Fees
September 1st, 2012 by Questions
What are the fees in declaring Bankrupcy?
Posted from: Ontario
One Response to “Fees”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
September 01, 2012 at 8:24 am, A licensed trustee said:
Trustees are not allowed to advertise fees, but you should expect to pay $1,800 or more to file.
What actually happens is your trustee is paid a tariff – a percentage of whatever money is collected during your bankruptcy. In cases were it looks like there may not be much money collected trustees usually require you to pay $1,800 to cover their costs. From that $1,800 the trustee receives roughly $1,200 as fees, the rest covers Court and government costs.