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How Much Does It Cost to File Bankruptcy in Canada? 10 лет назад



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How Much Does It Cost to File Bankruptcy in Canada?

How Much Does Bankruptcy Cost? The cost of a bankruptcy in Canada will be different for everyone. That is because the more you earn and the more assets you own, the more you will pay to your creditors. In a bankruptcy, you are allowed to keep a portion of your income for living expenses. Half of the surplus income you earn over this threshold goes towards the bankruptcy. This living expense depends on your family size. In a bankruptcy inOntario, the only assets you can keep are home furnishings, one motor vehicle, tools for work and your RRSP (other than recent contributions). Your creditors are entitled to any equity in your home, other investments and any tax refunds. If you have a lot of assets or a high income, there may be a better option for you than a bankruptcy, A consumer proposal is a way in which you can protect your assets. You can learn more about the costs of a bankruptcy here: https://www.hoyes.com/personal-bankru... #bankruptcy #debt #LicensedInsolvencyTrustee #becomedebtfree

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