Ontario Trustee Fees
April 10th, 2008 by Questions
In Ontario, what is the fee that a trustee can charge you for the services he provides.
I heard its approx $1700
Also, can this fee be paid in full at the start or does it have to be distributed during the 9 months that I would be in bankruptcy ?
ps. My wife would pay it in full if need be, as I don`t have the funds.
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April 11, 2008 at 7:15 am, A licensed trustee said:
There are no stated “fees” per se – althought most trustees rquire you to pay approximately $1400 to cover the basic costs of administering your file.
Most people pay monthly becuase the actual amount you are required to pay can vary dpending on your income.
In your case, with no income (unless you start working during the bankruptcy) I suspect your trustee will allow you to repay the full amount.