How much does it cost to declare bankruptcy?

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.

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