Paying Trustee fee

February 11th, 2008 by Questions

I reside in Ontario.
Assuming I am not working and have no assets to speak of, what amount do I need to pay the Trustee that will process my bankrupcy ?

DO I have the option to pay the whole amount at one time or do I need to spread it out during the 9 months that I am brankrupt ?

MY wife will supply me with the funds for the Trustee, as I have no $$

Thank-you

Questions

One Response to “Paying Trustee fee”



, A licensed trustee said:

By law, trustees are not permitted to advertise their fees. The basic cost of filing bankruptcy is usually in the $1,400 – $1,600 range. Certainly you may pay the entire fee up front, but that will not alter the time required to complee the process. bankruptcy takes 9 months to be completed and there are things you’ll need to do each month of the procedure.

Use the links on this page to finda trustee in your area and give them a call to get started.

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