Q:

How much does a chapter 7 bankruptcy cost?

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Quick Answer

As of 2015, the total cost for a Chapter 7 bankruptcy is $335, which include a $245 case filing fee, a $75 administrative fee and a $15 trustee surcharge, according to United States Courts. Comprehensive information about the costs and procedure for Chapter 7 bankruptcy is available on the website of the U.S. Bankruptcy Court.

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Full Answer

Individuals who want to file for Chapter 7 bankruptcy may request to pay the fees in installments if they can prove that paying the entire sum can result in financial hardship, states U.S. News & World Reports. Besides paying the fee, those filing for bankruptcy under Chapter 7 also need to take a personal financial management course and obtain credit counseling.

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