Cost of a Proposal

September 18th, 2008 by Questions

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

Posted from: Ontario

Questions

One Response to “Cost of a Proposal”


September 19, 2008 at 9:23 am, 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.

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