That money goes to the court clerk. The filing fees do not absolutely have to be paid in advance, but I do strongly recommend it. The filing fee for Chapter 11 is $1,717.00. The attorney fee for a Chapter 7 is usually between $1,000.00 and $1,500.00, depending on how complicated the case is. Some newer attorneys and high-volume attorneys do charge less, but as with most things, you get what you pay for. For business cases and other complicated situations, the fee could be much higher.
Trump's Debt Reduction Plan Will Increase It by $5.3 Trillion. Donald Trump's plan to reduce the debt will instead add $5.3 trillion. US Economy. Donald Trump promised to reduce the nation's $19.5 trillion debt by growing the economy and reducing waste in federal spending. Instead, his policies will increase the debt by $5.3 trillion. Here are his plans to reduce the debt, and how they will impact the U.S. economy.
Donald Trump says he can make a deal on America's debt. Last week, he implied that he could negotiate with America's creditors to get them to accept a lower rate of repayment, such as 85 cents for every dollar. It sounds shrewd, until you think about who would get hurt under this scenario. Who exactly owns the $19 trillion-plus of U.S. debt? There's been a lot of attention in recent years over China rising to become one of the largest holders of U.S. debt. China's share of the debt is sizable -- about 7% -- but it's hardly the largest holder of U.S. government bonds.