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.
If you have a high interest loan, see if you can restructure it to reduce the interest rate. It doesnât change the amount of principal you owe. It does decrease your interest expense, which increases your bottom line and equity, thus reducing your debt-to-equity ratio. 5.f your company has too much debt, here are six debt-reduction strategies: 1. Increase profitable sales. Assuming you know your costs and can increase your margins and sales volume without increasing overhead expenses, this increases your bottom line.