Cost of Bankruptcy Articles - Archive: 2010

I am meeting with a trustee in a few weeks. He said that he will charge approximately $500-$1200 for the meeting. Is this standard? From what I\’ve read, consultations are free? I do have a complex case so I wonder if the fee reflects that? Posted from: British Columbia

how much is the minimun to pay for bankruptcy i been lay off for 1 yr i been living of my credit cards and got no assets,rrsp\’s or savings prety soon i\’ll be living on the street. any help please Posted from: British Columbia

I owe over 150,000 in credit card debt and cannot continue to make payments. My wife has considerable assets. Can I make a proposal to to the credit cards or will they go after my wife`s assets? Is it better to take a mortgage on our home and pay off the credit card debt that [...]

Can a trustee charge more for a personal bankruptcy procedure than the set rate? For example can they charge $2500 dollars, because they said your file is larger than normal? Posted from: British Columbia

hello do you have to pay for the counseling sessions or is this included in the amount you pay the trustee a month Posted from: Nova Scotia

I`m currently making monthly payments to my trustees office for the cost of my bankruptcy. If I were to pay the balance owing in full (a family member has now offered to pay it for me), am I still required to submit monthly income/expense statements, and my surplus earnings (if any)? Thank You. Posted from: [...]

A friend has no money, no job and has lost everything. He is on social assistance and disability. He should go bankrupt but has no money or assests that can be used to pay a trustee. Is there any assistance available in this typre of situation. Posted from: British Columbia

If earnings are below the amounts allowed and you are below the Surplus Income. How do we pay the Trustee? Posted from: Ontario

Is there any indication that the new September 18 rules on Surplus income might be changed in light of the economic fiasco? Here`s why I ask. My husband lost his job and the savings were depleted on a reno project that we were doing for a rental property. Following this we were unable to make [...]