Although bankruptcy is a powerful remedy for anyone that qualifies to use it, it is not without its costs. For example, as of 2012, the filing fee for Chapter 7 bankruptcy is $306. This may present a barrier for some individuals who cannot afford to make such a large lump sum payment.
For this very reason, bankruptcy courts permit you to submit an application certifying that you cannot make a lump sum payment and requesting installment payments. You can request a maximum of four payments. Read more about how to apply to pay your filing fee over time.
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