How Much Does It Cost To File Bankruptcy In Texas

At Weber Law Firm, we empathize the stressful and trying times you experience during a defalcation. Nosotros realize that bankruptcy fees and costs are another thing to worry about and we accept tried to conspicuously define all bankruptcy fees and costs as there are both legal costs and courts costs associated with your bankruptcy filing. Please read beneath so you may rest assured and eliminate whatsoever further surprises in your life. Further, in an effort to go along the bankruptcy process affordable, we have implemented a new fee structure. For low income individuals (people that earn at least 25 per centum less than the Texas land median income, the fees charged will be lowered back to the pre-bankruptcy reform levels.

If you research the fees charged by any other in the greater Houston, Galveston or Bryan / College Station area, you should discover that our Chapter vii fees are the lowest for any lath certified bankruptcy lawyer. Please let us know if any other attorney (board certified or not) quotes a lower fee. Nosotros volition do our best to lucifer or shell other quoted fees.

What is the toll to file a Affiliate seven Bankruptcy Case?

$1,300 plus the filing fee (includes instructions on how to obtain 3 costless credit reports – see details below). This fee structure will apply to the post-obit types of cases:
(1) xx Percentage Below Median Income. The total combined household income for every member of the household during the six calendar months prior to the bankruptcy filing, and during the foreseeable future, must be at least 25 percentage beneath the Texas country median income for a household of the same size. Y'all must count as income any funds paid by whatsoever other person on regular ground for the household expenses, fifty-fifty if the person making the payments does not intend to file for defalcation. See the Texas country median income table to determine if you lot come across this criteria.
(2) 10 or Fewer Creditors. You must have a total of 10 or less creditors.
(three) All Assets Exempt. All assets must exist exempt from seizure under applicable state or federal constabulary. Nosotros volition assistance you determine whether your assets are exempt. All assets are exempt in 99 percent of all bankruptcy cases.
(4) No Businesses or Business Assets. The person that files for bankruptcy must non have a significant business operation or business assets at the time the instance is filed.
(v) Tax Cases. Cases involving the discharge of federal, state or local taxes are excluded from this fee construction. Tax claims tin can exist discharged in bankruptcy if the tax debt meets certain criteria (See, Discharging Tax Debts in Defalcation). Yet, processing cases involving an attempt to discharge tax claims requires that we: (a) obtain tax transcripts and/or records of business relationship from the IRS or other revenue enhancement authorities, and (b) engage in a detailed and time consuming analysis, on a yr by year basis, of the dischargeability of the taxation.
(6) Payment of Fees and Costs. Y'all will pay an initial retainer fee of $200 when you retain our role to handle your case. All fees and costs must be paid, and yous must provide u.s.a. with all information needed to file your case, inside 90 days later the initial interview. If the case is not filed within 90 days subsequently the initial interview, the full fee will be higher.

(seven) Computer and Email Capabilities. You must take a personal computer (PC or Mac), take the noesis and ability to correspond via e-mail, and the ability to open, view and print files in PDF format (Public Domain Format). Feel has taught us that it is much more than difficult, time consuming and expensive to communicate with clients via U.Southward. mail, or when the customer is repeatedly required to visit the role to review or deliver documents in person. It is much more efficient and less expensive to communicate with clients that have calculator and e-mail skills. We will handle most correspondence via electronic mail and telephone, except for the initial interview, and the terminal review and signing of the bankruptcy documents.

Free Credit Reports Included.
Nether the Off-white and Accurate Credit Transactions Act (FACT Deed) consumers can request and obtain a free credit report one time every 12 months from each of the 3 nationwide consumer credit reporting companies. As office of our service, we will assist y'all obtain your current credit report from each of the 3 major national credit reporting bureaus. At that place will exist no additional charge so long equally yous have not already obtained a gratis credit report during the prior 12 months pursuant to the FACT Act.

