Division I proposal

September 23rd, 2008 by Questions

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


One Response to “Division I proposal”

, A licensed trustee said:

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.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)