December 6th, 2005 by Questions
I’m making a proposal for approximately $20,000 to my creditors, which represents about 25% of my debt. The trustee fee is going to be 8,500 on top of this amount. This seems high to me considering there’s nothing complicated about my situation. Is this an average fee?
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December 13, 2005 at 10:45 pm, Barton Goth, GCO Inc. Bankruptcy Trustees said:
The way fees are calculated for a consumer proposal is legislated. Based on the figures you provided I have estimated the cost would come to approximately $5800.00. If you are being quoted a different amount I suggest reviewing the calculation with the trustee of contacting a different trustee for a quote (see “Find a Trustee” on the left hand of the page).