Cost of Bankruptcy: An Attorney

Contributed by mm | October 3, 2006 12:36 AM PST

From Bankrate, which is running a revealing series about how much a bankruptcy will truly cost.

From Bankrate:

Attorney fees vary from state to state. Brad Botes, consumer bankruptcy attorney in Birmingham, Ala., and former executive director of the National Association of Consumer Bankruptcy Attorneys, found that most practitioners around the country charge as little as $600 to $700 for a Chapter 7 bankruptcy, up to as much as $3,500.

For Chapter 13 bankruptcies, many courts set a fee limit based on local rule or general order, according to Jane Limprecht, spokeswoman for the Executive Office of the U.S. Trustees, which oversees administration of bankruptcy cases.

...

Botes says costs for Chapter 13 cases have ranged from as low as $1,500 to as high as $3,500.

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