Debt Elimination: Advice, Hints, and TipsUseful Information about Debt Elimination |
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Generally individuals file one of two types of bankruptcy. The first is a Chapter 7, or Liquidation. The second is a Chapter 13, or Debt Consolidation. (A Chapter 11 Reorganization is forbusinesses.) Attorneys in this area charge anywhere from $300 to $800 for a Chapter 7 and the filing fee is $175. Most attorneys want the fee paid in advance for a Liquidation. A Chapter 13 costs $160 to file and the attorney charges $900 to $1800. These fees are included in the debt consolidation plan.
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