How much does debt consolidation and bankruptcy cost?
In the case of a proposal, the trustee’s fees are paid out of the proposal funds you contribute in financing your proposal. Therefore, there is no additional payment to the trustee other than the payments you are making to fund your proposal. The trustee’s fees and disbursements are restricted by a tariff as outlined in the Bankruptcy and Insolvency Act. In the case of a bankruptcy, the trustee’s fees and disbursements are paid out of the assets that are liquidated. If you do not have any assets, then flexible payment arrangements can be made with the trustee to pay for his/her professional time and expenses.
