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705 Douglas St. Suite 635 Sioux City, Ia 51101

What Is A Discharge?

A discharge is the final step in a bankruptcy. It simply means you cannot be required to pay back any debt that is not secured by property unless the debt is one of the rare exceptions that is non-dischargeable. Some debts are not dischargeable. These include child support, recent income taxes, withholding taxes, fines owed to the government and most student loans.

How Much Does A Bankruptcy Cost?

This office does simple Chapter 7 bankruptcies for a flat fee of $1,035.00.  This INCLUDES the $335.00 bankruptcy court filng fee but does not include the charge for filing notices in state court to stop the progression of any pending lawsuits and does not cover adversary actions or the removal of pre-bankruptcy liens from real estate.  When calling around and comparing prices, be sure to find out whether the price quoted includes the filing fee.  Some lawyers quote only the actual attorney fee then, at some later point, you find out that the filing fee was not included in the price quoted.  You should also be sure to find out what other charges might be incurred, for instance reviewing documents to determine whether you are "cross collateralized".  Finally, be sure what you are getting.  There are non-attorney "petition preparers" who appear to be inexpensive.  However, cheapest is not always best.  These preparers cannot appear at First Meeings of Creditors or perform other legal services that are often essential to bankruptcy.