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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Cost of a trustee

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

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One Response to “Cost of a trustee”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

Each individual trustee in Canada sets their own minimum cost of bankruptcy. So yes a trustee can set the rate at whatever they choose and it is quite common for that cost to increase depending on the complexity of the situation.