How Much Does Chapter 7 Bankruptcy Cost

Posted by Wesley Scott on July 27, 2020 at 12:14 PM
Wesley Scott

Minneapolis_MN_Bankruptcy_Lawyer_Cost_It is natural to want to know how much a Chapter 7 Bankruptcy costs. What are the attorney’s fees and court costs? It can feel a little bit like getting smacked when you are already down. But let’s walk through a typical scenario. Let’s assume you have 50k in unsecured debt that is causing you an enormous headache. You decide to file Chapter 7 Bankruptcy and get your life back which is a smart move. Let’s assume further that your payments on the 50k in debt was $2400.00 per month. Finally, let’s assume you have 3 judgments that have already been entered against you.

At Kain & Scott, we charge you a total of $1,975.00 if you pay us up front. This includes $1,600.00 in attorney fees, and $375.00 for court filing fees, credit counseling courses, and credit reports etc. Now, if you would rather make payments to us after filing the bankruptcy case, you are required to get a third party to sign a third party guarantee for a total of $2,000.00 in attorney fees. You are required to pay the $375.00 up front because those are costs. But the balance of the attorney fees can be paid at 100/200 per month assuming someone signs a promissory note for you for $2,000.00.

However, we also give all clients a FREE 90 Day Credit Repair Program (a $3,250.00 value for free). In this program we remove judgments for no attorney fees, you only pay nominal costs. Most attorneys charge anywhere between $400-750 per judgment to remove a judgment. If you get charged $600.00 a piece to remove 3 judgments that is an extra $1,800.00 dollars! In comparison to others, our fees are very reasonable for what you receive.

Call Now for a Free Strategy Session from a MN Bankruptcy Lawyer at Kain & Scott                                          

When the time is right, or when you are ready to get your life back, reach out to Minnesota’s highest reviewed bankruptcy law firm at www.kainscott.com. You will be so happy you did!

 

 

A word from a MN Bankruptcy Attorney, Wesley Scott