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fees of a consumer proposal

If my spouse and I file for a division 1 proposal and it is not acceptaed and we are then automatically bankrupted-how are the fees for the consumer proposal paid for. Then would we have to pay extra trustees fees for the bankruptcy. Are both fees put together????

Posted from: Manitoba

One Response to “fees of a consumer proposal”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

This depends on the trustee you are using. One common practice is that the first two payments in the Div I Proposal are used to cover the costs of putting the proposal together and then the Bankruptcy has separate fees that begin being paid upon the rejection of the Div I Proposal and commencement of the bankruptcy.