Any time you start a legal action, you will almost certainly be required to pay a fee - even filing for bankruptcy. In addition to administrative costs the government must bear such as having a court clerk make photocopies and file your documents, the filing fees are intended to discourage...
This article explains what is business bankruptcy, also known as Chapter 11 and Chapter 13. Bankruptcy laws allow a debtor to work with their creditor while undergoing a supervised division of the debtor’s assets by the court.
Understanding Business Bankruptcy
By allowing a debtor to retain...