Thinking about bankruptcy is stressful enough without wondering how much it will cost. If you’re considering filing in Texas, knowing what to expect can ease some of that pressure. You don’t want surprises when money is already tight.
Here’s a clear breakdown to help you understand what you might pay.
Court filing fees
Every bankruptcy case starts with a filing fee. It can also vary depending on what type of bankruptcy you’re filing it under. These are the base costs and they go directly to the court:
- Chapter 7 costs $338: This option is often for people who have little to no income and can’t repay their debts. It’s sometimes called “liquidation” bankruptcy because some non-exempt assets may be sold to pay creditors. Most filers, though, keep their basic property thanks to Texas exemptions.
- Chapter 13 costs $313: This type is for people who have a steady income and want to repay their debts over time. It’s known as a “reorganization” bankruptcy. You’ll follow a court-approved payment plan that lasts three to five years, which can help you catch up on missed payments like mortgage or car loans.
These fees are standard in Texas. If paying in full feels out of reach, you might qualify for a payment plan. In some cases, you can even ask for a waiver if your income is low enough.
Attorney fees
Most people work with a bankruptcy attorney to make sure the process goes smoothly. These fees can vary based on where you live in Texas and how complex your case is.
- For Chapter 7, attorney fees usually range from $2000 to $4000
- For Chapter 13, they range from $5000 to $7500
In Chapter 13, these fees can often be included in your repayment plan, which helps reduce the upfront cost.
Required courses
Texas filers must complete two credit counseling courses. One happens before filing and the other comes after.
- Each course typically costs $10 to $50
Make sure you use a provider approved by the Department of Justice so the court accepts your certificate.
Total cost and what to expect
If you’re filing for Chapter 7, expect to spend $2000 to $4000 in total. Chapter 13 usually costs more because of the longer process and repayment plan. It may sound like a lot, but it’s often a step toward a more stable financial future.
Everyone’s situation is different. If you feel unsure, consider reaching out to a local bankruptcy attorney. They can walk you through what your case might really cost. A quick conversation can bring clarity and help you decide your next move.