Bankruptcy isn’t free because it involves a significant amount of time, resources, and expertise to file and process a bankruptcy case.
The following factors contribute to the cost of filing for bankruptcy:
- Legal Fees: Bankruptcy lawyers charge fees for their services, which typically include preparing and filing the bankruptcy petition, representing you in court, and providing legal advice throughout the process.
- Court Fees: There are filing fees required by the bankruptcy court, which can vary depending on the type of bankruptcy you’re filing and your specific circumstances.
- Credit Counseling Fees: Before you can file for bankruptcy, you are required to complete a credit counseling course, which may come with a fee.
- Other costs: There may be other costs associated with filing for bankruptcy, such as the cost of obtaining credit reports or paying for court-appointed trustees.
Keep in mind that the costs of filing for Utah bankruptcy can vary greatly depending on the complexity of your case and where you live, so it’s important to get a quote from an experienced Utah bankruptcy attorney before making a decision.
In Utah choose the Law Office of Douglas Barrett, we offer a FREE Consultation and can discuss your best option for a low cost budget bankruptcy.