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cost of chp7 (1 viewing) (1) Guest
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TOPIC: cost of chp7
#7135
idsh82 (User)
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cost of chp7 7 Years, 3 Months ago Karma: 0  
What is the typical cost of a Chp7? I see adds for as low as $700, but most charge $2500. What is the going rate?

Also, if a person owns a business and that business is shut down, but has debt, would the owner need to file a corporate bankruptcy or a personal bankruptcy?
 
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Jacob (User)
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Re:cost of chp7 7 Years, 3 Months ago Karma: 2  
depends on whether creditors contest the BK estate. If they contest it die to preferences, illegal/prohibited payments or fraud, then the fees could be much larger. Also, dont forget that the BK trustee is entitled to fees, but they come from the BK estate and reduce the assets available to creditors. Estimate $2-4k minimum.
 
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