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.
Michael Sargent is a research associate at Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation. It only took 407 days for the nation to go from $17 trillion to $18 trillion in debt. The federal government hit a new milestone Friday: The total federal debt now tallies more than $18 trillion. Just six years ago when President Obama took office, total debt stood at $10.6 trillion, which means it now has increased by almost $8 trillionâroughly 70 percentâduring his tenure as president.