How much does it cost to declare bankruptcy? October 12, 2012 10:06 pm Published by admin At a minimum the costs to you to declare bankruptcy will be between $1,700 which is payable over the period of time you remain in bankruptcy, ( minimum of 9 months.) Trustees can collect this fee from you (payments that you make to them), or from any income tax refunds that are owed to you including your personal GST/HST credits, from your surplus income payments if any, or from the proceeds of any assets that are sold during the bankruptcy period. Recent Posts Bankruptcy Discharge Handbook The Great Deferral – Effects of Covid-19 on Personal and Business Bankruptcy Covid19 – Debt Crisis – Help Available. Covid19 Pending Debt Crisis: Don’t Panic – But Use the Down Time Wisely. Personal Budgets in 2020