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Legal Helpers Tip: The cost will vary based on the complexity of your financial picture, assets, income, and, of course, debt profile. If you have only one or two income sources and six or seven creditors, your bankruptcy help should cost around $1,000 to $2,000. The filing of a petition for a Chapter 7 bankruptcy costs around $300 in fees. Most good bankruptcy lawyers will give you a free consultation before you decide to file or retain them. Your legal fees will be somewhat higher if your financial mix is more complicated, and therefore, requires more time and expertise. To keep your legal fees under control, be as organized as possible - have all your information regarding income and expenses in one place.