Low Cost Bankruptcy Charges

Sometimes filing for bankruptcy can be quite overwhelming due to the costs associated with the process. You should be aware that you will be required to pay some court charges, these depend on the chapter under which you will file your petition. Do not forget that you also have the attorneys fees to take care of, that is, if you have decided to hire one.

What adds to the charges is that you have to take some bankruptcy counseling sessions before the filing can commence. It is a requirement by the new insolvency law that you provide the certificate obtained after counseling before you can be considered for the process. If you have to attend the classes, then you must put into consideration the fees needed.

When all the above charges are combined, the whole cost may be quite overwhelming, owing to the fact that you are already in a financial mess. This is when you might want to consider low cost bankruptcy filing. You can sit down and weigh all the available options on how to cut down on the costs. To begin with, you may want to file the petition without involving an attorney. This will do away with the legal advice fees. To be successful in filing on your own, you must be well informed and be ready to defend your case in court.

Since going for counseling has been made mandatory by the new laws, you have to put the charges of doing so in mind. It may be hard to avoid meeting this cost. What you can avoid are the court charges. This you can do by filing a petition alongside that of the insolvency and ask to be given a waiver. You must however be able to demonstrate that you are genuinely unable to pay.