The cost of filing for bankruptcy has risen in recent years as a result of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, including additional paperwork and the credit counseling and debtor education. While the bankruptcy rate has fallen slightly since the law took effect -- from a rate of 1.4% in 2004 to 1.3% last year, The average cost to file for Chapter 7 bankruptcy protection, is more than $1,500, according to recent research submitted to the National Bureau of Economic Research.
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