If you’re considering bankruptcy, one of the first questions you probably have is, “How much will it cost?” While filing for bankruptcy is often a way to regain financial stability, it’s understandable to be concerned about the upfront expenses involved.
The good news is that bankruptcy is often far less expensive than continuing to struggle with mounting debt, late fees, collection actions, and wage garnishments.
At Berken & Cloyes, our experienced Denver bankruptcy attorneys help Colorado residents understand every cost associated with filing so there are no surprises along the way.
Court Filing Fees
Every bankruptcy case requires payment of a filing fee to the U.S. Bankruptcy Court. These fees are set by the federal court system and are generally the same regardless of where you file in Colorado.
As of 2026, the filing fees are:
- Chapter 7 Bankruptcy: $338
- Chapter 13 Bankruptcy: $313
In certain situations, qualifying Chapter 7 filers may be eligible to pay the filing fee in installments or request a fee waiver if they meet specific income requirements.
Attorney Fees
Attorney fees are another important cost to consider. The exact amount varies depending on the complexity of your financial situation, the type of bankruptcy you file, and whether your case involves additional legal issues.
Some factors that can affect attorney fees include:
- The type of bankruptcy (Chapter 7 or Chapter 13)
- The number of creditors involved
- Business ownership
- Real estate holdings
- Tax debt or other complex financial matters
- Whether creditors challenge your bankruptcy filing
While it may be tempting to file bankruptcy without legal representation, mistakes on bankruptcy paperwork or missed deadlines can lead to delays, dismissed cases, or the loss of important legal protections.
Working with an experienced bankruptcy attorney can help ensure your case is handled properly from start to finish.
Credit Counseling and Debtor Education Courses
Federal law requires individuals filing for bankruptcy to complete two educational courses.
These include:
- A credit counseling course before filing
- A debtor education (financial management) course before receiving a bankruptcy discharge
These courses are offered by approved providers and typically involve a modest fee. In some cases, fee reductions or waivers may be available based on income.
Additional Costs That May Apply
Depending on your circumstances, there may be additional expenses associated with your bankruptcy case.
These could include:
- Credit report fees
- Document copying and mailing costs
- Property appraisals, if necessary
- Vehicle valuation reports
- Costs related to obtaining financial records
Most bankruptcy cases involve only minimal additional expenses, but more complex cases may require additional documentation.
Chapter 7 vs. Chapter 13 Costs
While Chapter 7 generally has a slightly higher court filing fee, Chapter 13 often involves additional financial considerations because it includes a court-approved repayment plan lasting three to five years.
In Chapter 13 cases:
- You make monthly payments through a bankruptcy trustee.
- Trustee administrative fees are generally paid through your repayment plan.
- Attorney fees may sometimes be paid over time through the repayment plan rather than entirely upfront.
Your bankruptcy attorney can explain how these costs apply to your specific case.
Is Bankruptcy Worth the Cost?
Many people hesitate to file because they’re worried about paying filing costs while already struggling financially. However, delaying bankruptcy can sometimes become even more expensive.
Filing bankruptcy may help stop:
- Creditor harassment
- Collection lawsuits
- Wage garnishments
- Foreclosure proceedings
- Vehicle repossessions
- Accumulating interest and late fees
For many individuals and families, the financial relief provided through bankruptcy far outweighs the initial filing expenses.
Why Choose Berken & Cloyes?
At Berken & Cloyes, we believe that understanding the bankruptcy process starts with understanding the costs. During your consultation, we’ll review your financial situation, explain your options, discuss the expected expenses, and answer any questions you have about bankruptcy filing.
Our goal is to help you make informed decisions and develop a strategy that puts you on the path toward financial recovery.
If you’re wondering whether bankruptcy is the right solution or what your case may cost, contact Berken & Cloyes today. Our experienced bankruptcy attorneys proudly serve clients throughout Denver and across Colorado. Call 303-623-HELP to schedule your consultation.
