FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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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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Cost of Consumer Proposal

What will it cost me to do a consumer proposal? Do all companies charge different fees? Is it a percentage of what I know?

Posted from: Ontario

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One Response to “Cost of Consumer Proposal”

A licensed trustee said...

There should not be any upfront fees to file a consumer proposal. Your trustee will be paid a preparation fee and a percentage of all funds distributed to your creditors – all of this is included in your monthly payment.

If some one is asking you for fees upfront, or in addition to the monthly payment requirement they probably are not a trustee and therefore canot provide file a proposal themselves. Once you pay them their fee they will refer you to a trustee to do the work. Save yourself the fee and deal directly with a trustee…