How Much Does It Cost to File Bankruptcy in Watertown?

Watertown Bankruptcy Costs Vary

Like other people who file for bankruptcy, the biggest question you probably have is how much it will cost.

There are actually two types of bankruptcy: Chapter 7 and Chapter 13, and because each is unique, the cost varies. Therefore, the amount paid will depend largely on which type of bankruptcy you file.

By talking to a Watertown bankruptcy attorney, you will gain tremendous insight. For instance, filing fees are your responsibility, and they will cost somewhere around $300. In addition, bankruptcy laws changed several years ago, and, as such, you are required to take a “Credit Counseling” course. Depending on the circumstances, you may need to complete a “Debtor Education” course as well. Each of these courses costs between $25 and $150.

Documentation for Filing Bankruptcy in Watertown

As part of the process, your Watertown bankruptcy lawyer will advise that copies of certain documents are required, as well as a recent credit report. For instance, the attorney will need to see seven months of paystubs, two years of tax returns, titles to vehicles, and the recorded deed and mortgage to your home. You will also pay to have photocopies of these documents made and  a credit report run.

Sometimes, the court will place a lien on a home. If that happens in your case, you will have to pay additional legal fees. Keep in mind that you are not in this alone. The Harris-Courage & Grady Solutions teams will be by your side throughout the entire process.

The bottom line is this: To file for bankruptcy, the amount that you ultimately pay will vary based on several factors. Even though you are the one who pays the expenses, in comparison to the debt owed, it is a small sacrifice to make.

To get more answers or to schedule a meeting with a top-rated Watertown bankruptcy lawyer, we invite you to contact us today at (315) 836-2065. Your phone call is free and your personal information is protected. Our goal is to make bankruptcy less stressful, which is why we offer payment arrangements so you do not need to worry about spending money upfront.

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