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How Much Does it Cost to File Bankruptcy in Iowa?

On Behalf of | Dec 23, 2021 | Bankruptcy

The fees you might expect to pay to file bankruptcy in Iowa depend on the type of bankruptcy case you file. Additionally, different attorneys will charge their clients varying legal fees and costs. If you’re considering filing for bankruptcy, it’s important to understand the costs you might incur when choosing to file for Chapter 13 or Chapter 7 bankruptcy.

How Much Does Filing for Bankruptcy Cost in Iowa?

You could be responsible for certain fees and costs when you file for bankruptcy in Iowa, including:

Fees for a Bankruptcy Lawyer

If you hire a bankruptcy lawyer to assist you with your Chapter 7 case, attorney fees will likely be at least $1,500.

Filing for Chapter 13 bankruptcy may involve higher attorney fees.

Fees for Filing Bankruptcy with the Court

Aside from paying your attorney, you also have to pay the fees for filing for bankruptcy with the court. The total filing fees for the Southern District and Northern District of Iowa are below.

Chapter 7 bankruptcy

  • $338 filing fee

Chapter 13 bankruptcy

  • $313 filing fee

Additional Fees When Filing for Bankruptcy

You might also be required to pay additional fees and costs whether you file for Chapter 7 or Chapter 13 bankruptcy. These expenses can include:

  • Credit report – When you file for bankruptcy, you may have to provide a copy of your credit report. A complete report can cost around $20 from any of the major credit reporting agencies.
  • Credit counseling – Another requirement of filing for bankruptcy is attending and completing an approved credit counseling course. It can cost between $10 and $50, depending on the company you use. Most offer this course in person, over the phone, or online.

Options to Waive Filing Fees or Pay in Installments

You must pay all required fees when you file your bankruptcy petition in court. However, many people can’t afford the upfront filing fees. Depending on your specific circumstances, you could ask the court to waive the fees or agree to an installment plan.

If you want to proceed with an installment agreement, you must complete and file Form 103A stating that you’re unable to pay upfront for the total filing fees and want to propose a payment schedule. Your proposed schedule can’t exceed more than four payments. You also must pay the final installment within 120 days of filing your petition.

You must meet these requirements to request the court to waive the filing fee:

  • Your income is below 150% of the poverty line
  • You cannot pay the total fees in installments

You can complete and file Form 103B if you want to request a fee waiver. The judge could approve your application without scheduling a court appearance. However, some judges require an appearance to discuss the request.

These two options are not available if you’re filing for Chapter 13 bankruptcy.

How Could a Lawyer Help Me?

Although the filing process seems straightforward, it requires making the necessary payments and filing the appropriate documents. If you make an error, it could delay the entire process.

Your bankruptcy lawyer can review the circumstances of your bankruptcy case to determine the available options that can meet your needs. Your lawyer can also help you complete all required forms and file them with the court on your behalf.

Contact Telpner Peterson

If you’re considering filing for bankruptcy in Iowa, do not hesitate to speak with an experienced and knowledgeable bankruptcy lawyer from Telpner Peterson Law Firm, LLP.

Since 1952, we have helped clients like you get back on their feet after experiencing financial struggles. You can depend on our legal team to provide the services and representation you need.

Call us today at (712) 309-3738 for your confidential consultation.