How Much Will Bankruptcy Cost?

How Much Will Bankruptcy Cost?

At McGohey Law, PLLC, prospective bankruptcy clients routinely ask us, “how much will it cost to file for bankruptcy?”  or “How much do you charge for a bankruptcy?” We wonder if these clients would ask a strange doctor, “How much will it cost to do the surgery?”  Probably not, but the question is almost the same.

The doctor does not know your circumstances, what type of surgery you may need (if you need surgery at all) and what resources you have available to try to pay for the surgery.  Likewise, when you call and ask us “how much will it cost to file for bankruptcy?” we do not know your circumstances, what type of bankruptcy you may be eligible for (if you are eligible at all) and what resources you might have available to pay for the bankruptcy.



As someone in financial distress, cost seems like the most important question to ask us because you may think that you cannot afford to file for bankruptcy.  You also may think that what a lawyer charges for this service is the most important factor in selecting a lawyer (it is not).  If you are most concerned with the number, you may be putting the cart before the horse.

So how much will it cost to file for bankruptcy?  The short answer is: it depends.

What does it depend on?  There are a lot of factors, but the easiest way to summarize what we will need to know to tell you how much bankruptcy will cost in your case is:

-your income;

-your assets;

-your debts; and

-your expenses

When we have a good understanding of these four areas of your financial circumstances we will be able to tell you if we think bankruptcy is appropriate in your case and, if so, what type of bankruptcy we recommend.  We will then discuss with you your options for payment, including legal advice as to what debts to pay and not pay in the months leading up to bankruptcy.

This is why the initial consultation in bankruptcy is free to you (in our office, by phone, Skype or FaceTime).  We want to understand your situation so we can answer basic questions about the bankruptcy process, including what it will cost, and how you might be able to pay for it (even when you think you cannot afford it).  Even though our work has already begun when we counsel you about these issues, we do not charge for this work unless you ultimately decide to go forward with the bankruptcy.

To learn more about your options, call McGohey Law, PLLC today at (603) 657-7157.

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