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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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consumer propsal and fees.

how much are the standard fees for a consumer propsal ?

Posted from: British Columbia

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One Response to “consumer propsal and fees.”

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

The fees in a consumer proposal are outlined by the Bankruptcy and Insolvency Act and are based on how much is distributed to the creditors. The calculation is as follows:
– $ 750.00 payable on filing a copy of the consumer proposal with the Official Receiver
– $ 750.00 payable on approval or deemed approval of the proposal by the Court.
– 20% of the dividends paid to creditors under the proposal,
– Two counselling sessions – $ 85.00 plus G.S.T. per session.

As these fees are set out in the legislation they will be uniform across the country.