Bankruptcy info questions

May 22nd, 2012 by Questions

Hello, I just would like to ask that what is the difference between if I file the bankruptcy myself or I get a trustee to file the bankruptcy ?? Also, is there any fee to file the bankruptcy through the trustee and how much??? Thank you very much

Posted from: Ontario

Questions

One Response to “Bankruptcy info questions”



, A licensed trustee said:

I am sorry, but you cannot file bankruptcy by or for yourself. Only a licenced trustee in bankruptcy may file an assignment in bankruptcy for you. It will likely cost you a minimum of $1800, but it may cost a fair bit more, depending on the things you own and your household income (the more you earn the more it costs to file for bankruptcy).

When a person files for bankruptcy they assign (sign over) the things that thye own to a trustee for the benefit of their creditors (the people they owe). Since you cannot sign things over to yourself, you must use a trustee…

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