How much does it cost to file for bankruptcy?

I am in desperate need to file for a bankruptcy but I don't know if there is a fee for filing for bankruptcy and if it does have a fee I would definitly like to know how much it would cost me to file for bankruptcy. I need to know thi so that I would be able to prepare the amount before filing for bankruptcy in case I would not be able to pay for the amount immediately.

  • user image

    No Name

    There is a fee for filing bankruptcy Any creditor or debtor who wishes to file for bankruptcy must pay a deposit of S$1,850 to the Official Assignee to administer the debtor's estate. If you hire a lawyer to help you file for bankruptcy, the lawyer will charge professional fees on top of the deposit amount.

    2020.03.24 15:44

    Please leave your knowledge and opinion!

    Related Forums

    Can fraud be an applicable case towards me if I were to file fraud for an individual who claimed my checks?

    Which among my properties would b sold to the bankrupt estate and could I use it to pay off my target contributions?

    Bank account was forced to close because of a company's bankruptcy

    WHat would happen if I have been declared bankrupt?

    Am I eligible to file for a bankruptcy?

    My business is going down. Now what?