What Is A Chapter 7 Bankruptcy Lawyer In Colorado Going To Cost Me?
“How much do you charge?” is the number one question I get. That’s what you’re here for. You want to know how much a Chapter 7 bankruptcy lawyer in Colorado is going to cost you. Let’s dive in!
First Things First
Like I said, this is the number one question I get. I’m happy to answer it, but I won’t answer it until I have a full understanding of a person’s financial situation. If you send me an email or leave me a voicemail asking that question, I’m going to ask you to schedule a free consultation.
During our 30 to 60 minute conversation, I’ll ask you several questions about your income, assets, debts, and expenses. We also need to go over certain financial transactions that might have taken place over the last 90 days to four years. Each of these factors can affect the complexity of a Chapter 7 bankruptcy case and how much time an attorney needs to spend to guide it to a successful conclusion.
Attorney Fees For A Chapter 7 Bankruptcy In Colorado
Given the nature of each individual’s financial situation, no two cases are the same. If you call my office asking how much it costs to file a Chapter 7, I can’t answer that. It depends. I don’t offer the same fee for every client that walks through my door, and I don’t expect any other Colorado Chapter 7 bankruptcy attorney does either.
Based on my observations over the last 12 years, Chapter 7 attorney fees range anywhere from about $500 to $2000 for a single filer with no business debt or mortgage or car loan. Other factors like being married, filing without a spouse, being self-employed, or facing foreclosure can increase that fee due to the increased work the case will need.
What Are The Others Costs Of A Chapter 7 Bankruptcy In Colorado?
Besides the attorney fee, there are other costs related to the filing of a Chapter 7 bankruptcy in Colorado.
First, there is the filing fee that the bankruptcy court charge everyone who files. Right now, the filing fee for a Chapter 7 bankruptcy is $338.00.
Second, everyone who files bankruptcy has to take two online financial management classes, one before you file and one after you file. There are hundreds of providers of these classes, and you can expect to pay around $50.00 for the classes.
Finally, your lawyer will need to request a credit report from the three major credit reporting agencies: Experian, Equifax, and TransUnion. The cost for a full report is around $25.00.
Let’s Talk About Value
This is the paradox that everyone who is considering filing bankruptcy faces: how am I supposed to pay for my bankruptcy if I can’t pay my debts. Yes, coming up with a good chunk of money is a challenge. But in return for those costs, you’ll be able to legally eliminate overwhelming credit card debt, personal loans, medical bills, and other consumer debt.
Oftentimes, the cost of a Chapter 7 bankruptcy in Colorado is a small fraction of the total debt someone owes. Looked at that way, Chapter 7 bankruptcy is a terrific value. Nowhere else are you going to be able to legally walk away from debt for pennies on the dollar.
Find Out How Much A Chapter 7 Bankruptcy Lawyer In Colorado Costs Today!
We offer free consultations to people who are thinking about Chapter 7 or Chapter 13 bankruptcy with an experienced Denver, Colorado bankruptcy attorney. Our consultations provide detailed about the bankruptcy process in general and your case specifically.
The easiest way to schedule an appointment at a time that is convenient for you is to go to our scheduling page.
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