In that location is a website (Annualcreditreport.com) jointly operated past the iii major U.S. credit reporting agencies (Equifax, Experian and TransUnion). Information technology was created to facilitate compliance by the credit reporting agencies with their obligations nether the FACT Act and provide consumers with a mechanism to receive a free almanac credit written report. You may obtain a copy of your credit reports past using this website.

All other cases, including cases involving meaning avails, loftier income debtors (income to a higher place Texas land median income), or significant pre-defalcation planning, volition involve a higher fee. We tin non requite a precise fee estimate on such cases until we personally discuss your case.  Nonetheless, nosotros will be happy to provide you with a rough range of the expected fee amount by discussing your case over the phone before you come to the office.

What is the cost to file a Chapter 11 Defalcation Case?

Chapter 11 cases are much more difficult and expensive that Affiliate vii and 13 cases. The procedures and certificate requirements are much more complicated and time consuming. All Affiliate 11 cases are different and practise non lend themselves to the utilise of standard boilerplate forms. As a effect, it is incommunicable to handle a Chapter 11 case on a flat fee ground. All lawyers in all Chapter 11 cases are required to piece of work on an hourly basis and justify their fees to the court. The lawyer must kept detailed records of all fourth dimension spent in 1/10th of an hour increments. The lawyer is required to periodically file a fee application requesting the court to approve the payment of fees and costs.

Nosotros do not change an initial consultation fee for Chapter 11 cases unless the initial meeting is expected to terminal longer than one 60 minutes. In an extended coming together is anticipated, the total initial consultation fee will normally range between $250 and $300. This fee will ordinarily cover several hours of time. If yous determine to go on with the case, most cases normally require the deposit an initial servant fee of between $10,000 and $25,000, depending on the complexity of the case. Many cases also usually crave boosted monthly payments, which are deposited into our trust account, and are not disbursed until the court bug an order blessing the payment.

What is the cost to file a Chapter 13 Defalcation Instance?

In most Chapter 13 cases, a portion of the attorney fee is normally paid before the case is filed. The remaining fees are ordinarily paid after the case if filed, as office of the bankruptcy programme payment.

Pre-Filing Retainer. In chapter 13 cases, the total pre-filing fee will vary betwixt $0.00 and $500 depending on the merits of the example. We may request a pre-filing retainer fee in excess of $500 if you are a repeat filer (a person that has had another defalcation example pending at any time during the year prior to the date the new defalcation case is filed) or if there are other problems that brand the case extremely complex or difficult. You volition unremarkably have several months to pay any pre-filing retainer fees unless a foreclosure sale of your home has already been scheduled.
The merits of the case will largely depend on your ability and willingness to make programme payments. Your power to make plan payments depends on the stability and amount of your income. Cases involving persons with fluctuating or irregular income are difficult and likely to fail. Cases involving salaried persons with regular, stable and long term employment are much more than probable to succeed.

Full Fee. The total fee for handling a consumer Chapter xiii case is normally $4,500 (plus the courtroom filing fee), depending on the complexity of the case. This is the standard apartment fee amount established past the Bankruptcy Court. This is customary fee charged by most attorneys in the Southern Commune of Texas. Commonly, the majority of this fee is paid in installments as part of the bankruptcy plan payments.

Court Costs

The current bankruptcy courtroom filing fees are every bit follows:

• Affiliate 7 Bankruptcy Cases: $335
• Chapter 11 Bankruptcy Cases: $i,717
• Affiliate 12 Bankruptcy Cases: $275
• Chapter 13 Defalcation Cases: $310

These costs are paid to the clerk of the bankruptcy court. Weber Law Business firm, P.C. does not keep whatsoever portion of the filing fee. For cases filed by individuals (not corporations or partnerships) the payment of the filing fee can be deferred by requesting the courtroom to allow the filing fee to be paid in installments. The number of proposed installments may not exceed four (iv), and the final installment must be paid not afterwards than 120 days after filing the bankruptcy petition with the court.

Source: https://weberlaw.com/debtor-representation/what-are-bankruptcy-fees-costs-houston/

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