2010-08-02
The amount you have to pay into a bankruptcy depends on a few things, including your income, your history, the amount involved in administering your bankruptcy, and other factors. The best thing to do is to book a consultation with a trustee - you'll be advised as to what your monthly payments would be. In some cases, amounts received by your trustee in a bankruptcy will cover the cost, meaning that additional payments from you are not necessary. If there are no funds coming from tax refunds, assets, etc., you would be expected to pay in the cost of the process (which is set by law). In some cases, it's possible to put you on a monthly payment plan for the cost. You're best to come in for a consultation to get a quote on this as well as information regarding how the process would work in your particular situation. Judy Scott Meyers Norris Penny Limited Port Moody - Burnaby - Maple Ridge 604-949-2100
2026-07-13
MNP Consumer Debt Index
Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, nearly three in five British Columbians (58%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
