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Bankruptcy Fees to Increase November 1st

Posted: October 28, 2011

The filing fee for filing a chapter 7 or Chapter 13 bankruptcy will increase $7 on November 1, 2011. For chapter 7, the fee increases from $299 to $306; chapter 13 fees rise from $274 to $281. The Court Clerk for the Western District of New York posted the new fees October 17.

The cost of filing a bankruptcy lawsuit (adversary proceeding) is also rising, from $250 to $293. Filing a motion to lift the automatic stay of bankruptcy (usually filed by mortgage banks or car loan companies if there is a default in payments) goes up from $150 to $176, as does the fee to compel abandonment of an asset (that is, remove an asset from the bankruptcy case and return it to the debtor.)

To determine whether Bankruptcy would be a good option for you and your family, speak with a knowledgeable and experienced lawyer, as there are many variables to consider. He or she can best advise you whether you are eligible for Chapter 7 or Chapter 13, and if Bankruptcy is the solution to your financial problems. It very well may be the opportunity you are looking for to obtain that "fresh start" for your financial future. 

Call today for your first, Free Consultation: 1-800-343-8537

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