📅 2026 Update: Changes in Bankruptcy Fees and Processes

Since the original article on Missouri bankruptcy was written, there have been important updates regarding bankruptcy filing fees and processes. These changes can impact individuals considering bankruptcy options. The details below reflect the most recent information while the earlier article continues further down the page.

💰 Updated Bankruptcy Filing Fees

As of December 1, 2023, the filing fees for various bankruptcy chapters have changed. The Chapter 7 filing fee is now $338, while the Chapter 11 filing fee has increased to $1,738. These fees are now applicable nationwide, impacting those who may be considering filing for bankruptcy.

📅 Changes in Processing Times

The process to discharge debts has not significantly changed. For Chapter 7 bankruptcy, the discharge is typically granted within three to six months. For Chapter 13 bankruptcy, the repayment plan usually lasts from three to five years based on income and debt levels.

📝 Filing Steps and Requirements

The steps to file for bankruptcy remain similar. Debtors must complete the bankruptcy petition, attend a 341 meeting of creditors, and finish a financial management course. Additionally, the means test is still required for determining eligibility for Chapter 7 bankruptcy.

🤝 Free Assistance Options

There are free or low-cost legal aid organizations available that provide assistance in bankruptcy cases. The U.S. Trustee Program also offers resources and information about bankruptcy procedures, helping individuals navigate the process.

📌 Key Points to Remember

  • 💵 Filing fees: Chapter 7 is now $338, Chapter 11 is $1,738.
  • ⏳ Processing times: Chapter 7 discharge takes 3 to 6 months; Chapter 13 plans last 3 to 5 years.
  • 📝 Filing steps: Complete petition, attend a creditors meeting, and finish a financial management course.
  • 🤝 Free help: Legal aid organizations and the U.S. Trustee Program offer assistance.

💡 Tips for Navigating Bankruptcy

It's important to review your financial situation with your attorney before making decisions about bankruptcy.

📝 Complete Required Forms

Ensure all bankruptcy forms are filled out accurately. Errors can lead to delays in the process.

⏳ Meet Deadlines

Pay attention to important deadlines, such as completing the means test application before filing for Chapter 7 bankruptcy. Missing these deadlines could result in case dismissal.

📅 Attend Required Meetings

Debtors must attend the 341 meeting of creditors, which is typically scheduled about a month after filing. This meeting is crucial for discussing your situation with creditors.

💳 Explore Payment Options

Various payment methods are accepted for filing fees. Money orders, cashier’s checks, and electronic payments are options, while personal checks and credit cards are usually not accepted.

🤝 Seek Free Resources

Look into legal aid organizations for free or low-cost assistance. These resources can be valuable in navigating the bankruptcy process.

🏆 Services Ranked by User Reviews (2026)

This section highlights services that can assist individuals dealing with bankruptcy-related issues. The rankings are based on Trustpilot data checked in October 2026, reflecting the user experience through ratings and reviews. Remember, star ratings are just one measure; unhappy customers often leave more reviews, which can affect the overall score.

🥇 1. LawDepot

LawDepot has been rated 4.0. This service is known for providing legal document preparation and affordable legal forms, making it relevant for those needing to file bankruptcy. However, some users have reported limited customer support and occasional document errors, which are important factors to consider.

🥈 2. National Debt Relief

National Debt Relief holds a 4.5 rating. It is recognized for offering debt relief services and consumer financial assistance, which can complement bankruptcy processes. Some reviewers mention unexpected fee deductions and administrative charges, so potential users should be aware of these caveats.

🆓 Free Government and Nonprofit Help

Various government and nonprofit organizations offer free resources to assist individuals with bankruptcy. Legal aid organizations can provide low-cost or free support, while the U.S. Trustee Program offers valuable information on bankruptcy procedures.

🔎 What to Compare When Choosing These Services

  • 📄 Service offerings: Understand what documents or assistance are provided.
  • 💵 Fees and costs: Look for any hidden charges or unexpected fees.
  • 🕒 Processing time: Know how long the service takes to resolve issues.
  • 🗣️ Customer reviews: Check ratings and feedback from other users.
  • 🤝 Support availability: Evaluate the level of customer support provided.

