Are you interested in filing Chapter 13 bankruptcy? Before you make this decision, you should collect as much information as possible pertaining to the process.
It is important to note that Chapter 13 bankruptcy fees vary from state to the state. That being said, most courts have a guideline in place to help you determine the average cost for your state and local area.
Hiring a Bankruptcy Attorney
In addition to filing fees, don’t overlook the fact that you will have to pay your attorney. While you may get the urge to file for bankruptcy on your own, make sure you consider the pros and cons of doing so. You may be able to save a little bit of money, but in the long run you will spend a lot of time. Not to mention the fact that you are prone to making many mistakes, which could lead to your case being thrown out by the court and the loss of your property.
Fortunately, bankruptcy law states that attorneys who file Chapter 13 bankruptcy for clients must disclose their fees for the approval of the court. This will ensure that you know exactly what you are being charged.
What will your attorney do for you? The services included in the fee that you pay can and will vary from one state to the next. Again, you must make sure you know what you are getting for your money.
Tip: with Chapter 13 bankruptcy, your attorney fee can be paid through your repayment plan. Some courts allow you to pay some of the fee through this plan, while others allow you to pay the entire fee. If you are unable to pay the entire fee, your attorney will likely work with you so that your attorney fee can be included in the monthly repayment plan.
An experienced bankruptcy attorney can work with you so that your case can be filed in Philadelphia without it being a strain on your budget.
The Philadelphia Division of the Bankruptcy Court handles cases for Philadelphia, Bucks, Chester, Delaware and Montgomery Counties.