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Cost of a Proposal

How much does the trustee charge to prepare the credit proposal.

Posted from: Ontario

One Response to “Cost of a Proposal”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

The cost of the proposal is based on a Tariff that is contained in the Bankruptcy and Insolvency Act and essentially is 20% of whatever goes out to the creditors. This is an amount that is simply deducted from your monthly payments, so you never need to worry about being hit by a surprise bill.