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Olivia - Oxnard, CA
Hamid Soleimanian settled my personal injury case for $390,000.00. I was well prepared to go to trial, and was my case.
Olivia - Oxnard, CA



Bankruptcy Lawyer

What Does it Cost to File for Chapter 7 Bankruptcy?

What Does it Cost to File for Chapter 7 Bankruptcy?When you are facing personal bankruptcy, the last thing you may want to think about is yet another bill. Filing a bankruptcy petition is not free, however, and the documents are extremely complicated, generally necessitating legal assistance, which is also not free. Although many may consider filing on their own, the bankruptcy court does not advise this; a single error can lead to the entire case being dismissed. Our bankruptcy attorney in Los Angeles can help.

A chapter 7 bankruptcy can help you discharge, or eliminate, most, if not all, of your unsecured debts, such as credit cards, personal loans, and more. Many times, bankruptcy exemptions can help you save a certain percentage of your property, including your home or vehicle. Any property or assets you have beyond your chosen set of exemptions will be subject to liquidation in order to pay your debts.

Filing for chapter 7 costs $306, as of November 1, 2011, according to the U.S. Bankruptcy Court. These fees will be collected at the time of filing. Your attorney’s fees will vary largely and can often depend on how complicated your filing is and how organized your paperwork is.

Since it is means based, not everyone will qualify for a chapter 7. Those who do not pass the means test may instead qualify for a chapter 13 bankruptcy, which can still provide significant debt relief by combining all debts into a single payment. This payment plan is carried out through the bankruptcy court over the course of the next three to five years, after which remaining unsecured debts are discharged.

Every personal and business bankruptcy is different. To learn more about your options or to learn about the costs often associated with filing for bankruptcy, contact our California bankruptcy lawyer today and schedule your consultation.

Source: Hamid Soleimanian, Bankruptcy Attorney Los Angeles
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