Bankruptcy Filing Fees To Increase
Bankruptcies are getting more expensive even for the bankruptcy court. Effective June 1, 2014, the fee to file consumer bankruptcy will increase by $29.00. Consumer bankruptcies include Chapter 7 Liquidation, which is commonly used to wipe-out unsecured debt, and Chapter 13 Reorganization, commonly used to repay missed mortgage payments, car loans, etc.
The filing fee for the Chapter 7 will increase from $306.00 to $335.00. The filing fee for a Chapter 13 will increase from $281.00 to $310.00.
This increase will apply to all bankruptcy cases nationwide including cases filed in the Richmond, Newport News, and Norfolk Divisions of the Bankruptcy Court here in Virginia.
The Judicial Conference of the United States, in charge of administering federal courts, approved the fee increases in March. Other fees increase for the filing of motions in a bankruptcy case have increased. Please talk to your attorney to see if they apply.
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