New Bankruptcy Court Fee Schedules
Effective November 1, 2011, a new fee schedule will apply to all bankruptcy cases. The Judicial Conference of the United States agreed on the fee increases in mid-September and will use the proceeds generated to fund Judiciary needs. Here’s a look at the new fees, the old fees, and what the changes might mean for you.
New Bankruptcy Fees
Most bankruptcy filers’ primary concern is the fee charged to file the bankruptcy petition with the court.
Chapter 13 bankruptcy: Formerly $274, the fee is now $281.
-Chapter 11 bankruptcy: Formerly $1,039, the fee has been raised to $1,046.
-Chapter 7 bankruptcy: Formerly $299, the fee has been raised to $306.
–Luckily for most filers, the total increase in basic filing fees is not drastic; however, some critics of the bankruptcy system have complained that the fees were already prohibitively high for individuals truly struggling to make ends meet.