Division I proposal
Does a division 1 proposal cost more than a consumer proposal, in regards to the cost associated with paying the bankcruptcy trustee?
Posted from: Ontario
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Does a division 1 proposal cost more than a consumer proposal, in regards to the cost associated with paying the bankcruptcy trustee?
Posted from: Ontario
Almost always – a Division I is more complicated, involves higher levels of debt, and procedurally requires more of the trustee’s time. In many cases, trustees are paid their hourly rates in a Division I proposal, where as in a consumer proposal the trustee’s fees are set out in the law.