Trustee Fees in consumer proposal
April 5th, 2011 by Questions
Consumer proposal made to hold paying total of $20,000 to creditors for about six months until home sold — then I would pay creditors back in full. Was paying $250 a month to Trustee for this period of six months. House now sold — I want to give the Trustee the $20,000 I owe but he wants an extra $6,000 he calls a ‘tariff’. What is that? Does the Trustee get 30% ($6000) of what was owed or should it be 7.5% as stated in the act? (7.5% would be $1500).
Posted from: British Columbia