I would like to know how much the trustee's bill is? Is it calculated based on the amount of the bankruptcy or is it a fixed rate? Is it the same amount for a business bankruptcy as for a personal bankruptcy?
In summary bankruptcy proceedings, the trustee is paid based on the work completed on the case, often from the debtor's deposits, which are determined by the Superintendent of Bankruptcy according to the individual's income and family expenses.
In commercial matters, the trustee is usually paid an hourly rate that varies depending on experience and the complexity of the case.
In commercial matters, the trustee is usually paid an hourly rate that varies depending on experience and the complexity of the case.
Questions reliées
- Can my bankruptcy be denied? If so, why?
- I moved to the Magdalen Islands and I would like to know if I can declare bankruptcy from here or if I must return to the region where I lived in the last year.
- I owe Emploi-Québec for overpayments. Would personal bankruptcy release me from this debt? It concerns social assistance benefits that were overpaid.
- I want to file for personal bankruptcy and I'm wondering how long it will take to be discharged afterwards if there are no objections from creditors?
- I would like to know if traffic fine debts can be included in bankruptcy proceedings?
