Missouri Bankruptcy Filing Fees: What to Expect

When considering bankruptcy in Missouri, understanding the associated filing fees is crucial for financial planning. These fees can vary depending on the chapter of bankruptcy you are filing under, whether it's Chapter 7 or Chapter 13, and other factors like whether you are using a lawyer or filing pro se (on your own).

The standard filing fee for a Chapter 7 bankruptcy in Missouri is $338. This fee covers the administrative costs incurred by the court during the bankruptcy process. On the other hand, if you are filing for Chapter 13 bankruptcy, the filing fee is generally $313. Chapter 13 bankruptcy requires a more complex process as it involves creating a repayment plan, hence the variation in costs.

In addition to the filing fees, there are also other costs to consider. For instance, if you hire a bankruptcy attorney, their fees can add significantly to the overall expense. Legal fees can range widely based on the complexity of your case and the attorney's experience, typically falling between $1,000 and $2,500.

Another potential cost is the credit counseling course that is mandatory before filing for bankruptcy. This course usually costs between $20 and $100, depending on the provider chosen. Additionally, there might be fees for obtaining copies of your credit report if you require it for your bankruptcy petition.

If your financial situation prohibits you from paying these fees upfront, Missouri provides an option to request a fee waiver. You must demonstrate your inability to afford the fees. Alternatively, you might consider filing an application to pay the fees in installments, which allows you to spread the costs over time.

It’s essential to note that these fees are subject to change, and you should verify the current amounts with the U.S. Bankruptcy Court for the Western District of Missouri or the Eastern District of Missouri, depending on your location.

In summary, when filing for bankruptcy in Missouri, it’s important to budget not just for the basic filing fees of either Chapter 7 or Chapter 13 but also for potential attorney fees and additional costs such as credit counseling. By understanding these financial aspects, you can make more informed decisions about your bankruptcy filing process.