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Bankruptcy Filing Fees on the Rise June 1, 2014

The Judicial Conference of the United States approved amendments to the Bankruptcy Court Miscellaneous Fee Schedule, which will go into effect on June 1, 2014.  The amendment affecting most bankruptcy filers is an increase to the administrative fee assessed at the filing of every bankruptcy case.  The administrative fee will increase to $75.00 for chapter 7 and chapter 13 bankruptcy filings.

The increased chapter 7 filing fees consist of a $245 filing fee + $75 administrative fee + $15 trustee surcharge for a grand total of $335.00.  The complete filing fee of $335.00 is due at the time the case is filed with the court beginning June 1, 2014.  Currently the chapter 7 filing fee is $306.00.

The increased chapter 13 filing fee consist of a $235 filing fee + $75 administrative fee for a grand total of $310.00 due at the time the case is filed with the court beginning June 1, 2014.  Currently the filing fee for a chapter 13 is $281.00.

Filing fees for chapter 7 and chapter 13 cases last increased November 2011 from $299 to $306 for a chapter 7 and $274 to $281 for a chapter 13.  As with everything else in our economy the cost of filing bankruptcy continues to rise over time.

Recent Bankruptcy Filing Fee Increases

Effective Date

10/17/2005

4/9/2006

11/1/2011

6/1/2014

 

 

Chapter 7

$274.00 [$220 filing fee, $39 admin fee, $15 trustee surcharge] $299.00 [$245 filing fee, $39 admin fee, $15 trustee surcharge] $306.00 [$245 filing fee, $46 admin fee, $15 trustee surcharge] $335.00 [$245 filing fee, $75 admin fee, $15 trustee surcharge]
 

Chapter 13

$189.00 [$150 filing fee, $39 admin fee] $274.00 [$245 filing fee, $39 admin fee] $281.00 [$235 filing fee, $46 admin fee] $310.00 [$235 filing fee, $75 admin fee]

Increased filing fees should not deter debtors from scheduling a free in office bankruptcy consultation with our Kansas City bankruptcy attorneys.  The attorneys will review your situation and discuss with you whether bankruptcy is a good option for you in spite of increased filing fees.  Please contact us today to learn more about your bankruptcy options.

Kansas Chapter 7 and Chapter 13 Bankruptcy Median Income Levels Decrease, Missouri Varies Depending On Family Size

What does a change in Median Income Levels mean to you? As of November 1, 2012 the Median Income Levels are back down in Kansas. This comes after the Median Income rise we saw in May 1, 2012. In Missouri, the Median Income change reflects a decrease except for larger families. Despite the decreases, these… Continue Reading

Median Income Levels Increase Making Chapter 7 and Chapter 13 Bankruptcy More Obtainable In Kansas And Missouri

What does a rise in Median Income Levels mean to you? Starting May 1, 2012 the Median Income Levels went up in Kansas and Missouri. In addition the IRS National Standard Deductions changed. If you have been considering filing for Bankruptcy this means that you may be more likely to qualify for a Chapter 7… Continue Reading