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How Much Does it Cost to File Bankruptcy?

Cost Comparison of Chapter 7 Bankruptcy and Chapter 13 Bankruptcy






  • Total Unsecured Debt of $50,000

  • Individual Chapter 13 Case will pay 100% of Unsecured Debt

  • Chapter 13 Plan will last 36 Months

  • No Equity in House or Cars which cannot be exempted

  • House Payment and Car Payments to be paid by Debtor Monthly (no arrearage owed)



Other interesting facts: 


During the course of a Chapter 13 case, a Debtor cannot incur new debt without Court approval. A Chapter 13 Debtor must commit all of his disposable income to the repayment of his debt during the course of the Chapter 13 case.


In a Chapter 7 case, the Court does not supervise a Debtor’s post filing activities. In addition, all monies earned by a Debtor after the case is filed belong to Debtor free of the dischargeable claims of creditors.


Generally speaking, most mortgage lenders will consider a Debtor for a mortgage 24 months after the entry of their Chapter 7 discharge.

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