2025-08-01
Transferring Assets Before Bankruptcy: Why You Should Consult a Trustee
Bankruptcy
If you’re struggling with your finances and heading toward bankruptcy, you may think it makes sense to sell or transfer some of your assets.
Cost Of Bankruptcy: How Much Does Filing For Bankruptcy Cost?
Watch the video or continue reading below.
Trustee fees, filing fees and counseling fees are regulated by the government.
The trustee fee may be paid out of the funds arising from the liquidation of the bankrupt's assets. If the bankrupt has no assets available, then the trustee will require a retainer or require the bankrupt, over time, to pay the trustee's fees and disbursements.
For more information on fees when filing for bankruptcy, please contact Melanie directly.
Melanie Fuller
CIRP, LIT
Senior Vice President
Servicing: London Southdale, St. Thomas, Clinton, London Southdale, London (Queens), Sarnia, Strathroy
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