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How Much Does Bankruptcy Cost?

How Much Does It Cost To File For Bankruptcy in the Tampa Bay area?

This is probably the second most common question after "Do I Qualify For Bankruptcy"?  It makes sense that the cost of filing for bankruptcy is at the top of your mind. You are dealing with a difficult financial situation and you have to wonder "Can I afford to file for bankruptcy?"  

At Suncoast Law Office, we strive to offer excellent service at affordable prices to our clients throughout Tampa Bay (Pinellas County, Hillsborough County, and Pasco County).  We cannot guarantee your legal results (no law firm can), but we will devote all of our professional skill and training to get you the best possible result.

At Suncoast Law Office, we offer flat attorney fees for filing bankruptcy, which means that you pay one price from start to finish. Some law firms bill for legal services on an hourly basis. With hourly billing, your total legal costs can be hard to estimate because they will vary depending on how long it takes to resolve your case. We offer flat attorney fees to give our clients peace of mind as to how much they will pay.

Your exact cost of filing for bankruptcy with us will vary, depending on the type of bankruptcy case you file (Chapter 7 or Chapter 13) and the complexities of your particular case.  We will be able to tell you your exact cost after analyzing your financial situation during your free bankruptcy consultation.

How Can I Afford To Pay For My Bankruptcy?  

You may be asking yourself how in the world will you be able to come up with the money to pay for your bankruptcy.  Here’s how:

  1. Get started with Suncoast Law Office for $0 down.
  2. We’ll set you up with an affordable payment plan to pay your bankruptcy fees with payments that fit your budget.
  3. Stop struggling to pay debts that will be wiped out in your bankruptcy.
  4. Use your income tax refund.
  5. Obtain assistance from friends or family members.

Bankruptcy Is An Investment

Here's something to consider: Bankruptcy is not an expense.  It's an investment that can increase your net worth.

You may have heard of the term "net worth." Net worth is simply the value of all of your property minus the amount of all of your debts. Having a positive net worth is a good thing because it means that you have a nest egg that you can use for retirement, buying a home, or other important milestones.

Most things that you buy are expenses because you do not pay for them with the intention of improving your net worth. If you buy a flat screen television, your quality of life may improve because you can now watch your favorite shows in high definition quality, but a new television set will not help you to achieve your financial goals.    

On the other hand, if you wipe out your debts in bankruptcy, you immediately improve your net worth.  After receiving a bankruptcy discharge, you can stop worrying about your bill collectors and you can start planning for your future.  This is why people say that bankruptcy gives you a "fresh start" on life.