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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why so expensive?

How much is a bankruptcy really supposed to cost? Say a person has a takehome income of maybe 1500-1600 dollars, take off rent, about a thousand, utilities, another 150-200 a month, car insurance, maybe 120 a month. Then of course if you have a child , you need to buy food , right? ok, forget about clothes , forget about haircuts , forget about having a bit of fun. ok, after that , i might have enough for a bit of food. please tell me how a trustee can still tell you he/she wants 150 a month for a bankruptcy fee? is that supposed to be some form of punishment? sorry, please just tell me that amount to file couldnt possibly be true.

Posted from: British Columbia

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One Response to “why so expensive?”

A licensed trustee said...

Before I answer your question, how much debt is it that you are trying to eliminate? Compare the cost of the bankrutpcy to the amount of debt you owe – does it still seem expensive?

If you want relief from your debts then you have to pay the costs associated with obtaining that relief – trustee’s have mortgages and car payments just like everyone else…