If you are overwhelmed with debt, filing for bankruptcy may help bring some much needed relief. However, bankruptcy is not right for everyone and you should consult with a Tampa bankruptcy attorney before taking action. If you decide to move forward with bankruptcy there will be some requirements you have to satisfy prior to the bankruptcy court accepting your petition. Additionally, there will likely be costs to file Chapter 7, which must be paid prior to filing your case. For more information on the costs to file Chapter 7 or Chapter 13 bankruptcy contact a bankruptcy law firm in Tampa.
Costs to File Chapter 7 Bankruptcy
In Florida, there are filing fees associated with filing either Chapter 7 or 13, no matter which area of Florida you file your case in. Filing fees in the Northern, Middle, and Southern Districts of Florida will all be the same, since it is federal law. Keep in mind that these filing costs are separate from any attorneys’ fees if you choose to hire a bankruptcy attorney to handle your case. The filing fee for a new Chapter 7 case is $335, and to reopen a Chapter 7 case, the fee is $260. If you want to convert your Chapter 7 business case to Chapter 11, there is a $922 conversion fee.
Costs to File Chapter 13 Bankruptcy
The filing fee for a new Chapter 13 case is $310, and to reopen a Chapter 13 case, the fee is $235. If you want to convert your Chapter 13 case to Chapter 7, there is a $25 conversion fee. You can access the fee schedule for the Middle District of Florida (Tampa Bay area, Jacksonville, and Orlando) at http://www.flmb.uscourts.gov/filingfees/, for the Northern District of Florida (Gainesville, Panama City, Pensacola, and Tallahassee) at http://www.flnb.uscourts.gov/sites/default/files/filing_fees/filing_fees.pdf, and the Southern District of Florida (West Palm Beach, Fort Lauderdale, and Miami) at http://www.flsb.uscourts.gov/wp-content/uploads/LRFG/Clerks_Instructions/Clerks_Summary_of_Fees_(CI-2).pdf.
Credit Counseling Course Requirement for Chapter 7 and Chapter 13
Whether you want to file chapter 7 or chapter 13, you must complete a “credit counseling course” within 180 days prior to filing your bankruptcy petition. Bankruptcy judges are very strict with this requirement. If you take the course more than 180 days prior to filing, the court will make you take the course again. A bankruptcy attorney in Tampa can help you locate schools approved by the Court in your area.
Documents for Chapter 7 and Chapter 13
Additionally, prior to filing bankruptcy, you should compile the following information and documents:
- a list of all your creditors, the nature of the debt, the amount owed to each, and their mailing addresses.
- Your source of income, how often you are paid, and how much you are paid. Additionally, the same income information will be required for your spouse, even if your spouse is not filing bankruptcy with you. This is required in order for the court, the trustee, and your creditors to determine your household financial situation.
- A list of all your property (including real estate and personal items).
- A detailed list of your monthly living expenses, such as food, shelter, clothing, transportation, taxes, medicine, etc. These expenses must be reasonable and necessary for family maintenance.
Bankruptcy Law Firm
At Florida Law Advisers, P.A. we understand that filing for bankruptcy can be a very confusing and intimidating process. That is why we work so hard to make the process as easy as possible for our clients. When you hire Florida Law Advisers, P.A., you get an experienced Tampa bankruptcy lawyer by your side throughout every phase of the bankruptcy process. We will help ensure your rights are protected, keep you well-informed every step of the way, and help you receive the utmost protection bankruptcy can offer. To schedule a free consultation with a bankruptcy lawyer in Tampa call us today at 800 990 7763.