Explore the Mortgage101 Library
Check Local Mortgage Rates
Loan Program Choices
Use our calculator to find out your estimated monthly payment in advance: Enter the loan amount, interest rate, and length of mortgage.
Try our Mortgage Payment Calculator
The bankruptcy cost for a personal filing can vary, depending on the type of bankruptcy you file and the fees in your particular area. You may incur attorney fees, court filing fees as well as other administrative costs. If you file for bankruptcy and do not use an attorney, you can save a considerable amount in fees, however you will still have to pay all court costs. Make sure you have properly researched the filing procedure for your state if you choose not to hire an attorney.
Depending on the area in which you live, attorney’s fees can range from a few hundred dollars to over one thousand dollars. Some attorneys base their fees on the amount of debt included in your bankruptcy, while others only charge a flat fee for their services. Make sure to find out the exact fee structure before you settle on an attorney. You may be able to get a better deal by checking with other attorneys in your area.
There are also court filing fees involved that will add to the total cost of the bankruptcy. The amount may be different in your state for each kind of bankruptcy that can be filed.
- What Lenders Don't Reveal About Home Equity Loans
- Short Selling a Rental Property
- Home Equity Loans for People with Bad Credit
- Second Mortgages: Advantages and Disadvantages
- 3 Warning Signs of Loan Modification Scams
- 3 Common Short Sale Mistakes
- FHA Eligibility with Bankruptcy and Foreclosure
- Appraisal Basics
- How to Get Approved for an FHA Loan despite Bad Credit