How much does it cost to file for bankruptcy in Cincinnati?

So you’re considering to file for bankruptcy, but the biggest concern you have is how much does it cost to file for bankruptcy in Cincinnati?  Well, there are generally three types of costs associated with filing for bankruptcy:

Court Costs

The court filing fee for a Chapter 7 case is currently $335. For a Chapter 13, it costs $310. Your bankruptcy trustee may also charge a fee of $15 to $20 when you file. While these court filing fees are standard, there are payment options available depending on your circumstances.

The first option is to pay for the filing fee entirely up front. The second option is to divide up the court filing fee into four monthly payments that are made directly to the bankruptcy court. The last option is to request the bankruptcy court waive the court filing fees based off of your income and expenses. 

Check with an attorney to determine whether the court filing fees can be waived for your case.

Attorney's Fees

The attorney’s fees for Chapter 7 bankruptcy vary greatly depending on the complexity of your case. The fees could be as low as around $600.00 for a simple case and upwards to $2,000.00 or more for a case involving a business owner. 

Do not let the attorney’s fees determine who you select to be your bankruptcy attorney. As the old saying goes, “you get what you pay for”.  If an attorney is charging very little, it could mean that he’s spending very little time working on your case. 

The standard attorney’s fees for Chapter 13 bankruptcy are $3,500.00 in the Greater Cincinnati area. That’s a lot more than a Chapter 7 bankruptcy, but Chapter 13 bankruptcy cases are more complex and require more time. 

But there’s good news regarding attorney’s fees in Chapter 13 bankruptcy: Only a portion of the attorney’s fees are requested up front while the remaining balance is paid through the Chapter 13 plan.

Administrative Fees

Whether you file for Chapter 7 or Chapter 13 bankruptcy, you will need to complete a pre-filing and post-filing credit counseling course. These courses cost anywhere from $15.00 to $50.00.  Additionally, you should expect your bankruptcy attorney to obtain your credit report prior to filing the case. The credit report fees can range from $33.00 to $63.00.

If you have more questions about the costs associated with filing for bankruptcy or if you’d like to discuss your case, please feel free to contact the Southard Law Firm at 513-441-7770 for a free consultation in Cincinnati.