Bankruptcy Cost and Fees

Cost of a Chapter 7 Bankruptcy

Our fee for filing a Chapter 7 bankruptcy will be based on the complexity of your petition. You may find some attorneys who charge less and many who will charge considerably more. We believe our fee to be quite reasonable based on the services we provide and the 30 years of experience as Bankruptcy Lawyers in Memphis TN.

Please call for a free consultation. After our discussion, you will be quoted a fee. Of course you are under no obligation to file with our office.

In addition to the attorney’s fee for filing a Chapter 7 bankruptcy, you will be required to take a pre-filing credit counseling course from a third party. We have negotiated a reduced charge for this course if you take it through our office. The fee for the course is $15.00 (paid to that agency).

The pre-filing credit counseling course is usually taken over the phone during the preparation of your bankruptcy petition (although it can be taken at home over the phone, as well). It can also be taken online, but taking this course online requires a greater amount of time to complete.

In addition to the pre-filing credit counseling course, you will be required to take a debtor education course after filing your case. This course is usually taken online, at a cost of $10.00 (paid to that agency)..

In addition to the attorney’s fee and course fees, you will be required to pay a $335.00 filing fee to the Court within 90 days of filing your case (the Court sets a deadline for it to be paid when you file). You can pay this filing fee at our office and we will pay the Court for you, saving you a trip downtown.

Cost of a Chapter 13 bankruptcy

If you are filing a Chapter 13 bankruptcy, there are usually no attorney’s fees or Court costs required to be paid before filing your case. The attorney’s fees and Court costs are usually paid out over the length of the 60 month plan bankruptcy plan at an average cost of around $55.00 monthly.

The only fee you are usually required to pay before filing your case is $15.00 for the third party pre-filing credit counseling course.  The Chapter 13 Trustee offers a free debtor education course at the end of your bankruptcy.

If you have the ability to pay the attorney’s fee up front, we will negotiate a reduced attorney’s fee with you.

Note: In some special instances, there may be additional fees charged in a Chapter 13 bankruptcy, but those generally require Court approval.

Do not act on anything you read on this site without hiring an attorney. This is why we offer, for free, to prepare a bankruptcy petition for you to see what works best in your personal financial situation. We provide representation for individuals who live in Lauderdale, Tipton, Fayette and Shelby County, Tennessee, who qualify to file bankruptcy in the Bankruptcy Court for the Western District of Tennessee located in Memphis, Tennessee. The above fees and costs are for Chapter 7 and Chapter 13 bankruptcies filed in that Court.

Sincerely yours,

Arthur Ray

Arthur Ray Law Offices

^*For those who qualify under federal law.