The Process Of Consumer Proposals How Payments Calculated
Process of Consumer Proposals For most bankruptcies and all consumer filings, the authorized liquidator’s fee is based on a fee established by federal bankruptcy and bankruptcy law. The federal government licenses and regulates trustees as the sole debt professionals. This implies that the Office of the Superintendent of Bankruptcy Canada, a part of Industry Canada, a branch of the Federal Government, regulates trustee fees, among other things. No Trustee may charge more than just the amounts set forth in the Bankruptcy and Insolvency Act’s General Rules, which may be read here....