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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

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.