How Much Will It Cost to File Chapter 7 Bankruptcy?

During your free consultation with an experienced bankruptcy lawyer, we will discuss your options regarding debt relief, including potential bankruptcy protection. At Jeffrey B. Peltz, P.C., we determine our fee for a Chapter 7 bankruptcy based on the facts of your particular situation. We consider such factors as whether: 

  • You are filing with your spouse
  • The total amount of your debt
  • The type of debts you have
  • The amount of money you earn (whether you are over the median income)
  • You own real estate or a business
  • Where you live


Fees and Expenses Associated with Chapter 7 Bankruptcy

Our fee for a typical, simple bankruptcy will likely cost between $1,200 and $1,700. For a more complicated Chapter 7 bankruptcy case, our fee will likely cost between $2,000 and $3,000. The most complicated cases will cost more than $3,000. In addition to our legal fees, you must pay $335 for the court filing fee, $40 for a credit report (combined from all three major credit reporting agencies) and $25 for two classes required under the Bankruptcy Code. During our free consultation, we will let you know exactly how much your bankruptcy will cost.

With the expenses, you can expect a simple Chapter 7 Bankruptcy to cost a total of $1,595. If you are filing a simple Chapter 7 Bankruptcy with your spouse, the total cost would be $1,995.


From Day One You Can Have Your Creditors Call Us!

If you wish to retain our office to represent you in a Chapter 7 bankruptcy, we will prepare a retainer agreement. Upon signing the retainer agreement, you will be required to pay $200 as a deposit, which is also known as a retainer fee. You will pay the balance of our fee in a monthly amount of at least $200 until the fee is paid in full. We will provide you with detailed instructions regarding the information that we will need to prepare your bankruptcy petition. Once you have retained our law office, you should stop paying the bills that you intend to be discharged in bankruptcy. You should also tell your creditors to call us and to stop calling you.

If you have more questions regarding Chapter 7 bankruptcy, its associated fees, or wish to schedule your free initial consultation, call us at 718-625-0800 or reach us online here to speak to an experienced bankruptcy attorney at no cost to you. From our conveniently located office in downtown Brooklyn, we represent clients throughout NYC and the surrounding areas.