You might be surprised to discover that it costs less than $2,000 to file a first-time Iowa Chapter 7 bankruptcy action. This amount also includes the costs of hiring an Iowa bankruptcy lawyer. Depending upon your financial state, you can even pay in monthly increments over time. While the information below is general, speaking with a bankruptcy lawyer in Iowa can provide clarity for your specific situation.
There are out-of-pocket expenses that come with filing for bankruptcy in Iowa, like every other U.S. state. They are typically limited to filing fees, credit counseling, copies of credit reports, and legal representation.
If you are planning to budget your bankruptcy fees, consider the information below:
After reviewing the details presented above, it is reasonable to conclude that you will spend around $1,665 to file for Chapter 7 bankruptcy in Iowa with the help of a bankruptcy attorney.
If it sounds impossible to afford the costs of filing for bankruptcy and legal representation upfront, you may feel assured in knowing that there are options available to make them more flexible.
Here are a few tips that allow you to manage the costs of filing a Chapter 7 bankruptcy action in Iowa:
U.S. Federal Bankruptcy Codes support the affordability of filing for chapter 7 since filers are already experiencing liquidity issues. It also improves your chances of future financial success without the added stress of paying legal fees upon the discharge of your debts.
If you have questions about the costs of filing for a Chapter 7 bankruptcy in Iowa or otherwise, The Smith Law Firm, PC invites you to contact our legal team for a free consultation by calling (515) 451-1260 or sending us a message through our online contact form.
The Smith Law Firm, PLLC