THE COST OF FILING BANKRUPTCY
Chapter 7 Lawyer's Fee
Heller & Richmond, Ltd. offers our clients a low cost, affordable way to clear up their credit difficulties. Our fees for complete representation in a Chapter 7 Bankruptcy are as low as $550.00. This includes all consultations and analysis of your situation; the preparation and filing of your petition, as well as representation at all court related matters. Secured debts, wage garnishments, law suits, tax problems and other complexities are some reasons for a slightly higher charge. Many other lawyers charge well over $1,500.00 and some as much as $3,500.00 for the same service! Feel free to compare prices at other law firms and you will find why most of our clients are thrilled with the substantial savings they find at Heller & Richmond, Ltd.
Chapter 13 Lawyer's Fee
A Chapter 13 can be filed for as little as no money down for a qualified wage earner. This means that with a good work history and a sufficient amount of income Heller & Richmond, Ltd. will wait to collect any payment for their services until an affordable Chapter 13 plan to consolidate and repay a portion of your debts has been approved by the Bankruptcy Court. Even then our fee will usually be paid directly from your payments to the Bankruptcy Court (trustee). So one affordable payment will cover not only your debts, but also your attorney’s fees. Even those without a strong work record can sometimes proceed with a Chapter 13, although we may require a small advance payment towards our fees. In those cases the fee deposit can be as low as $350.00.
Other Necessary Expenses
The cost of filing a Chapter 7 Bankruptcy at all law firms also requires a payment to the U.S. Bankruptcy Court in the amount of $335.00. The cost of filing a Chapter 13 Bankruptcy requires a Bankruptcy Court payment of $310.00. There is also a charge of $38.00 to obtain a credit report from all 3 major credit bureaus. Finally, the Bankruptcy law requires every filer to obtain a pre-filing credit counseling and a post-filing debtor education certificate. Those certificates can not be provided by your lawyer. There are many credit counseling and debtor education companies whose charges generally range from $15.00 to $50 for each certificate. Your attorneys at Heller & Richmond, Ltd. can help you find the least expensive option. All in all these non-lawyer expenses will add a total of about $413.00 to your cost of filing a Chapter 7 Bankruptcy and a total of about $363.00 to your cost of filing a Chapter 13 Bankruptcy.
Contact Heller & Richmond, Ltd. to obtain a more precise estimate of the cost in your particular case.
Phone: 312-781-6700 E-Mail: MRichmond@Hellerrichmond.com.
Chapter 7 Lawyer's Fee
Heller & Richmond, Ltd. offers our clients a low cost, affordable way to clear up their credit difficulties. Our fees for complete representation in a Chapter 7 Bankruptcy are as low as $550.00. This includes all consultations and analysis of your situation; the preparation and filing of your petition, as well as representation at all court related matters. Secured debts, wage garnishments, law suits, tax problems and other complexities are some reasons for a slightly higher charge. Many other lawyers charge well over $1,500.00 and some as much as $3,500.00 for the same service! Feel free to compare prices at other law firms and you will find why most of our clients are thrilled with the substantial savings they find at Heller & Richmond, Ltd.
Chapter 13 Lawyer's Fee
A Chapter 13 can be filed for as little as no money down for a qualified wage earner. This means that with a good work history and a sufficient amount of income Heller & Richmond, Ltd. will wait to collect any payment for their services until an affordable Chapter 13 plan to consolidate and repay a portion of your debts has been approved by the Bankruptcy Court. Even then our fee will usually be paid directly from your payments to the Bankruptcy Court (trustee). So one affordable payment will cover not only your debts, but also your attorney’s fees. Even those without a strong work record can sometimes proceed with a Chapter 13, although we may require a small advance payment towards our fees. In those cases the fee deposit can be as low as $350.00.
Other Necessary Expenses
The cost of filing a Chapter 7 Bankruptcy at all law firms also requires a payment to the U.S. Bankruptcy Court in the amount of $335.00. The cost of filing a Chapter 13 Bankruptcy requires a Bankruptcy Court payment of $310.00. There is also a charge of $38.00 to obtain a credit report from all 3 major credit bureaus. Finally, the Bankruptcy law requires every filer to obtain a pre-filing credit counseling and a post-filing debtor education certificate. Those certificates can not be provided by your lawyer. There are many credit counseling and debtor education companies whose charges generally range from $15.00 to $50 for each certificate. Your attorneys at Heller & Richmond, Ltd. can help you find the least expensive option. All in all these non-lawyer expenses will add a total of about $413.00 to your cost of filing a Chapter 7 Bankruptcy and a total of about $363.00 to your cost of filing a Chapter 13 Bankruptcy.
Contact Heller & Richmond, Ltd. to obtain a more precise estimate of the cost in your particular case.
Phone: 312-781-6700 E-Mail: MRichmond@Hellerrichmond.com.