Bankruptcy Secrets
Bankruptcy Costs
Clearly one of the main goals of the new bankruptcy law is to increase the cost of bankruptcy to the point that many people who crave it's relief will find it out of reach. In the past an average bankruptcy usually cost under $1,000. Some lawyers openly advertised $250 package deals.
Not only are the bankruptcy filing fees now higher, the cost of all the new paperwork your lawyer is required to handle will balloon the overall cost to double the old rate or even more.
Your lawyer will have to double check the financial information you provide which makes the whole procedure much more time-consuming and expensive.
