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Chapter 7 and Chapter 13 bankruptcy filing fees increase

Posted on Wednesday, October 19th, 2011 at 9:45 pm    

Effective Nov 1, the federal government is set to raise filing fees and institute new median income numbers for Chapter 7 and Chapter 13 bankruptcy.  This change will make the process of filing more expensive and more difficult.

Today, there is a $229 filing fee for Chapter 7 and a $274 fee for Chapter 13 bankruptcy.  Starting Nov 1, these fees will raise to $306 for Chapter 7 and $281 for Chapter 13.  Though only small increases, this change also lowers the qualifying median income for each family affecting their eligibility to file for Chapter 7.  Such a change could mean someone being required to file under a much more lengthy Chapter 13 case lasting up to 3-5 years.

If you or a loved one needs to file for bankruptcy, it is important to speak with a bankruptcy lawyer during the month of October before the fees increase.  Contact the Joliet bankruptcy lawyers at the Law Office of Stuart B. Handelman at 815-722-2201 today.