Cost of Bankruptcy

Financial Cost of Bankruptcy

I have a full breadth of legal expertise. I can help you understand the real costs of filing for Bankruptcy in your particular situation.

Filing Fees

There are filing costs associated with filing for Bankruptcy in Pennsylvania. The filing fee for a

• Chapter 7 Bankruptcy is $338; and
• Chapter 13 Bankruptcy is $313.

Courts can’t waive Chapter 13 filing costs. In a Chapter 7 Bankruptcy, you may be able to pay your filing fees in installments.

Attorneys Fees

Our Bankruptcy Lawyers guide you through the Process of Filing Bankruptcy. That’s important because your settlement can be delayed or adversely affected if you

• overlook required documentation and schedules, or
• file inaccurate or incomplete information.

Legal fees will depend on the law firm you work with. Call us at 610-670-9000 to find out the cost and discuss your options.

Non-Financial Costs of Bankruptcy

Bankruptcy Affects Your Quality of Life and Standard of Living

If you’re filing for

• Chapter 13 Bankruptcy you can expect all your disposable income to go towards repaying your loans during your repayment plan term. You’ll have less money available for other purchases.
• Chapter 7 Bankruptcy may require liquidating some of your assets to pay your creditors. You’ll have fewer assets available to you. Bankruptcy will protect some of your assets.

Cost of Bankruptcy on Your Credit

Bankruptcy

• significantly lowers your credit rating for a time;
• stays on your credit history for ten years; and
• as expected, getting low interest rates on financing or any financing in the short term is more challenging.
  However, you may qualify for some types of loans within a few years of bankruptcy. This depends on individual lender policies and loan products.

You Won’t Find Better Bankruptcy Attorneys in Reading or Berks County to Help You Determine the Costs of Your Bankruptcy

That’s because of we

• have over 40+ years of experience practicing PA Bankruptcy Law in Berks County communities around Reading;
• have a wide breadth of legal expertise in areas impacted by Bankruptcy, including
  • Business Contracts;
  • Business Taxes;
  • Business Litigation;
  • Business Dissolution; and
  • lastly, Estate Planning;
• determine if there are alternatives to filing Bankruptcy;
• are not here to condemn you but rather
• make you understand you’re not alone and shouldn’t be embarrassed;
• relieve the burden and stress of financial problems; and
• most importantly, it gives you a fresh start with your finances.

Contact Us Online or Call Us at 610-670-9000 today.

Miller Law Group’s Berks County Law Offices are in West Lawn, PA, near Reading.