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

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*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.

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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 Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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How do you file if you can’t afford the fees?

HOW DOES A PERSON FILE IF THEY CANNOT AFFORD THE NORMAL FEES TO FILE FOR BANKRUPTCY.

Posted from: Ontario

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One Response to “How do you file if you can’t afford the fees?”

A licensed trustee said...

Always an awkward question – filing for bankruptcy is not free. Trustees are not government employees – we make our living from the fees people pay. The first question to ask is what will it cost if you don’t file for bankruptcy? If you are afraid of a wage garnishee then you need to compare the cost to file as compared to the amount of the garnishee.

Frankly, there are times when filing doesn’t make sense – if you’re income is exempt from seizure (pensions for example) then it may not make sense to pay $200 a month for a legal procedure that you may be able to live without.

IT may also be possible to negotiate a lower fee from the trustee – we have taken on files for as little as $25 a month, but there was always a compelling reason. For example, someone living on $500 a month, but needs to file for health reasons. These things are assessed on a case by case basis by the local trustee.