Bankruptcy Filing Cost in Massachusetts?
Anyone who is considering Massachusetts consumer bankruptcy may be wondering about the cost they will pay for an experienced bankruptcy lawyer. If you are considering a Chapter 7 bankruptcy or Chapter 13 bankruptcy case in Massachusetts, you might be considering moving forward in your case without an attorney, thinking that you can save money in the long run. However, it is important to understand that consumer bankruptcy cases can be extremely complicated, and individual consumers often struggle when they move forward with a case on their own. If you do not hire a lawyer, you could make an error in your filing that could delay or case or could put your bankruptcy discharge at risk.
Ultimately, the cost of hiring a bankruptcy attorney is often greatly outweighed by the benefit of having an experienced advocate to ensure that your bankruptcy case goes smoothly.
Average Cost of a Massachusetts Bankruptcy Attorney
The overall cost of hiring a bankruptcy lawyer will depend upon a number of factors, including the bankruptcy chapter under which you are planning to file, the complex issues in your specific case, and the filing fees for your specific bankruptcy case. In Massachusetts, bankruptcy lawyers, on average, charge between $1,000 and $1,700 to handle a consumer bankruptcy case.
Filing Fees for a Massachusetts Bankruptcy
Different types of bankruptcies have different filing fees. In addition to paying a lawyer, regardless of whether you handle your case with an attorney on your side or on your own, you will need to account for the filing fees. In Massachusetts, the filing fee for a Chapter 7 bankruptcy case is typically $335, while the filing fee for a Chapter 13 bankruptcy case is $310.
Costs of Failing to Hire an Attorney for Your Bankruptcy Case
If you do not hire a lawyer to assist with your bankruptcy case, you could be costing yourself more in the long run. First, you could end up filing for the wrong type of bankruptcy, and you could file a bankruptcy petition for a chapter for which you are ineligible. More significantly, you could make an error in your required bankruptcy paperwork. Consumer bankruptcy cases are complex and tedious, and they require specific federal and local materials and supporting documents. If you fail to file the proper materials and paperwork, or if you make a mistake in filling it out, you could cost yourself your bankruptcy case. In addition, without a bankruptcy lawyer’s help, you might not accurately account for your exempt property. As such, property that is actually exempt in a Chapter 7 bankruptcy case (i.e., not subject to liquidation) could be liquidated and sold for the purposes of repaying your creditors.
When you file for bankruptcy without an attorney and make even a small error, you could lose more money than if you hired an experienced Massachusetts bankruptcy lawyer from the start of your case.
Contact a Bankruptcy Lawyer in Massachusetts
When you are ready to file, it is critical to have an experienced Massachusetts bankruptcy attorney who can guide you through this complex process and can ensure that your bankruptcy filing adheres to all requirements under the U.S. Bankruptcy Code. Contact the Law Office of Rachel M. Matos for more information. (508) 386-9094.