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The Fees Associated with Consumer Bankruptcy

When you decide to file for bankruptcy, the last thing you want to worry about is incurring even more debt in the process.

While filing for bankruptcy is not free, it doesn't have to be as costly as some people will have you believe. Although changes made to Bankruptcy Law in 2005 make the process somewhat more complicated, you may avoid incurring excessive costs by working alongside a Chicago bankruptcy attorney.

If you are behind on your bills, your business is in danger of closing its doors, or you are on the verge of losing your home, you should consider bankruptcy. Yes, you will have to pay an administrative fee when you file which may cost you, but paying this fee is cheaper than losing your home or continuing to accumulate interest and late fees on your credit cards.

Another expense you will incur when filing for bankruptcy is a small fee for credit counseling, which is a mandatory requirement when you file for Chapter 13 or Chapter 7. Still, this fee is not that expensive when you focus on the big picture; after you file for bankruptcy, you'll have control of your debt and finances.

To regain control of your financial situation, contact a Chicago bankruptcy lawyer from our office now!
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The information on this website is for general information purposes only. Nothing on should be taken as legal advice for any individual case or situation.

Main Office: 123 W. Madison Street, Suite 205 Chicago, IL 60602
Phone Number: (312) 427-3100