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.
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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.