How much does it cost to declare bankruptcy?

October 12, 2012 10:06 pm Published by

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.