❓ Frequently Asked Questions

❓ What is the means test for Chapter 7 bankruptcy?

The means test determines if an individual qualifies for Chapter 7 bankruptcy based on their income and expenses. It compares your income to the median income in your state.

📅 How long does the bankruptcy process take?

The bankruptcy process duration varies. Chapter 7 discharges typically happen within three to six months, while Chapter 13 repayment plans last three to five years.

💳 Can I use credit cards after filing for bankruptcy?

After filing for bankruptcy, rebuilding credit is possible. Secured credit cards and timely bill payments can help improve your credit score over time.

📞 How can I find free bankruptcy assistance?

You can find free assistance through legal aid organizations or the U.S. Trustee Program. These resources offer guidance and support for those considering bankruptcy.

🏠 What is the homestead exemption?

The homestead exemption protects a portion of your home equity from creditors. The amount varies by state and can be crucial in bankruptcy proceedings.

🔍 How does bankruptcy affect my credit report?

Bankruptcy can remain on your credit report for up to 10 years. Its impact on your credit score can vary, but it may make obtaining new credit more challenging during that time.

⚖️ Recent Court Rulings in Bankruptcy Cases

Recent court rulings have provided insights into how bankruptcy laws are applied. These rulings can affect how individuals approach their bankruptcy filings and understand their rights.

Browse more rulings on the news page for the latest updates and court decisions related to bankruptcy.

End of October 2026 Update






 



Missouri Bankruptcy Law



 

Missouri Bankruptcy


Missouri bankruptcy laws that are similar to most other states.  A person may file for MO bankruptcy if their business has failed or simply can’t repay the amount of debt they have piled up.  A corporation may also choose to file for Missouri bankruptcy if their business is failing to turn a profit or similar situation.  Within the state of Missouri, only qualified individuals can file for MO bankruptcy, and they fall in the following categories:



 



• the median income of the individual must fall below the state average, which is around $39,500



• if the individual has a family, the median income increases with heads/household



 



Missouri Bankruptcy : Personal and Corporate



 



Both individuals and corporations can file for Missouri bankruptcy.  Families or individuals either file for Chapter 7 or Chapter 13, while corporations and business file for Chapter 11.  In Missouri, there are a number of exemptions that may apply to an individual or corporation, and they are explained below. 



 



MO Bankruptcy Chapter 7



 



This type of bankruptcy is often referred to as straight or liquidation.  In this type of case, the debtor will often leave with a clean slate.  However, creditors can still take valuable assets before a debtor is freed from their debt.  These items will often be sold at a “bankruptcy sale,” but certain exemptions exist within the state of Missouri.  You may be entitled to the following exemptions:



 



• Homestead up to $15,000



• Motor Vehicle up to $3,000



• Some appliances 



• Jewelry 



• Wrongful Death Settlements and/or Personal Injury payments



• Unemployment Compensation



• Veterans’ Benefits



• Disability Benefits



• Certain Pensions



• Unmatured life insurance



 



MO Bankruptcy Chapter 11



 



This type of Bankruptcy is often used by businesses or corporations.  A company may choose to file for MO bankruptcy if their production is down or they simply can’t repay the debt without a change in logistics or company policy.  No personal assets are in danger within Chapter 11, but the value of company stock is always in danger



 



MO Bankruptcy Chapter 13



 



Within the state of Missouri, a person who chooses to file for Chapter 13 bankruptcy will now almost always have to pass a means test and attend debt counseling courses.  The state now requires a minimum of five years of repayment as well.  The individual may be ordered to repay the percentage of debt for a longer time period too.  



 



Taxes



 



If you file for Chapter 7, your tax returns may be considered a valuable asset and be turned over to a creditor.  If you file under Chapter 13, your federal tax returns will almost always be protected but may be introduced into the repayment plan.  



 



Filing for Missouri Bankruptcy



 



If you are already having trouble with expenses, you can choose to file for Missouri bankruptcy through a filing service or you can choose to use “Pro Se.”  However, it is always beneficial in having a lawyer help you through the filing process, help you reach a settlement, and advise you when with your creditors.  A lawyer will provide you with strategies in filing for Chapter 7 or Chapter 13, and the can often help you obtain as many personal assets as possible.