Talk to a few Attorneys. Many give a Free consult and explain everything. Some lawyers may put their fee on your bankruptcy. I not sure, but, I think the maximum you stay in Bankruptcy is 5 years, I just not sure, and, it may be less. When you talk to a lawyer ask about both; Chapter 7 and Chapter 13.
I think Chapter 13 rebuilds your credit as you keep many things and pay them off in a consolidated payment to the Bankruptcy Trustee.
Chapter 7 you just let many things go back and only pay for what you keep. I not think it rebuilds credit, but, again I not sure. Sorry.

Answer 3

Bankruptcy is a legal action that declares you do not have the money to repay your creditors. It requires alot more than simply filing for dismissal of your debts. The amount you have to pay to your attorney varies from state to state and from attorney to attorney based on the amount of work that's required. Most bankruptcies should be around $500-$1000, requires 2 court appointments, etc. You have to be able to prove that you cannot repay the debts, not that you don't want to. Most attorneys want money upfront; however, probably some would bill for their services.

Answer 4

it does'nt cost anything because if you get bankruptsy you lose all your the money that you have in the bank.

Answer 5

If you have to ask, you can't afford it.