How much does a bankruptcy or consumer proposal cost?
In a bankruptcy, the trustees fees and disbursements are paid out of any liquidated assets. If you do not have any or sufficient assets, a flexible payment plan can be arranged to pay the trustee for his time and expenses. In a consumer proposal, the trustees fees are paid out of the payments you make towards your proposal. In other words, there is no additional payment to the trustee other than the payments you are making for your proposal. The fees and disbursements of the trustee are restricted by the tariffs described in the Bankruptcy and Insolvency Act.
