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.
Credit Damon Winter/The New York Times. 1  After assuring Americans he is not running for president âto make things unstable for the country,â the presumptive Republican nominee, Donald J. Trump, suggested that he might reduce the national debt by persuading creditors to accept something less than full payment.
Mr. Trumpâs companies had sometimes been able to retire debt at a discount because creditors feared they might default. But Mr. Trumpâs statement might show the limits of translating his business acumen into the world of government finance. The United States simply cannot pursue a similar strategy.