November 12th, 2005 by Questions
I am having financial problems . I am considering bankruptcy in the near future. How are trustee fees calculated? Is it based on the number of hours they work for their client,or is it a percentage of the debt? What is a ball park figure charged by a trustee for a typical personal bankruptcy in Canada? I just want some idea how much it will cost me. Can I expect it to cost more than $2000 dollars? I have read that trustees are flexible with their payment schedules so as not to over tax the person. If the fee is substantial it may influence what options I can afford and what I cant.