Posts Tagged ‘Filing Fees’

House Passes Bill, Filing Fees Increasing

Thursday, February 2nd, 2006

On December 28 I let readers know that Congress was set to vote on a bill that would, among other things, increase filing fees.

Yesterday, by a vote of 216-214, the House passed the Budget Reconciliation Act (S. 1932). The President is expected to sign the bill within the next week or so.

The filing fee increases are set out in my December 28 blog entry, with apparently one change. Congress intended to raise Chapter 11 fees from $1,039 to $2,789. However, it appears that the Chapter 11 increases will apply only to railroad cases.

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And the Hits Just Keep on Coming…..

Wednesday, December 28th, 2005

It is bad enough that the new bankruptcy laws are making bankruptcy more arduous and expensive for debtors, but now Congress is set to stick it to debtors once again…by increasing filing fees.

As of October 17, BAPCPA’s increased filing fees for Chapter 7 cases went from $209 up to $274. Chapter 13 cases – which involve payment plans – actually went down from $194 to $189.

Now, a provision in the Deficit Reduction Act of 2005 increases filing fees for Chapter 7 cases another $25 to $299 and fees for Chapter 13 cases another $85 to $274. The biggest increase: Chapter 11 filing fees will jump from $1,039 to $2,789. Both the House and the Senate passed the bill but a procedural move in the Senate has sent the bill back to the House for another vote. The House is scheduled to vote on the bill when after it returns on January 31.

The effective date of the bill is 60 days after the President signs it. Mark your calendars accordingly.

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