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

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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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bankruptcy

How much do they take off your wages to pay your bankruptcy or is it a %

Posted from: British Columbia

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One Response to “bankruptcy”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

When you file for bankruptcy there is nothing that is automatically deducted off your wage. Now there is a cost to file bankruptcy, but there is no automatic percentage. What happens is that the trustee you contact will set a minimum cost, but there is a guideline that is sent to every trustee in Canada that determines if you qualify for the minimum cost and provides a formula to be followed if you don’t.

As you can probably tell it can be a little complicated. So what I recommend is that you contact a local trustee and they will walk you through this.