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unemployed in Ontario

we are 40 grand in debt and now he has lost his job..we were already behind on some payments but now we can not pay any. How much does it cost to file and how much are we expected to repay on the debts?

Posted from: Ontario

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One Response to “unemployed in Ontario”

A licensed trustee said...

A typical bankrptcy costs around $1800 and is usually paid for by monthly contributions during thr procedure. The amoutn you owe does not affect how much you pay – the cost is based on your household size, household income and things that you own.

Contact a trustee in your area for a more detailed explanation of the costs involved.