Tag: About Bankruptcy

How do I pay the Trustee’s fees?

For most bankruptcies, the trustee will charge a standard fee, in the range of $1,800 to $2,000, for the basic administration, and most trustees allow those payments to be made over time. If Surplus Income payments are required, they will be credited against those fees.  Funds received or due in respect of asset realization are generally not credited against the administrative fees.

The Trustee may also charge an additional amount if an opposition to your discharge is to be filed because you have been bankrupt three or more times, if you have not completed your duties under the Bankruptcy and Insolvency Act, or if the trustee has concerns about the circumstances of your bankruptcy.

Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form. To learn more please visit our YouTube Channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.