The simplest answer is “it varies.”
The cost of a lawyer for Chapter 7 bankruptcy can vary depending on the complexity of your case and the location of your lawyer. However, you can expect to pay somewhere in the range of $1,000 to $3,500 for an experienced Chapter 7 bankruptcy lawyer. If your case is particularly complex, you may end up paying more.
What Affects the Cost of Your Bankruptcy Case?
There are a number of factors that can increase the cost of filing for bankruptcy, including the type of bankruptcy you file, the complexity of your financial situation, and the location of your case.
The most common type of bankruptcy is Chapter 7 bankruptcy, which typically involves liquidating your assets to pay off creditors. This can be a relatively simple and inexpensive process, but it can also be quite complex and expensive if you have a lot of assets or a complex financial situation.
Chapter 13 bankruptcy is another common type of bankruptcy, which involves reorganizing your debts and making payments to creditors over time. This can be a more complex and expensive process than Chapter 7 bankruptcy, but it may be the best option for you if you have a regular income and can make monthly payments.
Finally, the location of your bankruptcy case can also affect the cost. Cases filed in federal court tend to be more expensive than those filed in state court, so if you live in a state with a high bankruptcy filing rate, it may be more expensive to file in that state.
If you’re concerned about paying for bankruptcy or you want to know how much does a lawyer charge for Chapter 7, contact a bankruptcy attorney in your area.
