How much money do I have to invest to start a bankruptcy?
If you are interested in filing for bankruptcy, chances are you are in financial trouble, and you don't have much money to start the process. In today's blog we are going to be talking about the amount of money you need to have to start a bankruptcy in the State of Florida. To file a bankruptcy petition in court, it is necessary to include, in conjunction with the bankruptcy petition, the filing fee. Depending on whether you are filing Chapter 7, 11, or Chapter 13 Bankruptcy, filing fees may vary. For Chapter 7 bankruptcy, the filing fee is $335, for Chapter 13 the filing fee is $310, and for Chapter 11 the filing fee is $1,717. If, for any reason, you are unable to pay this amount in full, you can request to the court, showing the appropriate reasons, to pay the filing fee in two equal payments. One of the requirements for filing a bankruptcy petition is that the debtor must complete a credit counseling course before filing the process and continue it after the filing. Depending on where you take the course, the amount to be paid will differ. I generally recommend that my clients take the course online, and it can cost between $25- $30. If you are going to file a Chapter 13, you have to keep in mind that in Chapter 13 there is a payment plan, so it is necessary that you have the money to be able to keep up with your monthly payment. If a mortgage modification is to be made through the MMM plan, you will need to have at least 31you’re your monthly income available to make the plan payments. Finally, considering that bankruptcy is an extremely technical process, you will need the assistance of an attorney. Many of the attorneys, like our office, offer flexible fee payment plans. Be wary of attorneys who offer zero entry to deal with your case. Many times, they hide the filing fee payments, or force them to pay the entire fee at the most technical point in the process, threatening to drop out of the process if they don't receive the money. At Y. Morejon Attorney, P.A. we provide personalized advice. We are a small law firm characterized by working directly with its clients, defending their interests. Call us and we will evaluate your case for free. At Y. Morejon Attorney, P.A. your problem is our problem.
Legal Disclaimer Any information made available by the lawyer or law firm is for educational purposes only, as well as to give you general information and general understanding of the law, NOT to provide specific advice. This does NOT create a relationship attorney-client between you and Y. Morejon Attorney, P.A. This information should NOT be use as a substitute for competent legal advice from a licensed professional attorney in your state.