Now youre probably thinking to yourself This is ridiculous! Im single and living in (name of city) how can I be expected to survive on only $1,836 per month?
These minimum cost of living standards are calculated based on national data compiled by Statistics Canada. These standards are based on national averages and dont take into account regional differences in the cost of living. Our view is that this is an inherent flaw in the bankruptcy system, but one that we are required to work with. If you have neither assets or surplus income (for example, if you are single and earn less than $1,836 net per month, you wouldnt have any surplus income obligation), then the trustee would charge you a basic fee for administering your personal bankruptcy. This fee will vary from trustee to trustee, depending on local market conditions, but is usually in the range of $1,600 to $2,000 and can be paid over a 9-month period.
Related Questions
- Now youre probably thinking to yourself This is ridiculous! Im single and living in (name of city) how can I be expected to survive on only $1,836 per month?
- My son/daughter is thinking of going to University, would their items be covered whilst they are living in student accommodation?
- Why is it only available to people living within the St. George city limits?
