How Much Does it Cost to File for Bankruptcy?

The cost to file for bankruptcy varies widely from case to case. It depends on the amount of debt you have, your ability to repay it, and more. 

If you’re already struggling with debt, the idea that it costs money to file for bankruptcy may be daunting. But if you need extra help to get back on your feet and get a fresh financial start, it could still be the best choice for your situation.

Understanding your options helps you decide and choose the best action for your situation. This is a difficult and stressful situation – but the OlsenDaines team is here to help. 

To help you get started, there are some factors that contribute to the cost of bankruptcy:

1. Bankruptcy Lawyers

The process of filing for bankruptcy is complicated and can be very difficult. Bankruptcy lawyers are specialized in this process and help you navigate through it. They will make sure you follow local filing rules and represent you in bankruptcy court. Naturally, these services cost money, and these costs vary.

2. The Type of Bankruptcy

There are two types of bankruptcy that most individuals may file: Chapter 7 and Chapter 13. Chapter 7 attorney fees typically run in the thousands of dollars. Meanwhile, Chapter 13 fees generally cost a little more than Chapter 7.

Depending on which chapter of bankruptcy you are filing for, you may not need to pay all of your attorney fees up front. With Chapter 7, you usually must pay your fees in full before filing. But with Chapter 13, you can often pay in installments as part of your repayment plan.

The bankruptcy filing you need depends on several factors. These include your total debt, whether you want a repayment plan, and if you need to liquidate assets. 

If you aren’t sure which type of bankruptcy you should choose, our skilled attorneys are here to help! With over 46 years of experience in Oregon, we understand bankruptcy laws well. We can guide you through the process smoothly.

3. The Amount and Type of Secured Debt You Have

Having a lot of secured debt can make it harder to change your payment plan or negotiate with creditors. Secured debts, such as mortgages and car loans, are backed by collateral that can be repossessed if you fail to make payments.

4. The Number of Unsecured Creditors You’re Tied to

The likelihood of following up with any particular creditor during the case is also a factor here. Unsecured debts include credit card balances, medical bills, and personal loans. These debts are not backed by collateral.

So having more unsecured creditors can require more time and effort. You’ll need to negotiate with each one and come up with a repayment plan.

5. The Type and Amount of Income You Make

If you have a steady income (from your wages, businesses, etc.), you might repay some debts with Chapter 13 bankruptcy. This option can cost more than Chapter 7 bankruptcy.

On the other hand, if you have little or no income, you may qualify for a Chapter 7 bankruptcy. This can be less costly but may require you to liquidate some of your assets.

6. Your Record Keeping Status and Documentation Issues

Having organized records helps a lot. If you can easily share documents like tax returns, pay stubs, and bank statements, it speeds up the bankruptcy process. This can also lower costs.

However, if your records are incomplete or not well-organized, it might take extra time and effort to collect the information you need.

7. Bankruptcy Filing Costs

The filing process itself also costs money. Chapter 7 bankruptcy filing costs a few hundred dollars as of 2025; Chapter 13 costs slightly less. 

8. Mandatory Course Costs

The state of Oregon requires two counseling courses. You must take one before and one after filing for Chapter 7 or 13 bankruptcy. There is a small fee for these courses, which varies depending on where you take them. 

9. Pre-Bankruptcy Planning

Taking proactive steps to manage your debt before filing can help reduce the complexity and cost of your bankruptcy case.

During pre-bankruptcy, you might need to work with a financial advisor or attorney. They can help you reorganize your finances, negotiate with creditors, and look into other debt relief options before you file for bankruptcy. 

Affordable Bankruptcy Attorneys in Oregon & Washington

Don’t let all of this overwhelm you. And don’t let fees hold you back from getting the help you need. Bankruptcy is actually a powerful tool to get you on the right path to financial freedom.

At OlsenDaines, we provide free legal consultations. During this time, we’ll review your situation and talk about payment options. You won’t pay anything upfront. Our firm has also made a commitment to value-based pricing so we can remain as affordable as possible.

At OlsenDaines, our attorneys chose to be bankruptcy lawyers for one main reason: we want to help our neighbors regain their financial footing. We love helping our community thrive. That’s why we keep our services affordable. We offer free consultations and value-based pricing. 

If you are looking for experienced and affordable bankruptcy attorneys, we have you covered. Just contact us today to schedule your free initial case evaluation.

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