What Does Going Bankrupt Cost in Canada?
In Canada, the cost of bankruptcy is at least $1,800. This fee is payable to the trustee for their time. It also includes administration services and the costs associated with filing the appropriate bankruptcy forms with the Court. How much a trustee may charge for their services is determined by the Office of the Superintendent of Bankruptcy (OSB).
Their staff are incredible…
Whatever your financial worries, trepidation or fear of being judged/forced into bankruptcy – get CCS to help. Their staff are incredible, couldn’t have dealt with a better group of people. They are truly dedicated to finding practical solutions, advocating for your financial future. First they provide hope, then they help and finish by delivering happiness.
Bankruptcy Alternative: Communicating with Creditors
There are a lot of situations where once a creditor is fully aware of someone’s circumstance, they no longer actively attempt to collect what is owed. There are effective ways to communicate with creditors to ask them to help you, which will stop collection calls. After the statute of limitation has been reached, a debt can no longer be legally collected.
Getting Rid of Debt
We’re happy to help you figure out your options. There are more than you might think.
Canada has 2 insolvency options, a consumer proposal or bankruptcy. Find out how they stack up.
Are you curious about what credit counselling is or how it works? Here’s what you need to know.