FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Facebook

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

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.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

payments to a trustee

What happens if my husband and I declare bankrupcy, we paid the trustee all the fees at the beginning. However, what happens if we do not keep up with the payments of the monthly fees to the trustee

Posted from: Quebec

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “payments to a trustee”

A licensed trustee said...

If you don’t meet all of your obligations to your trustee (and that includdes making whatever payments that are required) then you will not be discharged from bankruptcy. At some point, your trustee will close the file and then you are back where you started – except you can’t simply file bankruptcy again. You’ll have to either repay the debt or complete the first bankruptcy.

I should warn you, if your trustee closes their file and you want it re-opened later there will likely be a substantial penalty (cost) to do so.

Go and speak to your trustee and try and work something out. Once you start a bankruptcy it is in your best interest to finish it…