The cost to file bankruptcy is monetary. It will also have an effect upon your life style and general attitude towards many different organizations. The basic cost to file bankruptcy refers to the fees you need to pay to actually file the papers. The cost to file bankruptcy under Chapter 7 is approximately $200 in the United States. If you choose to file Chapter 13, it is less expensive. The cost to file Bankruptcy for Chapter 13 is around $185. In addition to this base fee, you will probably incur various other fees. These will include the cost of hiring a lawyer. This will run over $1,000. Beside attorney fees, you may also have to pay for other specialist legal advice and professional financial advice. Besides these overt costs, there is the hidden cost to file bankruptcy. You will have poor credit for years to come. You will need topay higher interest rates. You may, however, learn to live within your financial means after years of restrained spending.