March 8th, 2009 by Questions

When looking at claiming bankruptcy or a division 1 proposal-do you have to pay a fee up front or is there a payment plan???

Posted from: Alberta


One Response to “fees”

, A licensed trustee said:

The decision whether or not to require an “up front” fee is completely at the discretion of the trustee you are dealing with. In our practice it is not done, but it is not uncommon in the industry. Keep in mind that this up front fee must be disclosed and reported as part of the bankruptcy or proposal process.

Sometihng to avoid is/are debt consultants. These are folks that are NOT licenced trustees. Any fee you pay to a consultant will not be applied to the cost of your procedure – it’s simply a charge to talk to someone before you speak to a trustee.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)