Bankruptcy Filing Fees Will Increase on June 1, 2014

Bankruptcy_Petition_iStock_000008359066XSmallStarting on June 1, 2014, the fees required to file for bankruptcy will increase. Here are the new amounts:

Chapter 7 bankruptcy:  $335 (up from $ 306)

Chapter 13 bankruptcy:  $310 (up from $281)

Chapter 12 bankruptcy:  $275 (up from $246)

In addition to these fees, you’ll also have to pay a small amount to participate in pre-bankruptcy credit counseling and pre-discharge debtor education.  The cost for each of these services usually ranges from free to $50. (Learn more about the procedures to file for bankruptcy.)