How Much Does It Cost to File Bankruptcy in Florida?

Financial challenges can be overwhelming. For many individuals, bankruptcy becomes a viable option for a fresh start. Many clients are curious about the costs associated with filing bankruptcy in Florida. And many are also surprised to learn the process isn’t free.

What should you know about the cost of filing for bankruptcy and what are the fees associated with the process?

Filing Fees

One of the primary costs associated with filing bankruptcy is the filing fee. As of January 2022, the filing fees for bankruptcy in Florida are as follows:

• Chapter 7 Bankruptcy (approximately $340)
• Chapter 13 Bankruptcy (approximately $310)

It’s important to note that these fees are subject to change. It’s advisable to check the most recent fee schedule with the bankruptcy court or consult with a bankruptcy attorney.

Attorney Fees

While it’s possible to file for bankruptcy without an attorney, having professional legal representation can significantly enhance the likelihood of a successful outcome. Attorney fees for bankruptcy vary based on factors such as the complexity of the case and the type of bankruptcy being filed.

In Chapter 7 bankruptcy, attorneys charge flat fees. Costs range from a few hundred to over a thousand dollars. Chapter 13 bankruptcy often involves a structured fee arrangement.  You pay a portion of the fee upfront with the rest due throughout the repayment plan.

Credit Counseling and Financial Management Courses

As part of the bankruptcy process, individuals must complete credit counseling and financial management courses from an approved agency. These courses are relatively affordable with fees ranging from $20 to $50 per course. They are essential to the bankruptcy process.

Miscellaneous Costs

Depending on the specifics of your case, there may be additional costs. For example, you might have fees for obtaining credit reports, notary services, and any required document copies. These are low cost compared to filing and attorney fees. However, you should consider them part of the overall financial plan for bankruptcy.

Understanding the costs associated with filing bankruptcy in Florida is a crucial step in the decision-making process. While there are fees it’s essential to view bankruptcy as an investment in a more stable financial future. A qualified bankruptcy attorney can provide personalized guidance, help you navigate the legal complexities, and ensure that you make informed decisions throughout the bankruptcy process.

If you’re considering bankruptcy as a means of financial relief, don’t let the fear of costs deter you from exploring this option. Consult with a knowledgeable bankruptcy attorney who can assess your situation, provide a clear understanding of the associated expenses, and guide you toward a path of financial recovery. Remember, seeking professional advice early can save you time, stress, and potentially money in the long run.

For more information about the cost of filing for bankruptcy, or if you’d like to speak to someone about your options for dealing with debt, contact the Law Offices of Robert M. Geller at (813) 254-5696 to schedule a free consultation with an experienced attorney.