In order to file for Chapter 7 bankruptcy, you will have to pay a filing fee. Of course, this seems somewhat backwards because you are filing for bankruptcy because you can’t pay your bills, so paying another fee may simply not be an option. There are a lot of different judicial determination of filing fee waiver applications
Depending on your situation, you may be eligible for a filing fee waiver. If an individual submits a fee waiver application with their petition for Chapter 7 bankruptcy, the court will process it in the same way as they would as an individual who did not file a fee waiver application. There are eligibility requirements that a person must meet in order to determine if they can will qualify for a fee waiver. These eligibility standards require that the debtor has an income that is less than 150 percent of the poverty line assigned to the number of family members that are listed as dependents. If the debtor does not fall into that bracket but they still cannot afford to pay the fee in installments, they may be able to apply for a waiver. The bankruptcy court will assess your situation to determine whether you truly will not be able to make payments in installations. The filing fee for Chapter 7 is $245.
If you have questions about filing for bankruptcy, contact an experienced bankruptcy attorney today. This may be your chance to start over financially. If you are worried about the filing fee, give us a call and we will see what options may be best for you.
If you require the services of an experienced bankruptcy attorney, contact the Law Offices of Allen A. Kolber, Esq. today to schedule a consultation and discuss your options.
