If you are looking forward to filing bankruptcy in Texas, you need to prepare yourself for filing cost. The minimum cost is around $400. However, it requires preparing and filling complicated form by you. If you go through the conventional procedure, you will be required to pay the following upfront charges:
Certificate of Credit Counseling and budget
A credit counselor, who is court-approved, charges $50-$60 for counseling sessions. The duration of counseling sessions can be 1 - 2 hour. After the counseling session, you receive a budget and a certificate that should be filed with the documents, which are submitted to the court during hearing. The counseling session should be conducted inside six months of the filing petition. There are cases where this fee can also be reduced or waived.
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Bankruptcy Attorneys
The complex bankruptcy laws have made hiring an attorney a necessity. This complex procedure has paved the way for rising prices of attorneys in such cases. There are few lawyers charging below $800. Most lawyers ask for a payment in between $1,500 and $2,500. There are attorneys who allow fee-payments in small installments. You can also opt for pro-bono attorneys.
Paralegals
For individuals who cannot pay for attorneys and simultaneously have nervousness while preparing their form, paralegal (document preparer) can be handful in information regarding filing case. This filing bankruptcy cost never exceeds $400. Paralegal cannot provide legal advices or represent the individual in court.
Agency for Debt Relief
Attorneys, paralegal or others who are engaged in profession of preparing and filing bankrupt cases combine to form agencies for debt relief. They are required for telling the charges and the action involved in the case.
Software and Forms of Bankruptcy
Forms can cost you $0-$700 depending upon the source of the form and the instruction available. If you are not in a situation to hire an attorney, then you can always opt for software that guides you in form filling. Such software cost below $50.
Fees for Court Filing
Fees for court filing are never over $300. However, you should confirm the exact cost from the local court.
Post-Credit Counseling Certificate
After acquiring bankruptcy, you are required to acquire certificate of pre-discharge bankrupt education which costs around $50.
The minimum cost to file bankruptcy going by the conventional procedure is about $1,200. However, the period of case might be too long for your comfort.
Description: Filing Bankrupt Cost should be evaluated prior to filing a case. It should be kept in mind that the quality of the services, which gives you a better and quicker outcome, should not be comprised for minimizing filing cost.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
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