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2007 | 4.9 Satisfied (513 Votes) |
Debtors can apply to pay their filing fee in installments as per Fed. R. Bankr. P. 1006.
The proposed number of installments cannot exceed four (4), with the final payment due within 120 days after filing.
Failure to pay any installment on time may result in dismissal of the bankruptcy case and denial of debt discharge.
Debtors are prohibited from making additional payments or transferring property to attorneys until the filing fee is fully paid.
Non-attorney bankruptcy petition preparers must declare their compliance with legal requirements and cannot accept fees before the filing fee is paid in full.
The application for installment payments must be approved by the court, which will outline specific payment terms.