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.
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.