Debt can affect individuals and families in several ways. For many people, it means sleepless nights, constant worry, and harassing calls from debt collectors.
If you’ve been struggling with your finances and can’t see any way out of the hole, you may benefit by considering the option to file for bankruptcy.
It can take time and effort to complete the bankruptcy process, but once completed, it can provide relief from overwhelming debt obligations that may otherwise prevent you from moving forward with your life.
But how much will this relief cost you upfront and down the line? If you are already struggling to make ends meet, how can you pay the fees associated with filing for bankruptcy?
Here, we will consider how much it may cost to file for bankruptcy in Minnesota. We will also show how a competent Minnesota bankruptcy attorney can help you understand any potential fees so you can plan accordingly to get the debt relief you need.
How Much Is It to File Bankruptcy in Minnesota?
You will incur the cost of court filing fees and legal fees for the bankruptcy attorney who files your petition and represents you. The court filing fee for a Chapter 7 bankruptcy in Minnesota is $338: it’s $313 for a Chapter 13 bankruptcy.
Although you can file bankruptcy without the aid of an attorney, it’s recommended that you hire one to represent your interests. An experienced Minnesota bankruptcy attorney will be able to guide you through every step of the process and ensure that all of your creditors are duly notified of your intention to file.
The cost of working with an attorney can vary based on several factors, including your location and the details of your case. If you’re filing for Chapter 13, the attorney’s fees can often be included in your payment plan.
Attorney fees for a Chapter 7 bankruptcy can usually range from $1,500 to $3,000. Attorney fees for a Chapter 13 bankruptcy often range from $3,000 to $3,500. At Hoverson Law Offices, P.A., we can usually quote you a fee over the phone after gathering some details about your case.
Will Filing for Bankruptcy Be Worth It for You?
The decision to file bankruptcy can feel overwhelming and stressful. You may have many questions about the process and how it will affect your finances, but don’t worry—the skilled attorney at Hoverson Law Office, P.A. is here to help.
We understand your situation may be challenging, so we’re here to answer all your questions. Our team has more than 35 years of experience helping people who are facing financial problems recover through bankruptcy filings. We can tell you how much it costs to file for bankruptcy in Minnesota and answer any other questions you may have.
We target Minneapolis, Bloomington, and the surrounding Minnesota communities.