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
2025-04-25
Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future.
2025-04-24
Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.
2025-04-16
Alternatives to Bankruptcy Bankruptcy
How can you reduce food waste? These strategies can help benefit both the environment and your bank account.
