How Much Does It Cost To File For Bankruptcy On Long Island?

cost of bankruptcyThe amount is costs to file for bankruptcy on Long Island is at minimum anywhere from $310.00 to $335.00 depending on the type of bankruptcy being filed. Here’s how it’s broken down:

$335.00 for Chapter 7 Bankruptcy

  • Filing Fee – $245.00
  • Administrative Fee – $75.00
  • Trustee Surcharge Fee -$15.00

$310.00 for Chapter 13 Bankruptcy

  • Filing Fee – $235.00
  • Administrative Fee – $75.00

These figures do not include any bankruptcy attorney fees or other fees that you might incur while filing for bankruptcy on Long Island such as abandonment, appeals or conversions. For a complete list of fees that you might experience when filing for bankruptcy you can view this PDF from the U.S. Bankruptcy court.

Changes to the Bankruptcy Filing Process

In 2005, Congress added more steps to the bankruptcy filing process. All individuals filing bankruptcy must participate in two different classes, one before filing and one after.

This credit-counseling course must be taken 180 days before filing for bankruptcy and can have a fee between $20 to $25. The personal finance management course must be taken before your bankruptcy case ends and also has a fee between $20 to $25. Some individuals might be able to have their fees waived.

More information about these courses and what they entail can be found here.

To get an accurate estimate of how much it will cost to file for bankruptcy on Long Island contact the experienced bankruptcy attorneys at PWACM Law. Together you can go over the particulars of your case so you can learn if filing for bankruptcy is the right thing to do.

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